2 bedroom apartment for sale

£500,000

2

Bedrooms

2

Bathrooms

Floorplan

Nestled within a highly sought-after and prestigious cliff top development in Craghead and located in Bournemouths popular East Cliff area, this exceptional two double bedroom apartment presents a rare opportunity to acquire a residence boasting unparalleled panoramic sea views. From the iconic Needles on the Isle of Wight stretching across the glistening expanse of Poole Bay to the dramatic Purbeck Hills, the vistas from this property are truly mesmerising and ever changing, providing a stunning backdrop to everyday life.
Upon entering, you are immediately struck by the sense of space and light that permeates this generously proportioned home. The accommodation is thoughtfully laid out, offering spacious reception rooms that provide versatile living areas, perfect for both relaxing and entertaining. Imagine enjoying your morning coffee or an evening sundowner from the comfort of your living room, with the vast seascape unfolding before you.
The heart of this home is undoubtedly the modern kitchen/diner, a beautifully appointed space designed for contemporary living. Featuring high-quality fixtures and fittings, ample storage, and integrated appliances, it offers a superb environment for culinary pursuits and informal dining. The open plan nature ensures a sociable atmosphere, ideal for family life or hosting guests.
This apartment boasts two generously sized double bedrooms. A significant advantage is that both bedrooms benefit from their own en-suite facilities, providing ultimate convenience and privacy for residents and guests alike. These well-appointed en-suites feature contemporary sanitary ware and elegant finishes, enhancing the luxurious feel of the property.
One of the standout features of this magnificent apartment is the south facing balcony. This private outdoor space is an idyllic spot to soak up the sunshine, enjoy al fresco dining, or simply marvel at the spectacular coastal scenery. Its south facing orientation ensures maximum sunlight throughout the day, creating a bright and inviting extension to the indoor living areas.
Residents of this exclusive development benefit from a range of superb communal facilities designed to enhance a luxurious lifestyle. A dedicated caretaker service ensures the smooth running and pristine upkeep of the development, offering peace of mind and convenience. For leisure and relaxation, there is access to a communal swimming pool, perfect for a refreshing dip or a leisurely swim. Furthermore, the property includes a valuable lock-up garage, providing secure parking and additional storage space, a highly sought after amenity in this prime location.
Situated in Craghead, Bournemouth, the apartment enjoys excellent access to the towns vibrant amenities, including its award-winning sandy beaches, diverse range of shops, restaurants, and cultural attractions. The area is also well served by transport links, making it an ideal base for exploring the wider Dorset coastline and beyond.
This exceptional apartment offers a unique blend of luxurious living, breathtaking views, and unparalleled convenience, making it an ideal home for those seeking a prestigious coastal lifestyle.
Share of FreeholdCouncil Tax Band: F


Features
  • Freehold

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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

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Annual ROI

%

Annual Rental Profit

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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

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£

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.

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

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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Final Property Value

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