Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
9 - 11 Old Market Place, Ripon
£160,000
Bedrooms
Bathrooms
Linley & Simpson are proud to bring to market, Regent House in the heart of Thirsk! This modern flat boasts a prime town centre location, making it a perfect choice for those seeking convenience and style.
Upon entering, you are greeted by a spacious open plan living space, ideal for entertaining guests or simply relaxing after a long day. With living, dining and kitchen areas. The property features two generous double bedrooms, offering ample space for a small family, guests, or even a home office.
The apartment has been used as a highly successful holiday let in the past and is an ideal property to add to a landlords portfolio whether it be for holiday lets or residential lets.
One of the highlights of this property is its presentation - it is very well maintained and exudes a contemporary charm that is sure to impress. Additionally, the flat comes fully furnished, saving you the hassle of furnishing it yourself.
Dont miss out on this fantastic opportunity to own a stylish apartment in a sought-after location. Contact us today to arrange a viewing and make Regent House your new home!
Material Information:
Mains Water
Electricity
Mains Drainage
Gas central heating from a new (2024) boiler
Double glazing throughout
PARKING
There is parking for one vehicle on Masonic Lane just
a short walk from the property.
ADDITIONAL INFORMATION
Management Fees - 650.00 per year
Ground rent - 250 per year
985 years remaining on lease
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.
9 - 11 Old Market Place, Ripon
The Property has been saved to your favorites
/ 5
It's quick and easy
