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£450,000
Bedrooms
Bathrooms
Two Bedroom, Two Bathroom Second floor Apartment in a Grade one Listed Building with:'Secure Fob entry to reception area with 24 hour concierge'River view from Lounge and Bedrooms 'Open Plan Lounge / Dining / Study'Fully fitted Kitchen and Bathroom'Ensuite Bathroom to Master Bedroom'On-site fob entry allocated parking space in the basement 'Separate secure storage room'Lifts to all floors Lease specifies apartments are owner occupied only - thus maintaining the buildings exclusivity.The apartment features an entrance hall with oak floors and a storage cupboard. The lounge/dining room is lit by chandeliers and has two large brick arches opening on to an office/ study with mirrored wall and a kitchen with granite worktops and built in appliances. Two bedrooms (main with full en-suite), Bathroom fully tiled including bath/ separate shower cubicle, Feature vanity unit. Separate tiled shower room. On-site allocated parking space in the basement and separate secure storage room. Lifts to all floors. Leasehold tenure with 111 years remaining however we are informed that the head lease has been purchased by the leaseholders and extended to 999 years for the residential part of the building which can be used to continue the apartment leases post the expiry of the original 150 year lease, Service charge currently 1,544 per quarter. Ground rent 150 p.a. Local Authority - LiverpoolTenure - LeaseholdConservation Area - YesFlood RiskRivers & Seas: HighSurface Water: Very LowSatellite / Fibre TV Availability - BT, Sky, VirginBroadband -Standard - 14 mbpsSuperfast - 80 mbpsUltrafast - 1000 mbpsMobile Coverage - O2, EE, Three, VodafoneSatellite & Cable TV Availability - BT, SkyUnusually good at what we doSell with a multi - ?National award winning Estate Agent!?
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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