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£110,000
Bedrooms
Bathrooms
'CHURCH VIEW'One bedroom luxury apartment. Unique conversion of the Crosby Hotel into 9 x 1 and 2 bedroom apartments. Situated adjacent to St Lukes Church and central to quaint Crosby village local shops, amenities, parks and excellent transport links. Just a short stroll away is Crosby Beach with the famous 'Another Place' sculptures by artist Anthony Gormley.This Victorian building is being sympathetically converted to provide 9 apartments with parking and communal landscaped courtyard garden. Features include stunning vaulted ceilings and stylish living spaces with a contemporary finish.The former Crosby pub is famous for still having a naval gun/cannon outside dating back to the American Civil War.- 1 Bedroom Apartments priced from 125,000- 2 Bedroom Apartments priced from 160,000- High Spec Kitchen and BathroomReserve your plot now - Due for completion Quarter 3 - 2021250 year new leasesGround rent 0.1% value of each apartmentService charge estimated 80pcmPurchase process1500 reservation fee10% exchange deposit within 28 days90% balance of funds due on completionCall Logic on 0151 920 2404 to arrange your viewing.
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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