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78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
£1,425,000
Bedrooms
Bathrooms
Reception
Communal entrance Via intercom system into; Communal area Leading to; Private entrance Via front door into; Hallway Storage cupboards, skirting, power points, tiled flooring throughout. Downstairs toilet Low level w/c, sink with mixer taps and built in vanity unit. Wooden look tiled flooring. Underfloor heating. Master bedroom Sliding doors to rear with panoramic sea views, carpeted, door with access to balcony, skirting, spot lighting, built in Small Bone' wardrobes, power points. Underfloor heating. Door with access to; En-suite bathroom Window to rear with panoramic sea views, low level w/c, tiled flooring and walls with marble effect, twin sinks with mixer taps and built in vanity unit, walk in shower, heated chrome towel rail. Electric shaver/toothbrush charging points. Underfloor heating. Bedroom three Windows to front, carpeted, skirting, built in 'Small Bone' wardrobes, power points. Underfloor heating. Door with access to; En-suite bathroom Window to front, low level w/c, tiled walls and flooring with marvel effect, sink with mixer taps and built in vanity unit, bath with shower over head, heated chrome towel rail. Electric shaver/toothbrush charging points. Underfloor heating. Kitchen/lounge/diner Windows to front and rear. Matching array of 'Small Bone' wall and base units with complimentary granite work surfaces. Breakfast bar island. Sliding doors to front with panoramic sea views, tiled flooring throughout, electric inset fire, TV point, skirting, spot lighting, power points. Siemens integrated steamer double oven, Siemens integrated double microwave, double sink with mixer taps and gas controlled automatic Hot Tap which also dispenses filtered cold water, Siemens studio line induction hob, integrated dish washer, power points, granite splash backs, Siemens wine cooler. Rise and fall extractor fan for hob. Electric blinds and curtains controlled via 'Loxone' via a phone app and manually. Underfloor heating. Large Curved glass patio doors to balcony. Secondary door with access to balcony. Utility room Matching array of 'Small Bone' wall and base units with granite work tops. Sink with mixer taps, space and plumbing for washing machine, space for tumble dryer, power points. Underfloor heating. Wooden look tiled flooring. Study Windows to front, wooden look tiled flooring, built in bookshelf units, power points, skirting. Underfloor heating. Bedroom two Windows to front, carpeted, power points, built in ' Small Bone' wardrobes, skirting, spot lighting. Underfloor heating. Door with access to; En-suite shower room Window to front, marble effect tiles and walls, sink with mixer taps and built in vanity unit, walk in shower cubicle, low level w/c, heated chrome towel rail. Electric shaver/toothbrush charging points. Underfloor heating. Wrap around balcony Panoramic sea views of North Foreland beach. Ideal for a seating area to unwind with friends and family. Double garage Ideal for use of storage capacity with an electric operated up and over door. Allocated parking Two allocated parking bays to the front of the double garage. Leasehold information We have been advised by the vendor that this is a leasehold property with 992 years remaining on the lease. We have also been advised by the vendor that the service charge is currently 4318.72 per annum. This includes everything outside of apartment, lift maintenance, all insurance (except personal household items), gardening, window cleaning, communal lighting costs, cleaning in hallway etc areas. Private estate charge We have been advised by the vendor that the private North Foreland Estate charges are 1,081.51 per annum. A new road surface is planned for the Autumn throughout the Estate, the fees will then be re-accessed when final costs are concluded.
New Home: Non New Home
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.
78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
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