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78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
£1,399,999
Bedrooms
Bathrooms
Reception
Entrance Entrance via communal entrance with key fob entrance Private entrance Entrance through composite front door into: Hallway Tiled flooring. Video entry system. Doors to: Storage cupboard Double wooden internal doors into cupboard storage space. Separate w/c Wash basin with mixer taps. Tiled floor and walls. W/C. Primary bedroom Carpeted throughout. Underfloor heating system. Power points. Skirting. Double glazed sliding door to front leading to garden space. Sonos sound system. Internal wooden door to: En-suite Window to rear with panoramic sea views. Built in bath unit with wall mounted taps. W/C. Tiled flooring and walls. Wash basin with mixer taps and built in vanity unit. Walk in rain shower. Heated chrome towel rail. Underfloor heating. Lounge / dining room Double internal wooden doors leading to lounge. Tiled flooring. Underfloor heating. Sliding double glazed doors to front with panoramic sea views to front and side. Power points & TV points. Sonos sound system built into the ceiling. Through to: Kitchen Small bone interiors kitchen with Siemens double oven and grill. Marble counter tops with central island. Simens induction hob with downward extractor built into the counter top. Double glazed windows to front and full height window to side. Quooker instant hot water mixer taps. Siemens refrigerated wine cooler. Pantry 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. Tiled flooring. Bedroom two Carpeted throughout. Skirting. Double glazed windows to front. Power points. Underfloor heating. Wooden internal door into: En-suite Tiled flooring and walls. Mirrored vanity unit. LED spotlighting. Walk in rain shower with textured wall tiles. Wash basin with mixer tap and built in vanity unit. W/C. Double glazed windows to front. Bedroom three Carpeted throughout. Power points. Skirting. Double glazed window to front. Underfloor heating. Wooden internal door into: En-suite Tiled flooring and walls. Underfloor heating. Walk in rain shower with wall mounted taps and textured wall tiles. Wash basin with mixer taps and vanity unit. Mirrored wall mounted vanity unit. W/C. LED spotlighting. Double glazed window to front. Patio Laid to pave patio area ajoining the kitchen and lounge/dining room. Outside power sockets. Wall lights. Spotlighting. 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. Additional information 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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