3 bedroom flat for sale

£365,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

The highly sought-after apartments at Gilmerton Court were built in the 1960s around a handsome quadrangle and were designed by renowned Cambridge architect and illustrator Peter Boston who was responsible for some of the significant Modern College buildings of the time.

The prominent architectural feature of the apartment is the broad, wall-to-wall windows that fill the generous rooms with light, without compromising privacy as some floor-to-ceiling windows can. The accommodation briefly comprises a large entrance hall with two large cupboards providing excellent storage.

The dual-aspect living/dining room is over 30ft long and benefits from a sliding door onto the balcony. The kitchen overlooks the communal gardens and has been fitted with a range of base and wall-mounted units with additional space for an oven with extractor over, washing machine, dishwasher and fridge/freezer.

Two of the bedrooms are doubles and have built-in wardrobes while the third makes a single bedroom, that could be used as a bright home office/study. The bathroom completes the accommodation and has been fitted with a white three-piece white suite with an electric shower over the bath.

The property has use of the attractive, well-maintained communal gardens. There is a secure ground floor storeroom for the flat, suitable for bicycles etc as well as residents parking on a first come basis and single garage.

Gilmerton Court stands at the corner of Long Road and Trumpington Road within half a mile of Trumpingtons excellent facilities and with easy access to the City, Addenbrookes and all major Road links.

Trumpington is a thriving, fast-growing part of the city that still manages to retain its village identity and sense of community. It is exceptionally well located for access into the Addenbrookes campus, out to the M11 and into the city by car, bus, guided bus or one of a few purpose-built cycle routes.

The citys mainline station can be easily reached along the guided busway cycleway without having to mix with car traffic at all. Another new railway station, Cambridge South is currently under construction and is due to be completed in 2025, close by on the Addenbrookes/Biomedical Campus.

The area has three primary schools and a state-of-the-art secondary school built in 2016 with excellent sporting facilities. Many of the citys finest private schools are within easy cycling distance. There are also various restaurants, pubs, shops, a post office, a barber, GP surgery, a pharmacy, a library and a community centre. There is a major Waitrose supermarket and a Sainsburys local.

Trumpington Meadows Nature Reserve links Trumpington through to Byrons Pool and Grantchester and there is a second country park between Trumpington and the Addenbrookes campus. Various bridleways and footpaths lead immediately out into the countryside towards Harston, Haslingfield, Barton and Grantchester.

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

£ 303825

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
    £ 9125
  • 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

£ 30075
  • 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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