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£189,000
Bedrooms
Bathrooms
This spacioustwo double bedroom top floor Duplex apartment in the heart of Hiltingbury is ideal for first time buyers and investors. Situated close to local amenities and in the sought after Hiltingbury and Thornden School catchments. The apartment offersa welcoming entrance hallway with a useful storage cupboard, kitchen, living room with stairs leading to the two double bedrooms and family bathroom. There is also a private balcony located from bedroom two, perfect for that morning coffee and catching some sun on a fine day. Communal gardens and allocated parking space. The property is also a stones throw away from the local parade of shops which include the localPost Office, Tesco Express and ladies Hairdressers.
Entrance Hall
Store
Living Room - 4.37m x 4.09m (144" x 135")
Kitchen - 3.43m x 3.23m (113" x 107")
Bedroom One - 4.37m x 3.96m (144" x 130")
Bedroom Two - 4.37m x 3m (144" x 910")
Family Bathroom
Balcony
Local Authority Information
Eastleigh Borough Council
Tax Band: B
Local Schools Information
Infant/Junior: Hiltingbury Infant & Junior Schools
Secondary: Thornden Secondary School
EPC Rating
D/55
Tenure
LEASEHOLD
Maintenance and Ground Rent Charges
Lease: 947 Years Remaining
Ground Rent: 20 Per Annum
Service Charge: 110.50 Per Month
Please note, these figures are approximately and must be confirmed by your solicitor)
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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