2 bedroom flat for sale

£175,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

A 2 bedroom 2 bathroom 2nd floor apartment in a highly sought after development in Far Headingley, North Leeds. Offered for sale with no onward chain the property benefits from Under croft Parking.

2 Bedroom 2nd Floor Apartment with Lift in Central Park, Far Headingley, Leeds

Nestled within the sought-after Central Park development in Far Headingley, Eller House offers a superb opportunity for professionals and families alike. This well-appointed two-bedroom apartment enjoys the benefits of gas central heating, uPVC double glazing, and a secure under-croft parking space with lift access to all floors.

The property is in good decorative order and briefly comprises: a welcoming entrance hall with two useful storage cupboards, a spacious lounge with attractive bay window and feature fireplace, a generously sized kitchen with integrated appliances, two double bedrooms (the principal with en suite shower room), and a stylish house bathroom with shower over the bath.

Accommodation Details:

Communal Entrance
Secure entry via video intercom system, with lift and stair access to all floors and the under-croft car park.

Private Entrance Hall
An L-shaped hallway providing access to all rooms. Two built-in storage cupboards offer excellent additional space, one housing the gas boiler.

Living Room
A bright and comfortable reception room with bay window, feature electric fire with wood surround, and space for a small dining table and chairs.

Kitchen
Well-proportioned and modern, with a range of wall and base units, speckled grey worktops, tiled splashbacks, and integrated appliances including fridge freezer, dishwasher, washing machine, gas hob and electric oven. Space for a breakfast table and chairs.

Bedroom One
A carpeted double bedroom with fitted wardrobes and access to:

En Suite Shower Room
Fully tiled shower cubicle with plumbed shower, low-level WC, pedestal washbasin with mirror above.

Bedroom Two
A second generously sized double bedroom with carpeted flooring and plenty of space for furnishings.

House Bathroom
Fitted with a bath and plumbed shower over, low-level WC and pedestal washbasin. Complementary tiling and a fitted mirror complete the space.

Parking
The property benefits from a secure under-croft parking space, accessed via a remote-controlled shutter. Lift access is available from the car park to the apartment floor.

Location Highlights:
Far Headingley is a vibrant and desirable suburb just 3 miles north of Leeds city centre. The area boasts a variety of local amenities, eateries, and excellent public transport links. Residents enjoy easy access to the green spaces of Beckett Park, Meanwood Park, and Golden Acre Parkideal for weekend strolls or family outings.
This property offers the perfect blend of comfort, location, and convenienceideal for those seeking a low-maintenance home in one of North Leeds most popular residential areas

Material Information
TENURE

Leasehold for a term of 999 years from 2002
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 not known to be an issue / PLANNING PERMISSION none in the immediate area.

GROUND RENT AND SERVICE CHARGE
We understand the Ground Rent and Service Charge is 797.94 paid quarterly but have been unable to verify this. We understand this covers maintenance of the fabric of the building, cleaning and lighting to communal parts, maintenance and servicing of the lift, video door entry intercom system, window cleaning to the exterior, gardening, external redecoration and internal redecoration of common parts, maintenance of the under-croft parking area and the remote fob controlled shutters; as well as all accountancy fees and managements charges by the Managing Agents.

COUNCIL TAX BAND D

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 138325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 7075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

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  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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