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£120,000
Bedrooms
Bathrooms
''LIGHT AND BRIGHT'' 2nd floor ''RECESSED KITCHEN'' large feature windows ''BALCONY'' south facing aspect ''AVAILABLE IMMEDIATELY'' rents at 795pcm
EPC rating C.
Forming part of New York Apartments, is this light and bright, one bedroom apartment.
Available furnished and conveniently located opposite Leeds Market, the property offers well planned accommodation covering 450sqft.
The open plan living area is a great size and has a large feature window, which opens onto a balcony offering southerly city views.
Off the entrance is a good size double bedroom and contemporary bathroom.
Sold chain free and available immediately with a rental return of 795pcm.
Under new NTSELAT legislation, we are obliged to provide the following information:-
Ground Rent - 150pa
Service Charge - 1,506pa, including buildings insurance
Council Tax Band C
Lease Term - 125 years from June 2004
Heating Electric, via a meter
Water - Mains connected, via a meter
Broadband - No issues to report
Mobile No issues to report
Construction type Steel and concrete frame
Building Safety EWS1 compliant
Flood Risk:- No
Planning Permissions:- None
THE DEVELOPMENT:-
New York Apartments is a striking development, located on the corner of Kirkgate and Cross York Street. This quirky, angular development consists of 52 apartments, all accessed from the developments central courtyard, via open walkways - where all offer light and bright interiors and for the lucky few, private terraces.
The Northern Quarter boasts an abundance of independent bars, shops and restaurants - with Victoria Gate and John Lewis store being a very short walk away.
LOUNGE / DINING ROOM:-
The open plan living space, is a great size and occupies a south facing position. An oversized picture window, complete with French door, opens onto a small balcony offering roof top views. The room will allow for both lounging, dining for 4 and a study desk if so desired.
KITCHEN:-
Recessed and accessed from the living space, it offers gloss white wall and base units finished off with solid work tops and glazed splashbacks. Integrated appliances include a fridge-freezer, electric oven and halogen hob with extractor over - the washing machine is in the cylinder cupboard in the bathroom.
BEDROOM:-
Allowing for a double bed, side tables and wardrobes a head height window allows light into the space from the developments central courtyard.
BATHROOM:-
Contemporary, smart and bright it encompasses a 3 piece suite, with mixer-controlled shower over bath, low level W/C, floating wash hand basin with storage below, chrome fixtures and fittings and an oversized wall mirror.
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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