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£120,000
Bedrooms
Bathrooms
Reception
Conveniently situated within Watton town centre, Longsons are delighted to bring to the market this fully renovated, extremely well presented first floor one bedroom flat. This fantastic property is ready to move straight in and offers easy, modern living with gas central heating, UPVC double glazing, open plan living area & kitchen and utility cupboard.
Viewing highly recemmended.
Offered for sale CHAIN FREE!
Briefly, the property offers communal entrance hall, flat entrance hall, open plan lounge/kitchen, bedroom, bathroom, gas central heating and UPVC double glazing.
WATTON
The well served market town of Watton is in the district of Breckland, perfectly positioned for access to the whole of Norfolk and North Suffolk, this town is thought to be where the `Babes in the Wood` were abandoned in Wayland Wood. There is a traditional market held every Wednesday morning with produce including freshly caught fish, and there are two supermarkets and a number of independent shops, cafes, restaurants and pubs to enjoy. Within reach is the popular Thetford Forest Park, a number of golf courses, other market towns and not forgetting the cathedral city of Norwich. Swaffham 10 miles; Thetford 15 miles; Norwich 23 miles.
Communal Entrance Hall
Entrance door to flat.
Flat Entrance Hall
Built in utility cupboard with space and plumbing for washing machine and wall mounted gas central heating boiler, entrance inter-com system, radiator.
Open Plan Kitchen/Living/Area - 230' (7.01m) x 1311' (4.24m)
Modern fitted kitchen units to wall and floor, oak work surface over, stainless steel sink unit with mixer tap and drainer, integrated electric oven and ceramic hob and extractor hood over, space for under counter fridge/freezer, UPVC double glazed windows to front and rear aspect, radiator.
Bedroom - 130' (3.96m) x 105' (3.18m)
UPVC double glazed window to front aspect, radiator.
Bathroom
Bath with shower over and shower screen, tiled splashback, wash basin, WC, obscure glass UPVC double glazed window to rear aspect, extractor fan, radiator.
Agents Note One
EPC rating C79 (Full copy available on request)
Council tax band A (Own enquiries should be make via Breckland District Council).
Agents Note Two
Please note: This is a leasehold property, we have been advised there is approx. 119 years remaining with a current service charge ?450 per annum and ground rent ?150 per annum approx.
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Lease Length
119 Years
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Cable
Telephone: None
Other Items
Heating: Gas Central Heating
Garden/Outside Space: No
Parking: No
Garage: No
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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