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£120,000
Bedrooms
Bathrooms
Goodchilds are pleased to offer for sale this two-bedroom ground-floor apartment that nestled in the bustling heart of the town centre and located on a secure development.
Key Features:
Prime Location: Enjoy the convenience of being at the epicentre of town centre living. Indulge in the vibrancy of local transport links, restaurants, and shops just steps away, while maintaining a peaceful retreat in your secure haven.
Contemporary Design: Step into a space where modern design meets practicality. The open-plan layout seamlessly connects the living and kitchen areas, creating an inviting atmosphere for both relaxation and entertaining.
Two Bedrooms, Endless Possibilities: The two generously sized bedrooms offer flexibility for a variety of lifestyles whether you are a couple seeking a guest room or a professional looking for a home office. Ample natural light enhances the warm and welcoming ambiance.
Secure Parking: Your convenience is our priority. Benefit from secure parking facilities, providing ease of access and peace of mind for your vehicle.
Proximity to Amenities: With schools, parks, and public transport all within reach, this apartment offers the perfect balance of city living and suburban convenience.
Lease Information:
Lease length -125 years from 1 January 2003 with 999 years holds one share inTanners Court (Walsall) Management Company Ltd.
Service Charges - 2067.73
Ground Rent Charges - Nil (Share of Freehold)
EPC rating: C. Tenure: Leasehold,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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