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£299,950
Bedrooms
Bathrooms
A beautiful two double bedroom raised ground floor apartment with the benefit of a stunning south-facing terrace as well as a single garage and communal parking. Offering recently-refurbished accommodation this sleek and stylish apartment is for sale with no onward chain, to include a share of the freehold.
Having undergone extensive renovations in 2024 including new kitchen, new bathroom, electrical re-wire, new combination boiler, new flooring, new UPVC windows, new entry-system and fully updated communal areas. Offering beautiful turn-key condition this is the perfect apartment for a first time buyer, down-sizer or buy to let investor. The communal hallway provides a modern welcome with access to two properties on the ground floor, and a further two on the first floor. Number 2 is situated on the ground floor and provides a private hallway with two storage cupboards and doors to all rooms. The impressive open-plan living room/kitchen sits at the rear and benefits from a south-facing aspect. The room is a large space with dual-aspect windows with patio doors leading out to the stunning raised composite terrace enclosed by glass balcony. There are steps from the terrace down to the communal lawn. Back inside the kitchen is a contemporary space with integrated appliances. The two bedrooms sit at the front of the property and are both doubles. The bathroom completes the accommodation and is a contemporary three piece suite comprising bath with shower over, WC and wash hand basin.
Externally the property offers plenty of communal parking as well as a private single garage. The communal lawns at the rear are beautifully kept and offer a lovely additional space. The building comprises of only four apartments including this one. It sits on the Bramhall/Cheadle Hulme border and allows for easy access into both villages, doubling your choices of brilliant bars and restaurants as well as excellent transport links.
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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