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£160,000
Bedrooms
Bathrooms
''TOP TWO FLOORS'' Juliet balcony ''EXTENSIVE WINDOWS THROUGHOUT'' far reaching city views ''570 SQFT'' separate office ''EXCITING FEATURES''
CURRENTLY RENTED on a rolling basis at 995pcm.
EPC Rating B.
Forming part of the popular Echo Central development, is this spacious and well presented, 1 bedroom apartment with office.
Covering 575 sqft in total and occupying a duplex penthouse position, the open plan living area occupies a corner position and benefits from floor to ceiling windows - which flood the space with light.
The fitted kitchen has slate grey cupboard doors and comes complete with integrated appliances and wood effect worktops.
Off the entrance hall is a handy W/C interesting stairs lead up to the home office and sleeping quarters.
The apartment is being sold fully furnished and ready to move into.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 200pa (reviewed in 2034 at the rate of RPI)
Service Charge - 2,436.36 inc buildings Insurance
Council Tax - Band B
Lease Term 155 years from 2007
Heating Electric, via a smart meter
Broadband - No issues to report
Mobile No issues to report
Construction type Concrete and steel frame
Building Safety EWS B1 rated
Flood Risk:- No
Planning Permissions:- No
THE DEVELOPMENT:-
Echo City is a quality residential development built by the renowned builder, Barratt Homes. Occupying an elevated position on East Street, where most apartments have a balcony and far-reaching views towards the city centre. There is an on-site Caretaker and residents communal, with the development being well positioned for easy access into and out of the city centre - as well as the other popular residential areas of Leeds Dock and The Calls.
LIVING SPACE:-
Benefiting from floor to ceiling windows, as well as a large picture window the quirky space easily caters for both lounging and dining.
KITCHEN:-
The neat and tidy recessed kitchen, has a range of dove grey wall and base units finished off with complementary wood effect work tops. Built-in appliances include, a full-size fridge freezer, stainless steel electric oven, halogen hob and extractor hood - the plumbing for the washing machine and the newly installed hot water cylinder to the left-hand side of this space. Other benefits include, a built-in TV to the stainless steel splashback and recessed speakers in the ceiling. Light pours in via oversized French doors, which open onto a glazed Juliet balcony which offers far reaching city views.
There is also space for a tumble dryer to be fitted on the far right side of the kitchen.
OFFICE:-
A nice sized office is located at the top of the stairs which features ceiling speakers with integrated Bluetooth amplifier and an ethernet connection, which links to the high speed internet connection (1000mb connection pre-installed via Hyperoptic).
BEDROOM:-
More of a master suite, this impressive rooms allows for a king-size bed, side tables, extensive wardrobes, drawers and built in storage. Large picture windows, including those which open above the Juliet balcony, flood the room with light in addition to offering panoramic city views. There is also the added benefit of an en-suite shower room.
EN-SUITE:-
Mostly tiled, with a wall hung toilet and sink, mirror with large glass shelving, chrome heated towel rail and ceiling speakers with integrated Bluetooth amplifier.
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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