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£75,000 Guide Price
Bedrooms
Bathrooms
Forming part of this well regarded OVER 55s DEVELOPMENT, set in attractive gardens with residence parking, we are pleased to be able to bring to market this well presented ONE BEDROOM GROUND FLOOR APARTMENT which offers an excellent opportunity to enjoy additional facilities including residents lounge and laundry room. NO ONWARD CHAIN.
Property Description - The apartment briefly comprises; private entrance door to hallway with built-in store cupboards, living room with door opening out onto a patio area and the communal garden and door opening to a fitted kitchen, one bedroom with built in wardrobe and bathroom with walk in electric shower, WC and hand basin. The property also benefits from electric heating and uPVC double glazing.
Entrance Hall - 0.91 x 3.53 (211' x 116') -
Living Room - 4.33 x 3.57 (142' x 118') -
Kitchen - 2.61 x 2.28 (86' x 75') -
Bedroom - 5.31 x 2.64 (175' x 87') -
Bathroom - 1.72 x 2.28 (57' x 75') -
Further Information & Tenure - Hartford Court is a modern purpose built complex designed for the over 55s. The complex has various communal facilities including; residents lounge, guest room and laundry facilities. In addition there is a lift to all floors, a residents call system and the services of a House Manager.
We have been informed by the Vendor that the property is Leasehold with approximately 95 years remaining . We believe the annual maintenance charge to be around 3384.74 per annum to include water rates, building insurance, call facility, upkeep of residents facilities and lift servicing with a separate ground rent charge of 473.88. Pets are generally accepted (subject to terms of lease and landlord permission).
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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