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26 The Downs, Altrincham
£825,000
Bedrooms
Bathrooms
Set within this highly regarded location is this first floor, substantial mansion style apartment which is set over two floors and offers the prospective purchaser just over 1800 sq. ft. of spacious living accommodation throughout with ample storage space. Ellerslie is a beautiful period conversion, set back behind secure gated grounds and is walking distance to some of Altrinchams extremely sought after schools. This wonderful home is just a short stroll from Altrincham centre and is also conveniently placed for access to Dunham Masseys wonderful national trust countryside. An internal inspection is essential in order to fully appreciate this unique offering!
Once within the handsome main building, this property can be accessed via stairs to an entrance hallway which in turn leads on to the versatile living accommodation. In brief the property comprises: spacious living room, formal dining room/drawing room, impressive kitchen diner with centre island and built to a high specification, separate utility room, downstairs shower room and a well proportioned bedroom. The ground floor accommodation boasts stunning high ceilings throughout. Stairs with galleried landing and large lantern style skylight window provides plentiful natural light.
The first floor comprises; master bedroom with dressing room benefitting from fitted wardrobes and in turn leading to the fabulous en-suite plus a second bedroom with another large en-suite bathroom.
Externally, there are two allocated parking spaces and beautifully maintained gardens surrounding the building. All accessed via secure gates.
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.
26 The Downs, Altrincham
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