3 bedroom apartment for sale

£525,000

3

Bedrooms

3

Bathrooms

Floorplan

HOUSE & SON: A spacious three bedroom, twin balcony apartment which benefits from fine sea views; forming part of the well renowned East Cliff development of Green Park, with beautifully landscaped gardens. Situated in a highly sought after location and being just a short walk from the beautiful sandy beaches; there are pleasant walks to enjoy along the Overcliff, with bench seating looking out to sea. There are access paths down to Bournemouth Pier Approach and beach, leading into Bournemouth Gardens and the towns shopping centre.

There are attractive communal entrances, with lifts and stairs providing access up to the apartment.

Internally, the accommodation feels spacious, with over 1100 square feet of living space. This popular style of apartment features two large open sun balconies. The south-westerly aspect balcony, accessed from the living room enjoys far reaching sea views towards Bournemouth, across Poole Bay and over to the Purbecks and Old Harry Rocks.

The entrance hall is large, with ample built in storage cupboards. The modern fitted kitchen/dining room enjoys fine south westerly sea views and has built-in appliances; a dividing archway separates the two areas, creating a decent space for a dining table suite. The three bedrooms are all good size; the master bedroom features a second open sun balcony and also a fully modernised luxury ensuite shower room. Usefully there is a separate full family bathroom and a third WC in a separate cloakroom.

Further benefits include: Remainder of a 999 year Lease and a Share of Freehold; secure underground parking with car parking space & ample visitors parking in the surface area car park. Residents also enjoy the services of a Resident Manager.

Offered with no forward chain.

COMMUNAL ENTRANCE

ENTRANCE HALL 28 2' x 3 10' (8.59m x 1.17m)

LOUNGE 23 1' x 13 2' (7.04m x 4.01m)

BALCONY ONE

DINING ROOM 10 8' x 10 1' (3.25m x 3.07m)

KITCHEN 10 8' x 9 6' (3.25m x 2.9m)

BEDROOM ONE 12 4' x 10 8' (3.76m x 3.25m)

ENSUITE 10 6' max x 6 0' (3.2m x 1.83m)

BALCONY TWO

BEDROOM TWO 11 0' x 9 9' inc ward (3.35m x 2.97m)

BEDROOM THREE 12 9' x 6 10' (3.89m x 2.08m)

FAMILY BATHROOM 7 1' x 6 4' (2.16m x 1.93m)

CLOAKROOM / WC 6 0' x 3 0' (1.83m x 0.91m)

COMMUNAL GARDENS Green Park is set within well-maintained communal grounds and has a resident facilities manager. A driveway from Manor Road leads to an area of surface level parking for visitors.

UNDERGROUND ALLOCATED PARKING A separate driveway leads to the secure underground car park, where a space is allocated to this apartment.


TENURE & CHARGES Leasehold with a Share of Freehold - Remainder of 999 years from 2003

Service Charges - Approx 1233 Per Quarter
Last Section 20 Notice for improvement works has been paid by the Seller (approx. contribution 24,500) Works scheduled during early 2024.

Ground Rent - Peppercorn

EPC: C

Council Tax Band: G

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

£ 435825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 13125
  • 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

£ 42075
  • 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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