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£315,000
Bedrooms
Bathrooms
Nestled between Totterdown and Brislington in the wonderful modern development of Paintworks, an area of Bristol containing beautiful, established period properties, new landmark developments and green spaces galore! The nearby parks offer a great escape from the hustle & bustle of the city, the pretty St Mary Redcliffe Cemetery, Arnos Vale Cemetery and Arnos Court Park are all within a short walk. Within the Paintworks there is the ever popular Bocabar serving some of the best pizzas in Bristol and the iconic Airstream Diner, the perfect spots to sit and eat lunch when out for a weekend walk. The increasingly popular Sandy Park Road offers a wide selection of shops and eateries, including Grounded, a Deli and the popular Kin Caf. The area is ideal for commuters with Bristol City Centre and Temple Meads Train Station being a 40 minute and 25 minute walk respectively. Bus links in and out of the city are just at the end of the road on Bath Road.
The modern & stylish apartment is situated on the third floor and benefits from impressive river views. The property would suit someone looking for their first home with accommodation comprising a large entrance hall, which then leads to a perfectly designed living room/kitchen. There is a large storage cupboard in the hallway, which contains the utilities for the apartment and plumbing for a washing machine. The are two generous double bedrooms, with the primary bedroom benefiting from built in wardrobes and an en-suite shower room. The main bathroom has a three-piece white suite including a shower over the bath.
Outside there is a large private balcony with a view over the river, park and trees and there is a parking space in a fob-accessed underground secure car park, which also houses the bike storage.
A stylish property in a vibrant, mixed-use district of town, an early appointment to view is enthusiastically encouraged.
Open Plan Living - 6.64 max x 4.51 (219' max x 149') -
Bedroom One - 3.48 x 3.40 (115' x 111') -
En-Suite - 2.47 x 1.40 (81' x 47') -
Bedroom Two - 3.40 x 2.82 (111' x 93') -
Bathroom - 2.19 x 1.70 (72' x 56') -
Tenure - Leasehold - 999 years from 1 January 2012 until 31 December 3011
987 Years Remaining
Service Charge 5200 per annum
Ground Rent 300 per annum
Council Tax Band - B -
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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