2 bedroom apartment for sale

£279,995

2

Bedrooms

Floorplan

A stunning two bedroom apartment located in the town centre, just a short walk from the train station.
Comprising an open plan living area with a fully fitted kitchen area with appliances, two bedrooms, bathroom and en-suite shower room. The converted Art Deco style building has a stunning communal hallway.
There is an allocated parking for one car plus visitor parking for another car.

COMMUNAL DOORS TO

COMMUNAL ENTRANCE HALL There is a grand entrance to the North of the building, with a stunning Art Deco reception hall linking the North entrance to the original South entrance. The design has been sympathetically merged with the original Art Deco features, which has resulted in a variety of apartment layouts, while the original curved stairs act as a focal point that links every floor, with individual post boxes.

FRONT DOOR TO

ENTRANCE HALL Down lights, thermostatic control for central heating, video security entrance phone. Storage cupboard which has the heat exchange unit and Hyperoptic fibre is here should you choose to use them as a company.

LIVING ROOM/KITCHEN 23 0" x 12 10" (7.02m x 3.93m) Dual aspect double glazed windows, two radiators and carpet in the living area. In the kitchen area there is a 1 1/2 stainless steel sink unit with mixer taps with single drainer with cupboard under and a further range of matching cupboards and drawers. There is a built-in fridge/freezer, built-in washer/dryer, built-in slimline dishwasher and double electric oven with electric hob with extractor over. There is under cabinet lighting and down lights. Small breakfast bar.

BEDROOM 1 14 6" x 8 10" (4.43m x 2.70m) Double glazed window, radiator and carpet. There is a double built in wardrobe with shelf and hanging space

ENSUITE SHOWER ROOM Shower cubicle with rain-head shower, glass shower door and wall hung sink unit, low level W.C, electric towel radiator, part-tiled walls and shaver point

BEDROOM 2 11 0" x 8 11" (3.36m x 2.73m) Double glazed window, radiator and wardrobe and shelf and hanging space

BATHROOM Bath with mixer taps with shower over, wall hung sink unit and low level W.C. There are part-tiled walls, shaver point and electric towel radiator.

PARKING Allocated Parking for one car and visitor parking.

MATERIAL INFORMATION Council Tax Band: C
Basingstoke and Deane
EPC Rating: B
Tenure: Leasehold

Lease Details:
999 Years from 1st January 2017. 992 years remaining.

Service Charge:
1,627.08 per annum.

Ground Rent:
200 per annum, increasing every 15 years in line with RPI.
The next review date is 1st January 2032.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 233695.875

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6999.875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 23699.625
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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