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£110,000
Bedrooms
Bathrooms
SITUATED IN CENTRAL RAMSBOTTOM CLOSE TO LOCAL AMENITIES INCLUDING SHOPS, RESTAURANTS & BARS THIS ONE BEDROOM FIRST FLOOR APARTMENT IS IMMACULATELY MAINTAINED AND OFFERED FOR SALE.
Benefitting from having UPVC double glazing, electric heating and a secure allocated space, the property is entered via a communal hallway leading to the stairs to the first floor. The apartment has its own personal entrance hall with doors leading to a storage cupboards and all rooms.
The living/dining/kitchen room is a light bright room with doors to the Juliet balcony. The kitchen area has a range of wall & base units with work surface over and inset four ring ceramic hob with extractor hood over. There is space & plumbing for a washing machine and fridge/freezer.
There is a double bedroom with windows to the front and benefits from plush fitted wardrobes.
The bathroom has a suite of WC, pedestal wash hand basin and shower cubicle with shower over.
The property benefits from an allocated parking space.
Additional Information:
Tenure: Leasehold
Lease Length: 125 years from 1 August 2004
Ground Rent: Approx 200 per annum
Service Charge: 155 Per month
Council Tax: A
EPC Rating: C
Living Room/Kitchen - 6.5m x 3.2m (213' x 105')
Bedroom - 3.2m x 4m (105' x 131')
Bathroom - 2.3m x 1.8m (76' x 510')
IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our sales particulars an accurate and reliable reflection of the property. They do not however constitute or form part of an offer or any contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. You should confirm the boundaries and land ownership of the property with your legal representative. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the details in the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings unless specifically stated are to be agreed during negotiations with the seller.
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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