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£105,000
Bedrooms
Bathrooms
Reception
Cozyhomes4u Ltd are Delighted to Offer this Spacious, Two Bedroom, Ground Floor Apartment Located in a Popular Residential Area, Close to Town Centre Amenities and Major Motorway Networks.
The Apartment has been Well maintained by its Current Owner and Benefits from NO VENDOR CHAIN
The Apartment Briefly Comprises:-
COMMUNAL ENTRANCE HALL
ENTRANCE HALL
Entrance Hall with Ceiling Point, Laminate Floor Covering, Built in Cupboard Housing Electric Boiler and Electric Radiator.
LOUNGE 4.45m x 3.51m
Spacious Lounge withThree UPVC Double Glazed Windows to the Front Elevation, Ceiling Point, Feature Marble Fire Surround with Inset Coal Effect Inset Fire, Carpeted Floor and Electric Radiator.
KITCHEN 2.27m x 1.76m
Modern Fitted Kitchen with Grey Laminate Effect Wall and Base Units and Complementary Work Surfaces. Integrated Electric Hob, Integrated Electric Oven and Extractor. Plumbing for Automatic Washing Machine, Space for Fridge / Freezer and Stainless Steel Sink Unit with Chrome Mixer Tap. Ceiling Point, Part Tiled Splash Backs, Vinyl Floor Covering and Kick Space Heater.
BEDROOM ONE 3.21m x 2.98m
Two UPVC Double Glazed Windows to the Side and Rear Elevations, Ceiling Point, Carpeted Floor and Electric Radiator.
BEDROOM TWO 2.99m x 1.93m
UPVC Double Glazed Window to the Rear Elevation, Built in Wardrobe, Ceiling Point and Electric Radiator.
BATHROOM
UPVC Double Glazed Window to the Rear Elevation, Modern family Bathroom Comprising of Low Level W.C., Hand Wash Basin and Panel Bath with Mains Fed Shower Over, Part Tiled Walls, Vinyl Floor Covering, Ceiling Point and Electric Radiator.
ENERGY PERFORMANCE RATING: C
TENURE: LEASEHOLD ( APPROX 138 YEARS REMAINING TBC )
COUNCIL TAX BAND: B
MONTHLY SERVICE CHARGE: ?64.00 PCM
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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