2 bedroom apartment for sale

£200,000

2

Bedrooms

1

Bathrooms

Floorplan

HOUSE & SON Two Bedroom First Floor Flat - Long Lease, Garden & Potential Parking - Osborne Road, BH9

Set in a popular and well-connected spot, this bright and tidy two-bedroom first-floor flat is offered with an extended lease (approx. 188 years), and a private garden section. Theres also potential for off-road parking (subject to a dropped kerb), making it a smart choice for first-time buyers, downsizers or investors.

Highlights:
Spacious lounge with bay window (141' x 116')

Fitted kitchen/diner with space for table & appliances

Two bedrooms - double and single with storage

Bathroom with mixer shower tap

Gas central heating (combi boiler, 2018)

Double glazing throughout

Gardens front and rear

Allocated section of rear garden

Lease: Approx. 188 years remaining

Council Tax Band A

Approx. 55 sq m (592 sq ft)

Inside:
Entered via a shared porch, stairs lead to a private hallway. The lounge is bright with a bay window and fireplace. The kitchen has units, an integrated oven/hob, space for white goods and a table and chairs. The main bedroom overlooks the garden, while the second bedroom makes a great office or guest space. The bathroom includes a bath with a mixer tap, a basin and WC.

Outside:
The front garden is laid to hardstanding. A gated path leads to a shared area and the private rear garden section, ideal for relaxing or growing your own.

Tenure:
Leasehold - Approx. 188 years remaining from December 1983
Ground Rent: Peppercorn
Maintenance: Shared as required with the ground floor flat
EPC Rating: D | Council Tax Band: A


HOUSE & SON

LIVING ROOM 14 1' x 11 6' (4.29m x 3.51m)

KITCHEN/DINING ROOM 11 0' x 10 7' (3.35m x 3.23m)

BEDROOM ONE 12 0' x 11 5' (3.66m x 3.48m)

BEDROOM TWO 8 5' x 5 3' (2.57m x 1.6m)

BATHROOM

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

£ 157700

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 5000
  • 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

£ 7700
  • 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

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  %

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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