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£165,000 Guide Price
Bedrooms
Bathrooms
A DELIGHTFUL TWO DOUBLE BEDROOM GROUND FLOOR FLAT forming part of a popular development on the Meanwood/Headingley border. Leasehold 125 years from 2007. Service Charge: 1570 for 2025. Ground Rent 100 per annum. Council Tax Band B.
GENERAL
Brought to the market in move in condition, this is a very well presented apartment in a highly desirable location conveniently positioned on the Meanwood/Headingley border. With gas central heating, uPVC double glazing and ample on site parking for residents and visitors, the development is a popular choice for first time buyers. In brief, the property comprises: communal entrance, private entrance hall with store cupboard, a spacious reception room, a modern kitchen, two double bedrooms and an attractive bathroom with shower. The development is set in well maintained grounds facing onto the Meanwood Valley trail, with a handy footbridge over Meanwood Beck providing convenient access to both Meanwood and Headingley amenities. VIEWING HIGHLY RECOMMENDED.
AREA
Headingley is a vibrant suburb of north Leeds, located approximately 3 miles out of the city centre. Bridgewater Court is a purpose built development of 42 flats, located just off Grove Lane. The property is equidistant of Headingley and Meanwood centres with a diverse mix of shops, bars and restaurants. Transport links are a 10-minute walk away approx. 20 minutes into the City. The open spaces of Meanwood Park, Meanwood Valley Trail, Beckett Park and Woodhouse Ridge are also close-by.
GROUND FLOOR
COMMUNAL ENTRANCE
Having a door intercom system to allow guest access, and having a short flight of stairs through to an internal door to an inner hallway, which gives access to the three flats on this level.
PRIVATE ENTRANCE HALL
Having a deep store cupboard and giving access to both bedrooms, the bathroom and leading to
RECEPTION ROOM
A spacious reception room with a furniture friendly footprint and a flexible layout. Ample floor space for both lounge and dining areas if desired. Leading to
KITCHEN
Fitted with a range of wall and base units with contemporary handleless unit and drawer fronts, complemented by wood effect work surfaces and Metro-style splash wall tiling. Integrated electric oven and hob with extractor above, a full size fridge/freezer and an integrated washer dryer. The gas combi boiler is wall mounted in this room.
BEDROOM ONE (DOUBLE)
Fitted with generous built in wardrobes and a carpeted floor.
BEDROOM TWO (SMALL DOUBLE)
With enough floor space to accommodate a double bed and a desk if desired.
BATHROOM/WC
Comprising a panelled bath with over bath electric shower, a low level WC and a pedestal washbasin. Fully tiled walls.
OUTSIDE
The development is set in well maintained communal grounds for residents to enjoy. Unlike many developments in the area there is plenty of on site parking for residents and their visitors, with street parking and two off street car parks at the rear. Bridgewater Court is an open development facing onto Meanwood Valley Trail.
MATERIAL INFORMATION:
TENURE
Leasehold for a term of 125 years from 2007.
SERVICE CHARGE
Our seller informs us that the service charge for 2025 is 1570, paid in 2 instalments.
GROUND RENT
Our seller informs us that the ground rent is 100 per annum.
SERVICES
The property has mains gas, electricity, water and drainage/sewerage, which were connected and working at the time of our inspection.
BROADBAND/MOBILE SIGNAL & COVERAGE
BROADBAND is available in this area / MOBILE SIGNAL & COVERAGE is available in this area.
FLOOD RISK & PLANNING PERMISSION
FLOOD RISK the property is close to Meanwood Beck, and water levels have been known to rise in the past / PLANNING PERMISSION none in the immediate area.
COUNCIL TAX BAND B
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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