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169/171 High Street, Tonbridge Kent
£120,000 Guide Price
Bedrooms
Bathrooms
Nestled in the heart of Tonbridge on Medway Wharf Road, this modern bright and airy ground floor retirement flat presents an excellent opportunity for those seeking a comfortable and convenient living space. The property features a welcoming communal entrance hallway, with resident lounge, managers office and communal toilet and leads to both stairs and a lift, ensuring ease of movement throughout the building.
Upon entering the flat, you are greeted by a spacious entrance hallway, which includes a built-in deep airing cupboard for added storage. The lounge and dining area, measuring an impressive 229' by 108' at its maximum, offers a bright and airy space perfect for relaxation or entertaining guests. Adjacent to this, the well-appointed refurbishd kitchen, measuring 74' by 70', is equipped with fitted base and wall-mounted units, along with high-quality AEG appliances, including an oven, microwave, and electric hotplate, complemented by a built-in fridge and freezer.
The bedroom is generously sized at 156' by 94' and features a built-in double mirror wardrobe cupboard, providing ample storage for your belongings. The bathroom is fitted with a refurbished modern white suite, comprising a WC, wash hand basin, and a panelled bath with a shower attachment, ensuring both style and functionality.
This property is designed with communal facilities that enhance the retirement lifestyle, offering a supportive and friendly environment. With its prime location and thoughtful layout, this flat is an ideal choice with no forwarded chain.
Property Summary - Features:
Communal Areas:
Ground floor communal entrance hallway with access to stairs and lift
Entrance through Ground floor Front Door
Entrance Hallway with built in deep airing cupboard
Comprising Lounge/ dining room 229 x 108 max
Kitchen 74 x 70 max with fitted base and wall mounted kitchen units, built in AEG oven, AEG Microwave, AEG electric hotplate with built in Fridge and built in Freezer
Bedroom 156 max x 94 , built in double mirror wardrobe cupboard
Bathroom White suite comprising WC, Wash hand basin, Panelled bath with Shower attachment over
The property offers communal facilities designed to support a comfortable and convenient retirement lifestyle.
Property Notes - It is a condition of purchase that residents be over the age of 60 years, or for couples that one person is over the age of 60, and the other is over the age of 55
Holmes Court Facilities The building benefits from a residents lounge, communal laundry, guest suite, Development Manager, 24-hour emergency call system, lift to all floors, and a communal satellite dish (additional fees apply for Sky TV).Lease, Service Charge & Ground Rent tbc
Agents Note - Maintenance fees:
Half-yearly service charge approx. 1600 (First Port)
Half-yearly rent approx. 215 (Estates & Management Limited)
TBC Leasehold Lease Start Date BETA 25 Jul 2008
Lease End Date BETA 01 Feb 2133
Lease Term BETA 125 years from 1 February 2008
Lease Term Remaining BETA 108 years
Local Authority Kent
Council Tax Band: D
Annual Price: 2,266
Conservation Area No
Flood Risk Medium
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.
169/171 High Street, Tonbridge Kent
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