2 bedroom flat for sale

£500,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

''' Guide Price 500,000 - 540,000 '''

Charles Eden are delighted to present this remarkable (north of 1200 sqft) two bedroom (1911 x 181 & 1311 x 1310) , two bathroom, ground floor period conversion with side access to private garden at the rear. The property also offers an abundance of character features along with a private garage, off street parking and is presented to market CHAIN FREE.

Communal Covered Porch - Part glazed door with windows to front leading into

Communal Hall - Personal door leading into

Hallway - Double glazed window to side, recessed spot lights to ceiling, coved ceiling, understairs storage cupboard, radiator,
tiled flooring.

Shower Room/Wc - Opaque double glazed window to rear, recessed spot lights to ceiling, coved ceiling, fully tiled shower cubicle, low level WC, wash hand basin, radiator,
vinyl flooring.

Reception Room - 6.68m x 3.63m (2111 x 1111) - Double glazed patio doors to rear leading to steps down to garden, wall lights, radiator housed in decorative cover, two inset display cabinets, laminate wood flooring.
Door leading into:

Kitchen / Breakfast Room - 4.60m x 4.27m (151 x 140) - Double aspect. L-shaped.
Double glazed window to front, double glazed window to rear, coved ceiling, recessed spot lights to ceiling, range of wall, base and drawer units with worksurfaces over,
two stainless steel sink units inset in worktop with mixer tap, space for range gas cooker with 5 ring gas hob and cooker hood over, space for upright fridge freezer, integrated dishwasher and washing machine, breakfast bar, part tiled walls, radiator,

Bedroom One - 6.07m x 5.51m (1911 x 181) - Two double glazed windows to side, ornate ceiling rose, ornate oved ceiling, picture rails, radiator, fitted carpet.

Bedroom Two - 4.24m x 4.22m (1311 x 1310) - Two double glazed windows to front, ornate ceiling rose, ornate coved ceiling, radiator, fitted carpet.

Bathroom / Wc - Opaque double glazed window to side, coved ceiling, recessed spot lights to ceiling, comprising tiled paneled bath with shower over, shower screen, pedestal wash hand basin, low level WC, radiator, part tiled walls, tiled flooring.

Outside -

Garden - 12.19m approximately (40 approximately) - Paved patio adjacent to rear of property, laid to lawn with trees, garden shed, access to front via garden gate.

Frontage - Off Street parking for one car

Garage - Up and over door, power and light.

Lease - 125 years as of 25th March 1992 (799 years remaining)

Maintainance - Approx 1,000 per annum (Includes buildings insurance & communal lighting)

Ground Rent - 100 pa

Council Tax D -

Epc Rating C -



Features
  • Freehold

Mortgage Calculator

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 )

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

£ 415200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12500
  • 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

£ 40200
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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