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£170,000
Bedrooms
Bathrooms
''RIVER VIEWS'' 2nd floor level ''ALLOCATED PARKING'' 449 sqft ''25PA GROUND RENT'' sough after location ''REASONABLE SERVICE CHRAGE'' updated bathroom and kitchen ''AVAILABLE IMMEDIATELY''
EPC Rating D.
Viewings available from the 22nd July - so please call to book your slot.
Located off Dock Street and forming part of the sought after development of Victoria Quays, is this characterful one-bedroom apartment.
Covering 449 sqft, the open plan living space allows for both lounging and dining both of which benefit from a large picture window with deep windowsill.
One allocated parking space is included.
Available immediately and sold chain free.
Please note the building doesnt have a lift.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 25pa (no review)
Service Charge - 1,704pa
Council Tax - Band C
Lease Term - 150 years less 2 days from 10 February 1988
Heating Electric storage heaters, via a meter
Water - Mains connected, via a meter
Broadband - Hyperoptic / Mobile No issues to report
Construction type Conversion
Building Safety - EWS1 exempt
Flood Risk:- Yes, the carpark in 2015
Planning Permissions:- Yes, The Calls
THE DEVELOPMENT:-
Flax House is a former warehouse, which forms part of the Victoria Quays Development, located off Dock Street. Carefully converted into 34 individual apartments, where most have either river of courtyard views, but all have an allocated parking space. This development is very central to Leeds city, so not only benefits from a stunning waterside location, but is just a short stroll from the hustle and bustle of city life.
LOUNGE / DINING ROOM:-
Spacious in size, so allowing for lounging and dining a large picture window offers fantastic views towards the River Aire beyond.
KITCHEN:-
Recessed and galley in design, with an array of matte grey wall and base cupboards, complemented by grey granite effect worktops. Built-in appliances include an electric oven, halogen hob and extractor as well as a freestanding washing machine and fridge-freezer.
BEDROOM:-
Generous in size, complete with a large picture window offering easterly facing river views - the room allows for a king-size bed, side tables and wardrobes.
BATHROOM:-
Modernised and partly tiled, with an electric shower over bath.
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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