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£350,000
Bedrooms
Bathrooms
An attractive and well-presented block of six self-contained flats situated on Apsley Road. The property offers a strong investment opportunity with excellent income potential and flexible letting options.
The accommodation comprises:
2 x Studio Flats
2 x 1-Bedroom Flats
1 x Large 1-Bedroom Flat
1 x 2-Bedroom Flat
Internally, the property has been modernised throughout, with bright and stylish living spaces, contemporary kitchens, and updated bathrooms (see photos). A rear courtyard provides additional outdoor space.
Currently, 3 of the 6 units are let on regular company AST agreements, while the remaining 3 are vacant, offering scope for immediate rental uplift.
With a potential gross income of 52,800 per annum and a yield of approximately 15%, this is a high-performing investment opportunity.
The property is suitable for both long-term residential lets and serviced accommodation, giving investors maximum flexibility in strategy.
Communal Entrance Hall
Composite entrance door, stairs to first floor, locked under stairs storage cupboard, door to Flat 1, door to rear hallway. Rear hallway has a plant room containing Ideal Logic Plus gas boiler, upvc door to outside courtyard space with outside tap.
Covered Communal Laundry/Utility/Garage
Storage cupboards and wall units, washing machines, sink. Outside wc.
Ground Floor Flat 1 Hall
51' x 36' (1.55m x 1.09m)
Doors off to
Flat 1 Living Room
164' x 160' (5.00m x 4.88m)
Upvc double glazed bay window to front, built in TV and data points, feature fireplace with decorative tiled surround.
Flat 1 Kitchen
109' x 611' (3.30m x 2.11m)
Fitted with a range of wall and base units with roll edge worksurfaces over, inset electric hob with cooker hood over, built in electric oven, stainless steel sink and drainer with mixer tap, space for fridge/freezer, upvc double glazed window to rear.
Flat 1 Bedroom
153' x 111' (4.65m x 3.38m)
Built-in cupboard (access to stopcock), upvc double glazed door to rear
Map location is not available for this property.
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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