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£185,000
Bedrooms
Bathrooms
Spacious first floor apartment exclusively for the over 55s with two double bedrooms including one en-suite situated in the heart of Seaton.
20 Haven Court is a spacious two-bedroom first floor apartment occupying the corner of a well-maintained development for over 55s in the centre of Seaton. Built to a high standard by McCarthy & Stone in 2002, the apartments are a stones throw away from the towns amenities and beach and include substantial communal areas including residents lounge and kitchen area, laundry room, refuse room, lift and landscaped gardens.
The property benefits from electric heating, alongside a care-line system with call points in the bedroom, bathroom, kitchen, living room and hallway to the house manager.
On entering the property via the private front door, the hallway provides access to all the accommodation alongside plentiful storage with three cupboards one of which houses the hot water tank.
The spacious living room has multiple aspects with a Juliet balcony overlooking the Underfleet with views across the town toward Axe Cliff and the surrounding countryside. Double doors open into the adjoining kitchen which is fully fitted with a range of matching base and wall units, laminate worktops and sink alongside freestanding tall fridge freezer, freestanding dishwasher and integrated oven with ceramic hob and extractor above.
Bedroom 1 is a large bedroom with built in wardrobes with mirrored concertina doors alongside an adjoining en-suite shower room which is fully tiled with laminate flooring, vanity unit with wash hand basin and WC. Bedroom 2 is also a well-proportioned double room with built in wardrobe and Juliet balcony overlooking Harbour Road.
There is also a fully tiled bathroom with laminate flooring, vanity unit with wash hand basin, WC and bath with shower over.
Parking: There is allocated parking subject to availability.
Tenure : We are advised the property is leasehold with a 125-year lease which commenced 01.07.2002.
Ground Rent: Approximately 410 per annum- paid in two instalments of 205 due March 1st and September 1st
Maintenance and Service Charges: Monthly instalments of 294.81 (can be paid half yearly) to include the maintenance and upkeep of the building and all communal areas, use of communal facilities including laundry room and refuse, emergency alarm system, buildings insurance and staffing costs/house manager.
Council Tax: We are advised that this property is in Council Tax Band C. East Devon District Council.
What3Words: ///splints.legwork.serve
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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