2 bedroom flat for sale

£385,000

2

Bedrooms

1

Bathrooms

Floorplan

Two double bedrooms | Stunning views from the balcony | Allocated parking | Lift access | Modern dcor throughout | Amenities on your doorstep | Fantastic public transport links nearby | EPC: B | Council tax band: C | Lease: 143 years remaining | Service charge: 1261pa | Ground rent: 300pa

Welcome to Landmark House, this stylish two-bedroom apartment, situated on the fifth floor, offers a modern living experience with lift access and breathtaking views from the south-west facing balcony. Spanning an impressive 656 square feet, this property is designed for both comfort and convenience. As you enter, you are greeted by a spacious reception room that seamlessly flows into a contemporary kitchen. The kitchen is equipped with a range of high-quality gloss-finish base and wall units, featuring essential appliances such as a dishwasher, washing machine/tumble dryer, oven, electric hob, and an integral refrigerator/freezer. This well-appointed space is perfect for those who enjoy cooking and entertaining. The apartment comprises two well-sized bedrooms, providing ample space for relaxation and rest. The modern bathroom is located at the bottom of the hallway. Location is key, and this property does not disappoint. Just a five-minute walk from Debden Central Line station, commuting to London and beyond is a breeze. Additionally, with convenient motorway access and a variety of amenities right on your doorstep, including gyms and leisure centres, you will find everything you need within easy reach. Loughton High Street is merely a two-minute drive away, offering a delightful selection of shops, cafes, and restaurants. Externally, the property benefits from one allocated parking space, adding to the convenience of urban living. This apartment is an ideal choice for professionals, couples, or small families seeking a modern lifestyle in a vibrant community. Do not miss the opportunity to make this exceptional flat your new home.



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

£ 320325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 9625
  • 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

£ 31575
  • 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

Adjust these figures

  %

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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