4 bedroom apartment for sale

£550,000

4

Bedrooms

3

Bathrooms

Floorplan

House and Son Property Overview:
This unusually large second-floor south-facing apartment in Albany is a unique opportunity to own a spacious home while enjoying a breathtaking position by the sea, being situated on Bournemouths sought-after East Cliff.
Location Highlights:
-Renowned for its lifestyle amenities, Albany offers 24-hour concierge services and high levels of security.
-Beautifully maintained gardens and grounds enhance the living experience.
-The building is well-managed by a dedicated residents committee.
-Convenient pedestrian access to the Overcliff and miles of golden sandy beaches.
-A scenic promenade leads to Bournemouth town centre, offering shopping, entertainment, and leisure facilities.

Property Details:
-Floor: 2nd (accessible by passenger lift and stairs)
-Views: Outstanding garden views and sea glimpses from the south-facing balcony.
-Accommodation:
Reception Hallway
Spacious double aspect Sitting/Dining Room
Fully-fitted Kitchen
Main Bedroom with Dressing Area and En-suite Shower room
Two additional Double Bedrooms
Bathroom
Cloakroom/Shower Room
Study/Bedroom Four
Large enclosed Balcony with impressive views

Amenities:
-Two lifts per floor plus a service lift
-Secure underground parking
-Porter services
-Beautifully manicured gardens and grounds

This property offers a rare chance to invest in a prominent cliff-top position, combining comfort, security in one of Bournemouths most iconic buildings.


ENTRANCE HALL 20 7' x 5 1' (6.27m x 1.55m) plus recess 2 9' x 2 9' (0.84m x 0.84m)

LIVING ROOM 37 5' x 13 5' (11.4m x 4.09m) narrowing to 12 10' (3.91m)

KITCHEN 12 5' x 9 2' (3.78m x 2.79m)

BALCONY 27 6' x 5 3' (8.38m x 1.6m)

INNER HALLWAY 10 6' x 5 7' (3.2m x 1.7m) narrowing to 3 1' (0.94m)

BEDROOM ONE 17 10' x 11 7' (5.44m x 3.53m)

ENSUITE 9 11' x 6 5' (3.02m x 1.96m)

DRESSING AREA 5 2' x 4 6' (1.57m x 1.37m) plus built in wardrobes

BEDROOM TWO 14 6' x 9 11' (4.42m x 3.02m)

BEDROOM THREE 11 8' x 9 0' (3.56m x 2.74m)

BEDROOM FOUR / STUDY 9 8' x 7 7' (2.95m x 2.31m)

SHOWER ROOM 7 5' x 3 5' (2.26m x 1.04m)

CLOAKROOM 4 7' x 3 1' (1.4m x 0.94m)

UNDERGROUND GARAGE - ALLOCATED PARKING SPACE


LANDSCAPED GARDENS

TENURE AND CHARGES Tenure: Leasehold - 978 years remaining, with a Share of Freehold
Ground Rent: Peppercorn
Service Charges: Please ask the Agent
EPC Rating:TBA
Council Tax Band: F

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

£ 456450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 13750
  • 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

£ 43950
  • 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

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£
  %

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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