2 bedroom flat for sale

£325,000

2

Bedrooms

1

Bathrooms

Floorplan


SUMMARY
Two-bedroom first floor flat


DESCRIPTION
Nestled in a sought-after location, this beautifully presented first-floor two-bedroom flat offers a perfect blend of space, comfort, and convenience. Boasting a well-maintained interior, the property features a bright and airy lounge, ideal for relaxing or entertaining. The separate kitchen is modern and functional, providing ample storage and workspace. Both bedrooms are generously sized doubles, with the master bedroom being particularly spacious, offering a comfortable retreat. The well-appointed bathroom adds to the practicality of this charming home. One of the standout features is the picturesque view over the communal gardens, creating a serene and scenic outlook. With a long lease and low service charges, this property presents an excellent opportunity for first-time buyers, downsizers, or investors alike. Conveniently located close to excellent transport links and well-regarded schools, it offers easy access to local amenities while maintaining a peaceful residential setting.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £1,405.52

Total Interest: £180,986.23

Overall Total: £505,986.23

Amortization For Monthly Payment: £1,405.52 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£10,304.31 £6,561.89 £318,438.11 
2026£10,091.23 £6,774.98 £311,663.13 
2027£9,871.22 £6,994.99 £304,668.14 
2028£9,644.07 £7,222.14 £297,445.100 
2029£9,409.54 £7,456.67 £289,989.33 
2030£9,167.39 £7,698.81 £282,290.51 
2031£8,917.39 £7,948.82 £274,341.69 
2032£8,659.26 £8,206.95 £266,134.74 
2033£8,392.75 £8,473.46 £257,661.29 
2034£8,117.59 £8,748.62 £248,912.67 
2035£7,833.49 £9,032.72 £239,879.95 
2036£7,540.17 £9,326.04 £230,553.91 
2037£7,237.32 £9,628.89 £220,925.02 
2038£6,924.63 £9,941.58 £210,983.44 
2039£6,601.79 £10,264.41 £200,719.03 
2040£6,268.47 £10,597.74 £190,121.29 
2041£5,924.33 £10,941.88 £179,179.41 
2042£5,569.00 £11,297.20 £167,882.21 
2043£5,202.14 £11,664.06 £156,218.14 
2044£4,823.37 £12,042.84 £144,175.31 
2045£4,432.30 £12,433.91 £131,741.40 
2046£4,028.53 £12,837.68 £118,903.72 
2047£3,611.64 £13,254.57 £105,649.15 
2048£3,181.22 £13,684.99 £91,964.16 
2049£2,736.82 £14,129.39 £77,834.77 
2050£2,277.99 £14,588.22 £63,246.55 
2051£1,804.26 £15,061.95 £48,184.59 
2052£1,315.14 £15,551.07 £32,633.53 
2053£810.14 £16,056.07 £16,577.46 
2054£288.75 £16,577.46 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 258,325

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 17,587

Cumulative Rental Profit

£ 175,874

Cost of Purchase

£ 14,575
  • Stamp Duty
    £ 3,750

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8,125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 21,413
  • Mortgage Interest
    £ 11,625

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 5,148
  • Letting Fee
    £ 240
  • Maintenance
    £ 3,900
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 365,690
  • Final Equity Profit
    £ 189,816

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 175,874

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 529,391

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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