1 bedroom apartment for sale

£64,000

1

Bedrooms

1

Bathrooms

Floorplan

Excellent access to public transport with mainline train stations within walking distance giving access to other cities such as Leeds, Dewsbury and Doncaster.

Main Entrance
Communal entrance leading to the main staircase

Entrance
The entrance hall leads to the lounge, bedroom and bathroom. Laminated flooring

Lounge
Excellent size lounge, UPVC windows overlooking the car park, laminate flooring, and video intercom. The lounge leads to the kitchen through a large archway.

Kitchen
Good size kitchen with chrome gas hob, separate oven, extractor hood, wall and base mounted units.

Dining area with ample room for dining table. UPVC window letting in plenty of natural light

Bedroom
Double bedroom with UPVC double glazed window, fitted carpet.

Bathroom

Good size three-piece suite, white panel bath with overhead shower, low flush WC and separate hand wash basin. The bathroom is fully tiled, storage cupboard with clothes dryer

Council Tax - band A

Leasehold Information

Number of years remaining on the lease: 108 years

Current ground rent and any review period:
- 162 per year
- 3 years

Current service charge and any review period:
- 74 per month
- 3 years

Council tax band: A

Nearest Stations:

0.48 miles
Sandal And Agbrigg
0.72 miles
Wakefield Kirkgate
1.23 miles
Wakefield Westgate
3.36 miles
Outwood
3.5 miles
Normanton

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

£
£
£
£

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

Mortgage Required

£ 52300

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1600
  • 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

Adjust these figures

£

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

£ 4300
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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