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£190,000
Bedrooms
Bathrooms
IMMACULATELY PRESENTED, SPACIOUS 1 BEDROOMED LUXURY APARTMENT NESTLED AWAY IN HELMSHORE. FANTASTIC SOUTH FACING VIEWS OVER NEIGHBOURING COUNTRYSIDE.
Entrance to the apartment is via a key fob or via an intercom system, this leads you into a very large communal seating area, up one flight of stairs or lift is the first floor level apartment.
The home boasts a spacious open plan lounge kitchen with large picture windows overlooking neighbouring countryside and the river.
Theres plenty of storage space as the apartment, has 3 separate storage rooms, one of the storage rooms is large enough as a small office nook. This home is in perfect condition and the shower and kitchen appliances have had very little use.
LOUNGE
Spacious lounge room with large triple glazed windows.
KITCHEN
Modern gloss white units with integrated appliances such as, fridge, freezer, single electric oven with a 4 ring electric hob, washer and a dishwasher, 1 1/2 stainless steel sink.
MASTER BEDROOM
Double bedroom with built-in units and triple glazed window.
BATHROOM
Modern matching 3 piece bathroom suite with shower over the bath. Heated towel rail and floor to ceiling tiles.
STORAGE ROOM 1
Located outside the lounge, ideal for pantry style storage or even a small office nook.
STORAGE ROOM 2
Storage space with the condensing boiler housed.
STORAGE ROOM 3
Outside the bathroom, this storage space is ideal space for a cloakroom.
EXTERNALLY
To the ground floor you have a private parking space, and a communal bin area. The gas, electric and water meters are all stored to the ground floor within the car parking area.
SECURITY GATES
The gates to the building are controlled via a remote control key fob.
COUNCIL TAX
We can confirm the property is council tax band B - payable to Rossendale Borough Council.
TENURE
We can confirm the property is Leasehold.
SERVICE CHARGE
Circa 140 per month.
PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property).
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.
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