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£160,000 Offers over
Bedrooms
Bathrooms
Liberty Gate are happy to offer for sale this bright and welcoming apartment for sale in the popular Hicking Building.
The apartment has been well cared for by the current tenant and has a potential renal income of 1150pcm.
Introduction - Liberty Gate are happy to offer for sale this well presented, bright and spacious apartment in the popular Hicking Building.
The apartment is cared for and presented well throughout and benefits from the following accommodation;
Entrance Hall - The entrance hall is particularly impressive in this apartment, with a run of mill style windows running down one side of the space allowing natural light in and welcoming you into the property.
Open Plan Living - The open plan living space is well proportioned with plenty of space for a dining area, lounge and kitchen.
The room in neutrally finished throughout and the again feature window allows natural light to fill the room.
Main Bedroom - Moving into the master bedroom and the pleasant proportions continue.
The room is a generous double with fitted wardrobes featuring sliding mirrored doors.
Bedroom Two - Bedroom Two is again a great sized double bedroom, neutrally finished throughout.
Bathroom - The bathroom is equipped with a full white Three piece suite and shower over bath.
Location - Positioned in the popular Hicking Building the apartment is well appointed for commuters and people looking to be in the City.
Tram routes offer a quick and direct route to Nottinghams Market Square and the train station is on the doorstep for those looking to travel further afield.
Please Note - Lease 125 years from 2004. (107 remaining).
Ground rent 180 Annually
Service charge 1650 Annually
Parking for one car
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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