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£245,000
Bedrooms
Bathrooms
This impressive one bedroom third floor apartment is part of the impressive, restored Rowntree chocolate factory and has the huge benefit of an allocated parking space.
The property must be viewed to appreciate both the substantial development and the level of finish on offer. Set just off Haxby Road amongst delightful communal gardens, the property offers good links with the city centre and many additional amenities nearby. There is also a simple route out towards the ring road.
The apartment is reached via a large, secure communal hallway with either lifts or a staircase to reach the third floor. The property itself is entered straight into the heart of the home, a generous open plan lounge/diner and fitted kitchen. The whole space is bathed in light from large windows that offer excellent views over the communal gardens and towards Haxby Road. The fitted kitchen has a range of modern wall and base units and built-in appliances including an oven, hob, extractor, fridge, freezer, microwave and a dishwasher. There is also access to a utility cupboard housing a hot water tank, a free-standing washer/dryer and a ventilation system. The accommodation then continues with a double bedroom with a useful built-in wardrobe. Finally, there is a contemporary three-piece bathroom with a shower over the bath and a heated towel rail. There are the additional advantages of high ceilings, spotlighting, electric heating and high-performance double glazing throughout. There is an on-site concierge and development is continuing on a library/workspace and potential caf and shop.
Outside the development is one allocated parking space, placed close to the communal entrance and the wonderful communal gardens.
This is a leasehold property. The lease is 999 years from 29/9/2023, so in August 2024 there are 998 years remaining. The latest service charge is 2616.04 per annum and there is no ground rent.
The property is connected to a mains electricity supply, with mains water supplied by IWNL (Independent Water Networks). For information on the broadband types available in the area, mobile availability at the property, please either check the Ofcom website or contact the office for specific details and suppliers available.
Communal Entrance
Secure entrance door and either lifts or staircase leading to the third floor.
Lounge/Diner and Open Plan Kitchen 258' x 174' (7.82m x 5.28m)
Entrance door, video entry system, two electric storage heaters and windows to front elevation.
Fitted Kitchen
Wall and base units, work surfaces, sink, built-in electric oven, hob, extractor, fridge, freezer, dishwasher and a microwave.
Utility Cupboard
Hot water tank, washer/dryer, ventilation system, consumer unit and electric meter.
Bedroom 13 x 98' (3.96m x 2.95m)
Windows to front elevation, electric panel heater and built-in wardrobe.
Bathroom
Three piece suite with bath with shower over, sink, W.C., heated towel rail and mirror.
Exterior
Communal gardens and allocated parking space.
Material Information
Leasehold. Council tax TBC.
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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