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£319,000
Bedrooms
Bathrooms
A two double bedroom two bathroom apartment, originally the developments show-home, situated on the ground floor with doors leading to a small private terrace.
The property has a living space which is open plan to the fitted kitchen which also has french doors leading to the small private patio. The kitchen comes fitted with all normal appliances. The property features two double bedrooms one with the benefit of its own ensuite shower-room. The property has gas central heating, double glazing and covered and allocated parking for 1 car.
Sedgwick Place is part of the Pumphouse Crescent development which is only 0.1 mile to Watford High Street Station and the busy Town Centre High Street. Watford Junction Station is a only 1.0 mile or accessible on the main line just one stop from the High Street Station.
ACCOMMODATION Entrance HallLiving RoomFrench doors to Patio areaOpen Plan Fitted KitchenDouble BedroomEnsuite Shower RoomDouble BedroomFamily BathroomSmall Private Patio areaAllocated Parking SpaceLease 125 years from 1st June 2010, leaving approx. 112 year remainingGround Rent250.00 per annum for the duration of the remaining term of leaseService ChargesService charge year runs form 1st January to 31st DecemberCharges for 2023 1829.10
Map location is not available for this property.
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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