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6 Market Parade, Havant
£160,000
Bedrooms
Bathrooms
This well-presented ground floor flat is located very conveniently for the local facilities that Cosham has to offer, including a Tesco, high street shopping and a train station. Accommodation comprises of two bedrooms, lounge, kitchen and bathroom. With the added bonus of an allocated parking space
This very well-presented ground floor flat is located in a very convenient setting, about a half of a mile from many of the facilities Cosham town centre has to offer. This include a Tesco store, high street shopping facilities, bus routes and a mainline train station. There is also easy vehicular access to the A27 and the A3(M). The property has been well maintained with features including gas central heating, uPVC double glazing and an allocated parking space.
A communal entrance with phone entry system provides access into the block. The entrance hall of the flat gives access to all of the accommodation. The lounge is dual aspect with the windows looking out to the front of the property The kitchen area features a range of units with an integrated electric oven and gas hob, integrated fridge/freezer, with space for a free standing washing machine.
There are two bedrooms, the master bedroom is a great size with a window which looks out to the rear of the property. The second bedroom is a large single. The bathroom suite comprises of a bath with mixer taps, wash basin and toilet. In the hall there is also a storage cupboard.
Lease and maintenance details as of May 2025
Lease remaining- 75 Years
Service charge- 1146 PA
Ground rent 100 PA
GROUND FLOOR
LIVING ROOM- 4.66m (153') x 3.44m (113') max
KITCHEN 2.87m (95') x 1.64m (54')
BEDROOM 1 3.04m (10) x 2.68m (89')
BEDROOM 2 2.87m (95') x 2.00m (67')
BATHROOM
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.
6 Market Parade, Havant
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