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£450,000
Bedrooms
Bathrooms
''TRUE LOFT STYLE LIVING'' 1,519 sqft ''TWO EN-SUITES AND A BATHROOM'' extensive character throughout ''HIGH SPECIFICATION INTERIOR'' brick vaulted ceilings ''ALLOCATED GATED PARKING''
EPC Rating D.
Forming part of Fearn Island Mills, is this truly amazing, 3-bedroom, 3-bathroom apartment.
The property boasts a wealth of original features, including extensive brickwork, vaulted ceilings and cast-iron beams.
The apartment offers unrivalled and spacious accommodation, with oversized warehouse windows, complete with stone sills that flood the room with natural light.
Off the internal hallway, are two large double bedrooms - both with spectacular en-suites.
Additionally, theres a separate bathroom, with a laundry cupboard along with a third bedroom, currently arranged as a home gym.
Each room has the added benefit of built-in Cambridge Audio speakers, powered by Sonos.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 150pa
Service Charge - 3,946pa, including buildings insurance
Council Tax Band E
Lease Term - 125 years from 2004
Heating Electric, via a meter
Water - Mains connected, via a meter
Broadband - No issues to report
Mobile No issues to report
Construction type Conversion
Building Safety Exempt
Flood Risk:- Yes in 2015, so a sump pump and flood barriers have been installed. Additional information can be obtained via the Environment Agency
Planning Permissions:- None
THE DEVELOPMENT:-
Fearn Island Mills is a small development, consisting of 2 grade II listed former mills and a striking 6 storey new-build with cedar wood detailing. It occupies a fabulous south facing position, where most apartments have character and views towards the River Aire and Leeds Dock beyond.
ENTRANCE:-
From the developments central courtyard, you enter the apartment via your very own brick vaulted archway complete with lighting at floor level. LIVING SPACE:- Simply epic and dominated by extensive open brickwork, barrel vaulted ceilings and exposed structural columns. LED feature lighting runs throughout and the space benefits from a large media wall ideal for mounting a flat screen TV.
KITCHEN:-
Extensive in size and U-shape in configuration with a wide range of gloss white ball and base units, fitted with soft closers - all finished with stunning black granite worktops. Bosch branded appliances include, a separate fridge and freezer, full size dishwasher, washer/dryer, two fan assisted electric ovens and double halogen hobs - perfect for the professional home Chef!
BEDROOM 1:-
Stunning and occupying a dual aspect position, with an oversized warehouse window and curved wall made of glass bricks - which flood the space with light. There is ample space for a queen size bed, side tables and extensive wardrobes. There is also the added benefit of access to an unbelievable en-suite - with triple shower, dual sinks and a spa with water jets.
BEDROOM 2:-
Equally impressive, with built-in wardrobes and a curved wall made of glass bricks. It easily allows for a king size bed, side tables and drawers making it ideal for occasion guests. The room also has access to an incredible suite shower room. Complete with digital corner shower unit, with multiple shower heads, seat, audio and steam function.
BEDROOM 3:-
Currently arranged as a gym, it could easily be turned into a third bedroom, home office or snug - making it a flexible space for the future resident.
BATHROOM:-
Located off the internal hallway and generous in size, it encompasses a bath for two, wall mounted mirror, designer fixtures and fittings and oval sink with wooden storage below. Access to a large cylinder/storage cupboard, is made available from this room - ideal for storing bulky items away.
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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