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£300,000
Bedrooms
Bathrooms
''BEAUTIFULLY PRESENTED'' 815 sqft ''BATHROOM & EN-SUITE'' 10th floor ''ALLOCATED STACKER PARKING'' floor to ceiling windows ''EAST FACING BALCONY'' panoramic city views ''AVAILABLE IMMEDIATELY''
EPC Rating B.
Forming part of the 17-storey development of K2, is this well presented and spacious, 2-bedroom, 2-bathroom apartment.
Being one of the largest apartments, so covering 815 sqft - the open plan living area occupies an east facing position.
Extensive floor to ceiling windows flood the space with light and slide open to provide access to a large balcony.
Off the spacious entrance hall, is a bathroom and two double bedrooms - the principle having access to an en-suite shower room.
One allocated stacker parking space is included meaning it wont allow for all car types.
Available immediately and sold chain free.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 302.94pa (next review in 2043 @ RPI)
Service Charge - 3,012pa
Water Charge - 600pa
Parking Charge - 683pa
Council Tax - Band E
Lease Term - 155 years less 3 days from 18 February 2003
Heating Electric, via a meter
Broadband No issues
Mobile No issues to report
Construction type Conversion
Building Safety EWS B1 rated
Flood Risk:- No
Planning Permissions:- None
THE DEVELOPMENT:-
K2 is a stunning and very well-known former office building, located on the corner of Albion Street and The Headrow. Being part of the developing Northern Quarter, this 17-story tower was converted into 85 apartments, where most have a balcony, some have parking - but all have lofty views over the city centre. The development benefits from an abundance of bars, shops and restaurants to explore, with Leeds Arena being just around the corner.
LIVING SPACE:-
Spacious in size and dominated by extensive floor to ceiling windows natural light pours into the room from an easterly direction. A large decked and glazed balcony, offers far reaching and panoramic views over the city beyond. The space easily allows for extensive lounging and dining, it also benefits from a built-in bar, with lighting and space for a mini fridge.
KITCHEN:-
G-shape in design, with a range of beech inspired and gloss grey cupboards - built-in appliances include a full-size fridge freezer, washer/dryer, dishwasher, electric oven, hob and extractor hood.
BEDROOM 1:-
Light and bright, thanks to its room width window - which offers easterly facing views over the city beyond. The room easily allows for a king-size bed, side tables and drawers with the built-in wardrobes providing both hanging space and additional storage. There is also the benefit of a fully tiled en-suite shower room.
BEDROOM 2:-
Again light and bright, with a room width picture window - the room allows for a double bed, side table and wardrobes - making it ideal for owner-occupiers and sharers alike.
BATHROOM & EN-SUITE:-
Fully tiled in white and blue, with white suites, mixer-controlled showers, wall mounted mirrors and heated towel rails.
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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