2 bedroom apartment for sale

£290,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

'Guide Price 290,000 - 300,000'

Kings Group are delighted to present this impressive TWO DOUBLE BEDROOM, SECOND FLOOR APARTMENT located in the sought-after North Square within the popular Newhall development. The property boasts two allocated parking spaces and is ideally positioned close to local shops, highly regarded schools, and everyday amenities, making it a convenient and desirable place to live.

Upon entering the apartment, you are welcomed by an inviting entrance hall that leads into a bright, spacious, and modern open-plan kitchen/lounge/dinerperfect for relaxing or entertaining guests. The kitchen features a stylish range of wall and base units, integrated appliances, and contemporary fittings. There is an additional storage cupboard with plumbing for a washing machine. The master bedroom benefits from a private en-suite, while the second double bedroom is ideal for guests, family, or a home office. A sleek family bathroom with a modern three-piece suite completes the accommodation.

This well-maintained apartment is ready for immediate occupation and would make an ideal purchase for a first-time buyer or someone looking to downsize. The development is well-connected, with easy access to the M11 and M25 offering direct routes to London, Stansted Airport, and Cambridge. Nearby train stations further enhance commuting options.

The property is subject to a service charge of approximately 1,199.64 per annum (99.97 Per Month), a Ground Rent of 10 per annum, and an Estate Charge of 405 per annum (105 Per Quarter), contributing to the upkeep of the areas beautifully maintained surroundings.

Call us today today to arrange a viewing or to find out more information!

Entrance Hall - Amtico flooring, single radiator, power points, intercom

Lounge/Kitchen/Diner - 5.49m x 3.66m (1837 x 1257) - Lounge/Diner: Double glazed window to the side aspect, single radiator, Amtico flooring, power points.

Kitchen: Amtico Flooring, Spotlights, a range of wall and base units with flat top work surfaces, integrated cooker, electric oven, electric hob, integrated extractor fan, integrated fridge freezer, integrated dishwasher, double drainer unit, power points. Storage cupboard with plumbing for washing machine and space for tumble dryer.

Bedroom One - 2.44m x 3.66m (890 x 1239) - Double glazed windows to the front aspect, single radiator, carpeted flooring, power points

En-Suite - 1.83m x 2.44m (657 x 839) - Spotlights, heated towel rail, tiled flooring, tiled splash backs, extractor fan, double shower cubicle with thermostatic controls, wash basin with mixer tap, low level W.C, shaver points

Bedroom Two - 2.44m x 3.66m (852 x 1260) - Double glazed windows to the front aspect, carpeted flooring, single radiator, power points.

Family Bathroom - 1.83m x 2.13m (651 x 773) - Spotlights, tiled splash backs, heated towel rail, tiled flooring, extractor fan, tiled splash backs, panel enclosed bath with mixer tap and shower attachment, wash basin with mixer taps, low level W.C, shaver points.

Schools/ Transport Links - Primary Schools:
Newhall Primary Academy (0.41 Miles), Church Langley Community Primary School (0.51 miles)
Secondary Schools:
Mark Hall Academy (0.25 miles), St Nicholas School (0.92 miles)
Train Stations:
Harlow Mill Rail Station (1 miles), Harlow Town Rail Station (1.69 miles)
Motorways:
M11 J7 (2.29 miles), M11 J7A (1.62 miles)

Flood Risk: River Seas - Very Low, Surface Water - Very Low
Build - Standard Construction - Brick and Tile
Tenure: Leasehold
Lease: 243 Years Remaining
Service Charge: 1199.64 Per Annum (99.97 Per Month)
Ground Rent: 10 Per Annum
Estate Charge: 405 Per Annum (105 Per Quarter)
Parking: Two Allocated Parking Spaces



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

£ 241950

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
    £ 7250
  • 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

£ 24450
  • 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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message