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£695,000
Bedrooms
Bathrooms
A beautifully presented ground floor purpose built apartment which offers light and spacious living accommodation throughout. The property comprises large lounge/diner, well arranged fitted kitchen, three excellent sized bedrooms (one with balcony), family bathroom, shower room with utility area and large walk in storage cupboard. The property also benefits from entryphone system, double glazed windows, wood flooring, well maintained communal gardens, and a garage in a separate block.
INNER LOBBY AREA Coved ceiling, wood flooring, door to:
ENTRANCE HALL Coved ceiling, wood flooring, wall mounted thermostat, entryphone, radiator, large walk in storage cupboard
LOUNGE Coved ceiling, wood flooring, built in bookshelves, double glazed windows, radiator, access to:
KITCHEN Double bowl stainless steel sink unit with mixer tap, range of fitted wall and floor units, built in Kenwood four ring electric hob with fan assisted oven below and extractor hood above, space for dishwasher, space for fridge freezer, corner cupboard with wall mounted combination boiler, tiled splashbacks, tiled flooring, natural light via double glazed window
FAMILY BATHROOM White suite comprising panelled bath with grab rails, chrome mixer tap and shower attachment, wall mounted wash hand basin, low level W.C., heated towel rail, part tiled walls, tiled flooring, natural light via double glazed window
SHOWER ROOM Tiled shower cubicle with wall mounted thermostatically controlled shower, wall mounted wash hand basin, low level W.C., heated towel rail, integrated mirror, part tiled walls, tiled flooring, cupboard with plumbing for washing machine and space for tumble dryer
BEDROOM 1 Coved ceiling, wood flooring, double glazed window, radiator, built in wardrobes with top storage
BEDROOM 2 Coved ceiling, wood flooring, double glazed window, radiator
BEDROOM 3 Coved ceiling, wood flooring, double glazed sliding door to balcony, radiator
OUTSIDE Well maintained communal gardens; garage with up and over door in separate block
Map location is not available for this property.
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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