Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
2 Low Ousegate, York
£90,000
Bedrooms
Bathrooms
OVER 55s Shared ownership property. This ground floor two bedroom apartment is located in the highly regarded area of Eldwick, benefitting from a paved patio to the rear, communal garden area to the front and an allocated parking space.
A rare opportunity to purchase a 65% shared ownership property on the highly desirable Swan Avenue development. This ground floor apartment offers two bedrooms, a private patio, perfect for enjoying the outdoors, as well as a shared garden and allocated parking. This over 55s property offers a well equipped kitchen, spacious living space, while the bedrooms provide a peaceful retreat. Situated in a prime location with easy access to local amenities, schools, and transport links, this property offers a convenient lifestyle for its residents.
Entrance Hall
Providing access to the living accomodation, useful storage cupboard and central heating radiator.
Living Room
This spacious room has double glazed french doors leading onto a patio to the rear of the property, double glazed window, electric fire and central heating radiator.
Kitchen
Located to the rear of the property, fitted with a range of wall, drawer and base units, laminate worksurfaces incorporating a stainless steel sink and drainer, electric oven, gas hob, extractor, plumbing for washing machine, double glazed window, central heating radiator and vinyl flooring.
Principal Bedroom
Situated to the front of the property this double room has a double glazed window and central heating radiator.
Bathroom
Fitted with a three piece suite comprising bath with shower over, pedestal hand wash basin, WC, central heating radiator and vinyl flooring.
Bedroom Two
A single bedroom positioned to the front of the property, with double glazed window and central heating radiator.
Externally
This home benefits from a paved patio area to the rear and a communal garden to the front of the property with an area for clothes drying.
Parking
Allocated parking space.
Leasehold Information
Ground rent including service charge - 288.20 per month (3,458.40 per annum) Length of lease:- 125 years commenced 1st January 2008
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.
2 Low Ousegate, York
The Property has been saved to your favorites
/ 5
It's quick and easy
