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£695,000 Guide Price
Bedrooms
Bathrooms
A fabulous Grade II Listed three bedroom apartment with stunning views sea views.
Apartment 12b Market Cross Place offers a rare and stunning opportunity to acquire what is arguably the best apartments in this iconic terrace on the sea front in Aldeburgh.
The accommodation can be accessed via a lift, leading into a fabulous well-proportioned kitchen/dining/sitting room with open fire place and doors to the balcony, offering superb views of the beach and sea.
The kitchen area comprises shelving, low cupboards, eye-level oven, gas-hob, space for fridge freezer, washing machine and breakfast bar. Door to lift.
Doors lead to the three bedrooms, the principal of which is good sized double with en-suite bathroom. There are two further bedrooms as well as a shower room.
OUTSIDE:
To the front you will find a low brick wall with small paved area and path to the front door. The flat has a superb balcony accessed via the sitting room which is a fabulous place to sit in the morning and watch the sunrise over the sea.
SERVICES:
Services: Mains electric, gas, water and drainage.
According to Ofcom: Superfast broadband and mobile coverage is available.
Local Authority: East Suffolk District Council
Council Tax Band: TBC
EPC Rating C
What3words urgent.bypassed.skinny
Lease: The flat is Grade II listed and has a long lease.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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