1 bedroom house for sale

£249,995

1

Bedrooms

1

Bathrooms

Floorplan

Kings group are DELIGHTED to bring to market this ONE BEDROOM GROUND FLOOR FLAT for sale within a stones throw from Hertford town centre.

The ground floor of the property is comprised of a great sized Kitchen / Lounge. Complimented within the Kitchen is an integrated Fridge Freezer, Dishwasher, Oven and Washer Dryer. The master bedroom is of a good size and the practical bathroom can be found directly opposite the bedroom. The property also has allocated parking within the underground gated car park which is only accessed by the residents.

The Waterfront offers a new owner massive pros with the property being located just 0.08 miles from Hertford East Railway Station and 0.77 miles from Hertford North Railway Station, access into London via public transport is very easy. The property also benefits from being walking distance to Hertfords Town Centre which offers an abundance of supermarkets, banks, restaurants and other high street shops all just a stones throw away.

Hertford, the county town of Hertfordshire, offers a rich blend of history and modern charm. With its ancient origins and landmarks like Hertford Castle, it boasts a well-preserved medieval town center. The scenic River Lea and surrounding countryside provide beautiful green spaces for outdoor activities.

For more information on the local amenities, please visit and explore our newly updated 'local amenities' tab. This will be able to display local shops, schools, transport links and even more!

Kitchen Lounge - 7.01m x 3.05m (2397 x 1080) - Double glazed windows to front aspect, Single radiators, Stripped wood flooring, Roll top work surfaces with granite effect, Integrated cooker, Electric hob, Electric oven, Double trainer unit, Integrated fridge, Integrated washing machine, Integrated washing machine, Phone point, TV areal point, Power points.

Bedroom - 3.96m x 2.74m (1382 x 937) - Double glazed window to front aspect, Double radiator, Carpeted flooring, Built-in wardrobes, Phone point, TV areal point, Power points.

Bathroom - 1.52m x 2.13m (598 x 764) - Single radiator, Tiled flooring, Panel enclosed bath with shower attached, Mixer tap wash basin, Low level WC.

Entrance Hall - 3.05m x 1.27m (10 x 42) -



Features
  • Freehold

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

£ 196446.125

Mortgage Loan to Value

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Gross Yield

%

Annual ROI

%

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
    £ 6249.875
  • 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

£ 8949.875
  • 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

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£
  %

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

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  %

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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