3 bedroom apartment for sale

£500,000 Offers in excess of

3

Bedrooms

2

Bathrooms

Floorplan

Foxes Sales & Lettings are delighted to be instructed on this stunning three double bedroom apartment located in one of Talbot Woods most sought after roads.
Extending to approx 1900 sf ft it is rare to find apartments of this size. The apartment occupies the majority of the ground floor of Rockmount which is an imposing traditional style house built in the early 1900s.
As soon as you enter the apartment there is an immediate sense of grandeur and elegance with a simply stunning 30 dining hall. The same style resonates throughout the apartment retaining so many of its original features from high ceilings and ornate coving to wooden floors and large bays with sash windows.
Bedrooms 1 and 2 are incredibly large with one of them opening directly onto a private patio/garden at the back. Bedroom 3 is also a double in size but is currently being used as a dressing room.
The lounge opens into the kitchen with the lounge area having a large bay window overlooking the communal gardens, whilst there is a door leading from the kitchen to an enclosed porch which opens into the gardens.
There are two bathrooms, one of which has a stand alone bath, shower cubicle, WC and wash hand basin, with the other benefiting from a shower, wash hand basin and WC.
Externally the communal grounds are vast and very well looked after. To one corner of the gardens is a large pond with the remainder mainly laid to lawn with mature shrubs, trees and bushes.
This particular apartment has the benefit of a double garage and a car port with parking for two vehicles.
For anyone who is not familiar with the area, Talbot Woods is one of the most exclusive enclaves in Bournemouth. Predominantly the area is home to large expensive houses or bungalows. Dunbar Road offers easy access to Meyrick Park where there is a public golf course and acres upon acres of public open space and woodland walks. Meyrick Park also has a state of the art gym and swimming pool. A pleasant stroll through Meyrick Park and you will come to the town centre and the award winning beaches.
Please call us to book a viewing on this very unique property.
Share of FreeholdMaintenance: 242 per month

Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 40200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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