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£875,000
Bedrooms
Bathrooms
''INCREDIBLE LAYOUT'' 1,800 sqft '' EN- SUITE BATHROOM, SHOWER ROOM & W/C'' city facing views ''DUPLEX PENTHOUSE'' excellent storage ''THREE BALCONIES & FLAGGED TERRACE'' light and bright ''ALLOCATED PARKING''
EPC Rating D.
Located on the 4th and 5th floor, of this bespoke and very central West End development - is this incredible, 2-bedroom, 2-bathroom, penthouse apartment.
Available for the first time in 24 years and coming fully furnished, it offers one of the best living areas the city centre has to offer.
Lovingly refurbished throughout and covering 1,800sqft, the property is set over two levels where every room offers generous proportions and intricate finishing details.
The property also boasts 3 balconies, a south facing terrace and allocated basement parking.
Available immediately and sold chain free.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 150pa
Service Charge - 8,250pa, including water rates (roughly 720pa) and buildings insurance
Council Tax - Band G
Lease Term - 124 years from 10th November 2000
Heating Electric, via a meter
Water - Mains connected, via a meter
Broadband - No issues to report
Mobile No issues to report
EWS1 B2 rated, with a comfort letter from Lendlease the original developer
Construction type Brick
Flood Risk:- No
Planning Permissions:- None
THE DEVELOPMENT:-
Portland Place is a mixed-use development, located in the heart of Leeds city centre. Made up of 19 spacious and bespoke apartments, with mostly Millennium Square or Central Library views - the renowned Thai Edge restaurant can also be found on the front corner. This development is within a few minutes walk of Leeds General Infirmary and the numerous bars and restaurants this location has to offer.
ENTRANCE:-
Upon entering the property, you immediately encounter the stunning and newly installed kitchen. Access to a W/C, additional storage and the sleeping quarters, are also available from this area.
KITCHEN:-
U-shape in configuration, with extensive dove grey wall and base units - finished off with Piombo Doha solid Fenix NTM worktops and feature lighting. High-end built-in appliances by Bosch and Zanussi include, an electric oven, microwave, induction hob, full-size fridge-freezer, dishwasher and washing machine / dryer. The kitchen also extends to a large breakfast bar, complete with feature low level and ceiling lighting - ideal for food preparation and lazy breakfast mornings.
LIVING QUARTERS:-
One of the largest and best in the city centre - with double height ceilings and extensive windows engulfing it. The space allows for two dining areas, a sofa extending to 9 meters and a home office if so desired. There is also the added benefit of a hand-crafted media wall, with wall-hung TV and feature fireplace below as well as two balconies offering views over Millenium Square below.
BEDROOM 1:-
Spacious in size and beautifully presented, with built-in wardrobes, matching drawers and access to an en-suite bathroom. Feature lighting over the bed and luxury carpeting adds to the opulent feel, as well as the wall-hung TV and full-length mirror. A large picture window overs lofty views over the living space below.
EN-SUITE:-
Fully tiled, with a 4-piece white suite encompassing, a low-level toilet, wall-hung wash hand basin, bath with air jets, walk-in mixer-controlled shower and heated towel rail.
BEDROOM 2:-
Also being a great size, it allows for a king-size bed, sofa bed, side tables, a dressing / vanity area and drawers with the built-in wardrobes providing both hanging space and additional storage. A glazed doors provides access to a private south facing terrace, offering uninterrupted views of the clock tower adorning Leeds Town Hall. The room also benefits from luxury capeting and access to an en-suite shower room.
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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