2 bedroom house for sale

£200,000

2

Bedrooms

1

Bathrooms

Floorplan


SUMMARY
'' NO UPPER CHAIN '' TOWN CENTRE LOCATION '' SECOND FLOOR OVER 60S RETIREMENT PROPERTY '' LARGER THAN AVERAGE PLOT '' SIZEABLE RECEPTION ROOM '' WELL- APPOINTED FITTED KITCHEN '' TWO DOUBLE BEDROOMS '' GREAT CONDITION THROUGHOUT '' COMMUNAL FACILITIES & OFF-STREET RESIDENTS PARKING ''


DESCRIPTION
'' NO UPPER CHAIN ''
Connells are delighted to offer for sale this larger than average, second floor, over 60s retirement apartment situated close to the town centre of Watford. This property is in great condition throughout and comprises of a sizeable reception room, a well-appointed fitted kitchen, two double bedrooms and a modern shower-room. The development boasts a beautiful communal garden that can be seen from all rooms of the property as well as having residents parking, a communal lounge and laundry room. All of this is located only a stones throw away from Watford Town Centre, Watford High Street Station and other transport links such as bus routes.
For more information or to arrange a viewing, please contact Connells today.

Agents Note
The sale of this property is subject to Grant of Probate. Please seek an update from the branch with regards to the potential timeframes involved.

Communal Entrance
Stairs and passenger lifts to all floors.

Entrance Hallway
Front door, airing cupboard, storage cupboard and doors to all rooms.

Living Room19 4' MAX x 14 9' MAX ( 5.89m MAX x 4.50m MAX )
Window to rear and side aspect, electric heater, feature fire place, television point, telephone point.

Kitchen9 MAX x 5 8' MAX ( 2.74m MAX x 1.73m MAX )
Fitted kitchen comprised of wall and base units with work surfaces and tiling to complement, window to rear aspect, stainless steel sink unit, electric hob with extractor hood, electric eye level oven, plumbing for dishwasher, space for under-counter fridge/freezer.

Bedroom One14 6' x 12 7' MAX ( 4.42m x 3.84m MAX )
Window to side aspect, electric radiator.

Bedroom Two 15 8' x 9 3' ( 4.78m x 2.82m )
Window to side aspect, electric radiator.

Shower Room
Shower cubicle, wash hand basin, WC, heated towel rail and apart tiled walls.

Outside

Communal Facilities
Communal facilities to include residents lounge and laundry room.

Communal Grounds
Well maintained communal gardens.

Residents Parking
Parking spaces for residents.


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

£ 157700

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
    £ 5000
  • 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

£ 7700
  • 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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