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£230,000 Guide Price
Bedrooms
Bathrooms
Churchfield are proud to offer to the market this beautifully presented and contemporary 2 DOUBLE BEDROOM, 1 RECEPTION ROOM, ground floor apartment in the sought after area of Meyrick Park. The property benefits from; a PRIVATE BALCONY, SECURE UNDERGROUND PARKING, a LONG LEASE and is OFFERED WITH NO FORWARD CHAIN.
The property comprises; a spacious entrance hall, 2 storage cupboards, 2 double bedrooms with fitted wardrobes, a recently fitted Kitchen with integrated appliances, a dual aspect lounge/diner with access to the private balcony, a modern part tiled bathroom and a separate 2nd WC.
Outside the property comprises; an allocated off road parking space in a secure underground garage, a private balcony and well maintained communal gardens.
The flat has double glazing and a warm air heating system.
The property is situated on a quiet leafy road in the sought-after area of Meyrick Park, located a short distance from Bournemouth Town Centre which offers a wide range of local shops, cafes, bars, restaurants and supermarkets. Close by is the Meyrick Park Golf Club and Rugby Club, The location further benefits from a selection of nearby schools, parks and regularly serviced transport links to the surrounding areas.
We are advised by the vendor that the tenure details are as follows: -
The lease has approximately 145 Years remaining
Service charge of 1,800 per annum
Ground Rent 40 per annum
Short term holiday lets are not permitted
For more details or to arrange a viewing please contact the sales department.
Agents Note: 1. We have not been able to test any equipment/appliances and recommend that any prospective purchasers arrange for a qualified person to check them before entering into any commitment. 2. These particulars are issued on a strictly Private & Confidential basis and on condition that the information given is for private use of the recipient and any professional adviser consulted by the recipient and, further, that any information contained within these Particulars is not divulged to third parties. To comply with the Property Misdescriptions Act of 1991 these Particulars are intended only as a guide and must not be relied upon as a statement of fact. 3. In compliance with the Property Misdescriptions Act 1991 these particulars are prepared for the guidance only of prospective purchasers, they are intended to give a fair overall description of the property or premises concerned but are not intended to constitute part of an offer or a contract. 4. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 5. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise or that any services or facilities are in good working order. 6. Any photographs appearing in the literature may not show all the property and show only certain aspects of the property at the time when the photographs were originally taken. Certain aspects of the property may have changed since the photographs were taken, it should not be assumed that the property remains precisely as depicted in the photographs. Furthermore, no assumption should be made in respect of any parts of the property, which are not shown in the photographs. 7. Any measurements, areas or distances referred to herein are approximate only. If the property is undergoing conversion/refurbishment some changes to size and specification may change. Potential purchasers should satisfy themselves as to the correct dimensions before entering any agreement. 8. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of a part of the property, this is not intended to be a statement that any necessary planning, building regulation or other consents have been obtained. Any intending purchaser must verify these matters. 9. Any statements regarding Leasehold Interests have been prepared with due diligence but we will not necessarily have had sight of original legal documentation. It will be the responsibility of the intended lessee or purchaser to confirm that these details are correct with the vendors or landlords legal representatives. 10. Descriptions of the property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of a statement of fact. 11. If renting a commercial property, you should be aware that the Code of Practice on Commercial Leases in England and Wales strongly recommends that you seek professional advice from a qualified surveyor, solicitor or licensed conveyancer before agreeing or signing a business tenancy agreement. The code is available via the website:
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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