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£225,000
Bedrooms
Bathrooms
A beautifully appointed one bedroom duplex apartment configured as a maisonette home. Sitting in a secure and gated development of a select few homes this is an immaculate property, offering stylish accommodation with a quaint cottage feel. Offered for sale with no onward chain.
Griffin Farm is a gated development comprising eleven houses and apartments. Located in Heald Green close to shops and restaurants as well as superb transport links making access to Manchester Airport, Manchester City Centre and the motorway network very easy.
The property is well-presented with a high specification finish throughout, and offers bright and spacious living accommodation. This home comprises of a welcoming entrance hall with WC and large storage room. To the right of the hall lies a stylish kitchen with modern wall and base fitted units, complementary granite worktop surfaces and a range of integrated appliances. Ahead of the hallway is a light and spacious living/dining room featuring bi-fold doors allowing an abundance of natural light into the property. On the first floor there is a well proportioned bedroom served with a three piece bathroom suite with shower over bath.
Externally, the property sits in well-maintained communal gardens, surrounded by mature trees and hedges offering a great degree of privacy complete with off road parking.
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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