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£170,000
Bedrooms
Bathrooms
An early viewing is recommended to appreciate the well-appointed accommodation offered by this flat, situated on the ground floor of a purpose built development. The centrally heated and double glazed accommodation would benefit a programme of modernisation and briefly includes; communal entrance with the entry phone system, private entrance hall with cloakroom and useful store cupboard, lounge/dining room with sliding patio doors to private patio, kitchen with a range of built-in appliances, two double bedrooms one with built-in wardrobes and bathroom with WC. Lancaster Lodge stands in attractive communal gardens with car parking and a garage. This flat is situated in a much sought after residential location convenient for the nearby facilities of Birkdale village, which include a number of specialty shops, restaurants and wine bars and the railway station on the Southport to Liverpool commuter line. No Chain Delay.
Ground Floor
With communal entrance door and entry phone accessPrivate Entrance Hall
Entry phone handset, tiled flooring and glazed door leads to...Rear Lounge - 4.06m x 4.5m (134' x 149')
Upvc double glazed sliding patio doors to private patio and communal gardens.Kitchen - 3.73m x 2.39m (123' x 710')
Upvc double glazed window overlooks communal gardens to rear. A range of built in base units with cupboards and drawers, wall cupboards and working surfaces. Single bowl sink unit with mixer tap and drainer, part wall tiling and tiled flooring. Appliances include electric oven, four ring ceramic hob and concealed extractor over. Cupboard houses free standing fridge freezer. Separate cupboard houses hot water cylinder and spotlighting.Bedroom 1 - 3.61m x 2.69m (1110' x 810' to rear of wardrobe)
Upvc double glazed window with fitted wardrobes, bedside cabinets with glazed display niches and flyover storage cupboard.Bedroom 2 - 3.61m x 2.51m (1110' to rear of wardrobes x 83')
Upvc double glazed window, fitted wardrobes and vanity mirrored frontage.Bathroom/ WC - 2.29m x 2.82m (76' x 93')
Three piece suite comprising of low level WC, pedestal wash hand basin with tiled splashback and step up to corner panelled bath with mixer tap and shower attachment. Tiled walls, spotlighting and extractor.Outside
The property provides hard surface access leading to rear, partially elevated with garage via up and over door and further communal gardens well screened and hidden to the rear of the garaging with plants, shrubs and trees. We also understand there is a communal storage cupboard located to the top floor of the development.Council Tax
Sefton MBC band C.Tenure
Leasehold for 999 (less 10 days) years from 1 January with a ground rent of 17.50Maintenance
We understand that a residents run management comity have appointed Westbridge Facilities Management supervise the day to day running of the development and the current service charge is payable in the region of 143 per month to include building insurance.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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