2 bedroom flat for sale

£375,000

2

Bedrooms

1

Bathrooms

Floorplan


SUMMARY
'' SECOND FLOOR APARTMENT '' MODERN THROUGHOUT '' OPEN PLAN LIVING ACCOMMODATION '' TWO DOUBLE BEDROOMS '' MODERN FITTED KITCHEN '' UTILITY CUPBOARD '' LIFT ACCESS '' LONG LEASE '' SECURE ALLOCATED PARKIN '' CLOSE TO SHOPS, AMENITIES & TRANSPORT LINKS '' IDEAL FOR FIRST TIME BUYERS AND INVESTORS ''


DESCRIPTION
Connells are pleased to bring this beautifully presented second floor apartment to the market that is situated within walking distance to Watford Town Centre and Watford Junction. The property comprises of an open plan living area and modern fitted kitchen, two double bedrooms as well as a family bathroom suite. Benefits include a separate utility cupboard, a long lease, lift access, access to the well-maintained communal gardens, still being under the NHBC warranty as well as a secure allocated parking space.
Ideal for first time buyers and investors, the property is also conveniently located with access to several transport links including Watford Junction station that provides direct links into London Euston as well as the A41, M1, M25 motorways. The vibrant Watford High Street and Shopping Centre is just a short walk away providing numerous shops, eateries, amenities, entertainment and recreational facilities.
For more information or to arrange a viewing, please contact Connells today.

Entrance Hall
Front door, storage cupboard, utility cupboard.

Utility Cupboard
Plumbing for washing machine.

Living / Dining Room 20 MAX x 9 9' MAX ( 6.10m MAX x 2.97m MAX )
Open plan lounge and kitchen, window to rear aspect, television point, telephone point, radiator.

Kitchen 9 x 7 ( 2.74m x 2.13m )
Contemporary fitted kitchen comprised of wall and base units with work surfaces to complement, sink with mixer taps, electric oven and hob with extractor hood, integrated dishwasher and fridge/freezer, breakfast bar.

Bedroom One11 3' MAX x 10 5' MAX ( 3.43m MAX x 3.17m MAX )
Window to side aspect, radiator.

Bedroom Two 13 MAX x 7 5' MAX ( 3.96m MAX x 2.26m MAX )
Window to side aspect, radiator.

Bathroom
Bath with mixer taps and overhead shower, glass shower screen, wall mirror, WC, wash hand basin, tiled.

Outside

Communal Gardens
Well-maintained communal gardens.

Parking
One allocated parking space.


We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.



1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

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

£ 312075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 9375
  • 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

£ 30825
  • 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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