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£175,000
Bedrooms
Bathrooms
Fabulous 2 Bed Retirement Apartment' Beautifully Presented' Spacious' Wonderful Facilities' Great Location'
Accommodation Comprises, Entrance Hall,Lounge/Diner, Kitchen, Bedroom 1,2, Wet Room/Bathroom.
This lovely First floor apartment is beautifully decorated and maintained. Benefiting from generous room dimensions and excellent storage throughout.
. Located in the highly regarded King Richard Court development, An over 55 development. The apartment comes with full access to the many facilities/Communal areas offered and of course the wonderful staff. The facilities Include, a Cafe, Conservatory, Library , Gardens. Guest Suite. Utility Room.
For those wishing to socialise, or perhaps try a new activity there are plenty of regular events. Service Charge & ground rent 750 Per Month.(9,000 per annum)
Excellent amenities nearby Include, Doctors Surgery, Dentist and Chemist. A local Tesco Express, Hairdressers, Public House/Restaurant and takeaways. Bus stop. All within a short walk.
Hallway
Lounge/Diner - 183' (5.56m) x 93' (2.82m)
Kitchen - 136' (4.11m) x 66' (1.98m)
Bedroom One - 139' (4.19m) x 99' (2.97m)
Bedroom Two - 126' (3.81m) x 93' (2.82m)
Bathroom/Wet Room - 76' (2.29m) x 610' (2.08m)
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
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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