2 bedroom apartment for sale

£269,000

2

Bedrooms

Floorplan

Situated in the heart of Southbourne is this ground floor apartment found in this wonderful character building, and sat just a short stroll from the very popular Southbourne Grove. Southbourne is a popular, relaxed suburb of Bournemouth, known for its Blue Flag beaches, independent shops, and excellent transport connections. It is the ideal place for families, retirees, and young professionals alike, offering a mix of amenities and proximity to Bournemouths attractions.

This two double bedroom apartment sits on a corner plot that provides you with off street parking for a car and garden space that wraps around the property with a south facing aspect. The garden is surrounded by shrubs making it a wonderful private space to enjoy. There is also a private entrance to the property with porch area.

As we step inside the property we enter the porch which is an ideal space to kick off the sandy boots and hang up the wet coats. Next we are greeted with a family bathroom providing enough space for a full size bath tub, shower over the bath, hand wash basin and W/C. There are white tiled walls around the bathtub and the sink for easy maintenance.

The kitchen is good size and boasts a range of under and over counter units, serving hatch, breakfast area, and space for the all-important appliances such an electric hob, oven, washing machine and dishwasher. There is plenty of counter top space and window for added ventilation.

The lounge is a great place to come home to with 1110 x 112 of living space to enjoy, and boasts a carpeted floor two large windows that flood the room with light and chimney breast.

The bedrooms are a great size with both the master bedroom and second bedroom benefiting from the South facing windows overlooking the garden space. Both rooms are carpeted and would suit all ages of both children and adults.

The property offers gas central heating, double glazed windows, and sits in the catchment area of good local schools such as Stourfield infant and Junior school. Motorways are easily accessed to help you get in and out of Bournemouth. Southbourne offers a great public transport links with buses towards Christchurch and Bournemouth Town Centre.


Agent Notes
Tenure Leasehold
Lease Length - 150 Years Remaining
Service Charge As and When Basis
Ground Rent - Peppercorn
Council Tax Band - B
Holiday lettings Not Permitted
Pets are permitted with permission
All Mains Utilities are Connected


1. Money laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: while we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Martin and Co Bournemouth limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

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

£ 224625

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 6725
  • 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

£ 22875
  • 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

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  %
£
  %

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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