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£450,000
Bedrooms
Bathrooms
''DUPLEX PENTHOUSE'' 1,110 sqft ''EV PARKING SPACE'' extensive windows ''TWO TERRACES'' beautifully presented throughout ''BATHROOM AND EN-SUITE'' set over tow floors ''WEST FACING VIEWS''
EPC Rating D.
Forming part of the popular City Island development, is this beautifully presented, 3 bedroom, 2 bathroom, duplex penthouse apartment.
Covering 1,110 sqft in total, the epic open plan living space offers a recessed kitchen, double height ceilings and extensive floor to ceiling windows - which give access to two terraces.
Off the entrance hall is a contemporary bathroom and the third bedroom.
Interestingly, a spiral staircase leads to the upper level, where two further bedrooms are located.
Allocated parking space included, with a dedicated 3 Phase 22kW car charger.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 200pa (doubles after 50 years and then 400pa for the remainder of the lease)
Service Charge - 3,413pa
Council Tax - Band E
Lease Term - 999 years from 2006
Heating Electric, via a meter
Water - Mains connected, via a meter
Broadband - 1Gb available
Mobile No issues to report
Construction type Brick and concrete frame Building Safety EWS A2 rated
Flood Risk:- No
Planning Permissions:- None
THE DEVELOPMENT:-
City Island is a quality residential development, built between the River Aire and Leeds Liverpool canal. There is an on-site Concierge, extensive communal grounds and feature pond with fountains. This property is well positioned for easy access into and out of the city centre, as well as the bars and restaurants the West End of the city has to offer - with the main train station being a short walk away.
LOUNGE / DINING ROOM:-
Dual aspect in layout and extremely light and bright, thanks to its 6 meter floor to ceiling windows which provide access to two flagged terraces. Wall mounted heaters, in the form of tradition radiators; reflect nicely against the dark flooring which runs throughout the space.
KITCHEN:- Dark walnut in colour, with beech wood detailing and stainless steel handles - finished off with black granite effect worktops and subway titled splashbacks. Built-in and free-standing appliances include, a electric oven, induction hob with industrial extractor over, full-size fridge freezer, dishwasher and washing machine.
TERRACES:-
Accessed from the living space, are two long flagged terraces ideal for alfresco dining and a city garden if so desired. Either way, they offers stunning views towards the Leeds Liverpool Canal and city beyond in a westerly direction.
BEDROOM 3:-
Located off the entrance hall and allowing for a double bed, side tables and wardrobes this room would also make a great home office or gym. Two feature windows offer views over the developments piazza below.
BATHROOM:-
Fully tiled in white and encompassing a wall-hung toilet and sink, with a mixer-controlled shower over bath, wall mounted mirror and chrome fixtures and fittings.
BEDROOM 1:-
Located on the upper level and accessed via a spiral staircase from the entrance hall this room is more like a hotel suite. Allowing for a super king-size bed, side tables and drawers a walk-in wardrobe provides both hanging space and additional storage.
The ceilings are vaulted, with architectural metal structural supports, the flooring is engineered oak and the fixtures and fittings are chrome.
EN-SUITE:-
Fully tiled in on-trend grey, with a wall-hunk square sink, low-level w/c and curb less walk-in shower the fixtures and fitting are chrome, including the heated towel rail.
BEDROOM 2:-
Incredible in design, masterminded by the current owner this room is a real showstopper. Allowing for twin beds, as currently laid out and extensive built-in wardrobes - lofty views over the living space below and city beyond are afforded via a wall of glass. Again, the ceilings are vaulted and the flooring is engineered oak.
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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