2 bedroom apartment for sale

£445,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

A stunning Grade I' listed two bedroom apartment in the prestigious Clarence building at Royal William Yard in Plymouth. An award winning development by Urban Splash, Royal William Yard is a historic site of former maritime buildings, now converted into an eclectic mix of residential apartments and townhouses with restaurants, cafes, art galleries, an Everyman Cinema and gym. There is a popular monthly food and craft market held on The Green, as well as regular seasonal events including the Illuminate Festival and various Christmas markets. During the summer there is a regular ferry service to the Barbican and Mount Edgcumbe, or if you are feeling more adventurous you can hire a paddleboard from South West SUP or go for a sea swim at Firestone Bay.The apartment itself is located on the first floor of the building and has been beautifully finished by the current owner, being only one of a handful of properties in Clarence to benefit from a water-facing balcony. The apartment is well laid out to make the most of the views, with the main living space and both bedrooms facing out across the water, with incredible westerly views over to Mount Edgcumbe. You enter to a spacious hallway with storage cupboards and can immediately see the quality of the finishings throughout the space, a stylish mix of original features with modern fittings and newly fitted overhead track lighting. The living space is open plan and a fantastic space for entertaining, with plenty of room for a large dining table as well as a seating area. The wooden floors have been sanded and filled with wooden fillets to insulate and enhance the natural look of the apartment. The kitchen has been opened up into the room and offers a good array of storage with built in appliances, plus a separate utility/larder room. An office area with plenty of shelving has also been created in a quiet corner for anyone needing to work from home. There are two double bedrooms, both with fitted wardrobes and exposed stone walls. The main bedroom has a spacious en-suite bathroom with modern suite. There is also a further bathroom which is bright and has been newly tiled, with reclaimed flooring and shelving, a luxurious double walk in shower and a stained glass window allowing light from the hallway.As mentioned previously the apartment has a private balcony which is a beautiful spot to sit and take in those panoramic views. The owner currently rents a parking space privately from a neighbouring property, which we understand can be arranged for a new purchaser. Additional permits are available to purchase via the management company.Communal entrance door to lobby, stairs to first floor.APARTMENTWooden entrance door to:ENTRANCE HALLL shaped entrance hall with original cast iron pillars, wood panelling to one wall, radiator, wooden flooring, large storage cupboard. Entryphone system, inset ceiling lighting, opening to:LIVING ROOM7.263m x 7.240m (2310' x 239')Open plan living room with exposed stone wall, window with sea view overlooking Mount Edgcumbe, recess shelving, full length glazed doors give access to enclosed balcony with full length wooden doors, two radiators.KITCHEN AREAContemporary white fitted base units and drawers with stainless steel work surface, matching wall cupboards, inset double sink unit with mixer tap and separate filtered water tap, glazed splashback, inset Beaumaris induction hob with electric Bosch oven and grill under, concealed cooker hood over, integrated fridge, freezer and dishwasher, concealed work surface lighting, inset ceiling lights, door to:LARDER/UTILITY1.960m x 1.470m (65' x 49')Work surface along one wall with space and plumbing for washing machine, fitted cupboard and drawer, extractor fan, electric hot water boiler, inset ceiling lighting.BALCONY2.118m x 1.296m (611' x 43')MASTER BEDROOM3.639m x 3.455m (1111' x 114')Window with sea view overlooking Mount Edgcumbe with deep granite sill, exposed stone wall, radiator, floor to ceiling built in wardrobes, wooden flooring, inset ceiling lighting, opening into:EN SUITEWhite contemporary suite comprising panel bath with mixer tap and shower attachment glazed screen, wall mounted wash hand basin with concealed mixer tap, low flush WC with concealed cistern, fixed mirror, inset ceiling lighting, ladder style radiator, exposed stone wall, extractor fan.BEDROOM TWO3.382m x 3.708m (111' x 122')Window enjoying a sea view looking over to Mount Edgcumbe with deep granite sill, exposed stone walls, floor to ceiling fitted wardrobes, recess shelving, inset ceiling lighting, wooden floors, radiator.SHOWER ROOMWhite contemporary suite comprising walk-in shower with glazed screen, Venture shower head with separate hand held attachment, wall mounted wash hand basin with concealed mixer tap, low flush WC with concealed cistern, wooden vanity shelf with shaver point and fix mirror, inset ceiling lighting, extractor fan, wooden floor ladder style radiator.EXTERNALRoyal William Yard is a waterside development with a vibrant community enjoying stunning views of Plymouth Sound. There is communal open space including walkways and a green where regular markets are held. The Yard has an array of shops and bars plus its own cinema. The development is linked to the coastal path and Devils Point.TENUREWe understand the apartment is held on lease with 101 years remaining and subject to a service charge for 2025/26 of approximately 7,152 per year but this is subject to change.PARKINGThe current owner rents a parking space. SERVICESMains electric/water/drainage. OUTGOINGSWe understand the property is in band F for council tax purposes by internet enquiry with Plymouth City Council. VIEWINGBy appointment with Kirby Estate Agents on .MOBILE AND BROADBAND COVERAGETo check broadband and mobile phone coverage please visit Ofcom here:ofcom.org.uk/phones-telecoms-and-internet/advice-for-consumers/advice/ofcom-checkerFLOOR PLAN DISCLAIMERThese plans are set out as a guideline only and should not be relied upon as a representation of fact. They are intended for information purposes only and are not to scale. PLEASE NOTEBefore any sale is formally agreed, we have a legal obligation under the Money Laundering regulations and Terrorist Financing Act 2017 to obtain proof of your identity and of your address, take copies and retain on file for five years and will only be used for this purpose.We carry out this through a secure platform to protect your data. Each purchaser will be required to pay 15 upon an offer verbally being agreed to carry out these checks prior to the property being advertised as sale agreed.We may refer buyers and sellers through our panel of Conveyancers. It is your decision whether you choose to use their services. Should you decide to use their services you should know that we would receive a referral fee of 150 from them for recommending you. As we provide them with a regular supply of work you benefit from a competitive price.We also refer buyers and sellers to our Financial Advisers. It is your decision whether you choose to use their services. Should you decide to use any of their services you should be aware that we would receive a average referral fee of 200 from them for recommending you.You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding referral fee.Prior to a sale being agreed and solicitors instructed, prospective purchasers will be required to produce identification documents to comply with Money Laundering regulations.

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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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 369825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 11125
  • 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

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£

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

£ 36075
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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