2 bedroom flat for sale

£255,000

2

Bedrooms

1

Bathrooms

Floorplan

Found on the first floor of this well-presented development, this vacant apartment offers two-bedroom accommodation and is for sale with no onward chain. Offering parking to the rear, residents can also enjoy the lovely communal grounds all within easy level walking distance to the beach and village amenities. This property has been recently re-painted and fitted with new carpets in the hallway, both bedrooms and the living room, while the bathroom now has new vinyl laid.

Available with no onward chain, The bedrooms comprise a double bedroom with built-in wardrobe and a smaller second bedroom, both overlooking the gardens to the rear of the property. In addition to the two bedrooms there is a kitchen, bathroom and generous living room to the front- which also allows access to a balcony. This property, with a little light refurbishment, has huge potential and is ideally suited as a first-time purchase or for buyers seeking ease of access to the local amenities and beach

As mentioned, Harbour Court has private, communal gardens which are well cared for and well planted. The parking - gold dust in a seaside village - is unallocated and there are a number of spaces for visitors.

Viewings are highly recommended to appreciate the space on offer and its convenience.

Tenure : Leasehold

Charges as always, we recommend buyers verify these with their solicitor upon commencement of a sale:
Maintenance Charge: 185.00 Per month.
Years Left: 964

Please note: We have not seen the lease in its entirety and unaware of any restrictions or covenants which may apply. Please ensure your legal representative checks all documents upon agreeing a purchase.

Broadband : Standard OR Superfast 15mbps to 80mbps download speeds (Source OFCOM LINK : )

Mobile Availability - Source OFCOM - Prediction, not a guarantee Indoor limited / likely, Outdoor Likely (LINK : )

Council Tax C

We understand the property has mains water supply and mains drainage. There is also electric heating.

Consumer Protection from Unfair Trading Regulations 2008.

WE STRONGLY advise all parties to confirm and check title documents, build warranties, services / utilities and any covenants which may or may not apply, immediately after agreeing a purchase. Our adverts do not form part of a contract and must NOT be relied upon. All buyers MUST also VERIFY the Council Tax band and broadband speeds to satisfy themselves rather than rely on our information which is subject to change.

Goundrys have 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. Measurements are a GUIDE ONLY. 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.

Bedroom - 3.13m x 2.09m (103' x 610')

Bedroom - 3.23m x 3.24m (107' x 107')

Bathroom - 2.29m x 2.05m (76' x 68')

Kitchen - 3.18m x 2.25m (105' x 74')

Living Room - 4.16m x 5.47m (137' x 1711')

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 213075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 21825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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