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£180,000 Guide Price
Bedrooms
Bathrooms
AN APPEALING TWO BED, TWO BATH UPPER GROUND FLOOR APARTMENT in a central Headingley location. Leasehold for 999 years from 2001. Service Charge - 2280 for 2025. Ground Rent 350 per annum. Council Tax Band C.
GENERAL
Presented to the market with the benefit of NO ONWARD CHAIN, this well-proportioned upper ground floor apartment is set back from Cardigan Road and only a short walk to Headingleys vibrant amenities. The property is sure to appeal to first time buyers and investors alike, and in brief comprises: communal entrance, private entrance hall, a dual aspect lounge, separate kitchen, two double bedrooms (one with an en suite shower room) and a second bathroom with an over bath shower. The development is set behind secure electric gates and there are TWO parking spaces with this property, something other comparable developments dont offer. This property is currently tenanted and vacant possession will be available on completion. Electric heating & uPVC double glazing. EARLY VIEWING RECOMMENDED.
AREA
Headingley is a vibrant suburb in north Leeds, with the Gardenhurst development being particularly well positioned enjoying both a central Headingley location and leafy surroundings with many mature trees in the immediate area. The wide-ranging amenities of Otley Road are just a 10-minute stroll away, with two train stations located within a 20-minute walk. The Universities & Business Schools are also close-by; and for those commuting into the City, the journey takes approx. 15 minutes by car and bus, and approx. 30 minutes on foot for those who enjoy walking.
GROUND FLOOR
COMMUNAL ENTRANCE
With a secure door entry intercom system and key fob access, this apartment can be accessed from either the ground or upper ground floor entrances. Direct access into the under-croft parking area and outside parking.
ENTRANCE HALL
Giving access to all principal rooms, with laminate floor and a cupboard.
LOUNGE
A dual aspect reception room with a furniture friendly footprint, a carpeted floor and space for dining furniture if desired.
KITCHEN
With laminate flooring and having a comprehensive range of contemporary base and wall cupboards incorporating an inset stainless steel sink unit with single drainer, integrated slim-line dishwasher, integrated washing machine, and split level oven and hob with overhead filter hood with steel finish. Space for freestanding fridge freezer of any height and having splash tiling above the work surfaces with ample electric sockets, recessed spotlights etc.
BEDROOM ONE (DOUBLE)
With a carpeted floor this room has fitted wardrobes and leads to
EN SUITE SHOWER ROOM
Having a fully tiled shower cubicle with a plumbed shower, pedestal washbasin, low level WC, complementary tiling to the shower area and splash areas.
BEDROOM TWO (DOUBLE)
A spacious second double bedroom with a carpeted floor and fitted wardrobes.
HOUSE BATHROOM
Having a panelled bath with telephone style shower attachment, pedestal washbasin, low level WC, splash tiling, extractor fan and recessed spot lighting.
PARKING
This particular flat has two secure car parking spaces, which is a rare benefit for a development of this age.
OUTSIDE
There are maintained gardens and grounds surrounding the property with lawns, flowering beds and borders and patio areas all of which are maintained by the management company from service charge collected.
MATERIAL INFORMATION:
TENURE
Leasehold for a term of 999 years from 2001.
SERVICE CHARGE
We understand the service charge for 2025 to be 2280. We understand the service charge for 2025 to be 2280. This covers communal cleaning, communal electricity, gardens upkeep, maintenance of the electric gates and roller shutters to car park, the lift, buildings insurance, general building maintenance, window cleaning, safety checks, water, reserve contributions and management fees. This is a very well managed development.
GROUND RENT
We understand the ground rent to be 350 per annum.
SERVICES
The property has mains 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 not known to be an issue / PLANNING PERMISSION none in the immediate area.
COUNCIL TAX BAND C
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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