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£190,000
Bedrooms
Description
Offered to the market with No Onward Chain is this two Double bedroom First Floor apartment benefitting from having views over Truro City. The accommodation comprises of a communal hallway with stairs and lift. The apartment has an entrance hall leading to the following accommodation: A spacious, light and airy dual aspect open plan style living room with a modern fitted high gloss kitchen, from here are views over Truro City. The 2 Double bedrooms are of a generous size with views over the communal lawn area. There is a modern bathroom fitted with a white suite. Also there is double glazing, gas central heating and a private parking space.
Location
The property is conveniently situated for the supermarket and also for the mainline railway station connecting to London Paddington. Truro city centre itself has a wide range of amenities which include shops, schools, restaurants and bars, as well as being the home for the Hall For Cornwall. Conveniently positioned for The Royal Cornwall Hospital, Truro College, Richard Lander Secondary School and Bosvigo Primary School.
Communal Entrance
Having individual post boxes for each apartment, stairs to upper floors and lift.
Entrance Hall
Open Plan Living/Kitchen - 6.88m x 3.86m (227' x 128')
Bedroom - 3.38m x 3.23m (111' x 107')
Bedroom - 3.35m x 3.07m (110' x 101')
Bathroom - 2.03m x 0.15m (68' x 06')
Outside
Parking space for 1 vehicle
Agents Information
Tenure: Leasehold
EPC: B
Council Tax: Band C
Lease Commenced: 1/01/2007 999year lease
Service Charges: 1,260 PA
Ground Rent: 200 PA
Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. Measurements are a guide only. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
ANTI-MONEY LAUNDERING REGULATIONS - Purchasers
It is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperation on this matter to ensure there is no unnecessary delay in agreeing a sale. We will inform you of the process once your offer has been accepted.
PROOF OF FINANCE - Purchasers
Before agreeing a sale, we will require proof of your financial ability to purchase. Again, we ask for your cooperation on this matter to avoid any unnecessary delays in agreeing a sale and we will inform you of what we require prior to agreeing a sale.
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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