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26 The Downs, Altrincham
£200,000
Bedrooms
Bathrooms
Beautifully presented ground floor apartment with allocated parking in a sought-after development within convenient reach of local amenities. With one double bedroom, a utility area and a kitchen/diner, this property is ideal for a wide range of buyers and is situated in a highly sought after location.
Situated in the sought-after location of Heathermount, Altrincham, this stunning property is within convenient reach of various local amenities, such as Waitrose and Bramley Farm restaurant, as well as renowned local schools. It is a beautifully presented ground floor apartment which offers a perfect blend of comfort and style.
Boasting one spacious double bedroom, a modern bathroom, and a welcoming reception room, this property is ideal for individuals or couples looking for a cozy living space. The apartment is part of a well-maintained development of six apartments, providing a sense of community and security. The property also benefits from an ample storage space in the entrance hall, suitable for a washer dryer.
The property features allocated parking for convenience and communal storage space for added practicality. This apartment offers great value for its prime location and attractive features.
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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