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£325,000 Guide Price
Bedrooms
Bathrooms
A luxury penthouse apartment benefitting from two balconies overlooking the river Tone and stunning views towards the Blackdown Hills.
This unique penthouse apartment was constructed in 2014 by Crest Nicholson and spans the whole of the top floor of the building. The property is flooded with natural light and overlooks the river Tone with the therapeutic sound of running water from the weir. The accommodation is presented in excellent order throughout and has been used as a second home since new and has had very little use. In brief the property comprises an entrance hall with a utility cupboard on your right hand side, and a well-appointed family bathroom lies opposite on the left complete with W.C., handwash basin and fitted panel bath with shower over. The main living space is a fabulous open plan room fitted with a modern kitchen containing a number of integral appliances enjoys a Juliette balcony and from the dining area sliding doors give access to a large balcony which faces west, perfect for alfresco dining and summer entertaining. The master bedroom enjoys a dual aspect and has an en-suite shower room with W.C. and handwash basin. There is also a second south facing balcony which is shared with the second bedroom which is also a double. The apartment has an allocated parking for 1 vehicle and access to a shared bin store and bike shed. There is also a communal orchard adjacent to the parking area.
Maintenance work to the roof, gutters, external walls and balconies is scheduled in the near future.
Firepool Lock is located on the northern side of the town and is a short walk to the mainline railway station which has intercity rail links, including fast trains to Bristol, Reading and London. Taunton itself is within walking distance providing easy access to its extensive range of shopping, educational, sporting and cultural facilities, along with easy access to the M5.
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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