1 bedroom apartment for sale

£125,000 OIRO

1

Bedrooms

Floorplan

Martin and Co are delighted to bring to market this fabulous waterside apartment, nestled in the highly sought after Princes Dock and within walking distance from Liverpool city centre business district, bars, restaurants and the World famous Royal Albert Dock and Pier Head. The local community sizzles with life and activity, home to major attractions such Liverpool ONE, an ideal destination with some splendid retail therapy being merely a stones throw away. Satisfy your thirst for history and culture with close proximity to the globally renowned Museum of Liverpool and Central Library. Uncover the ultimate city lifestyle with this home that offers a delightful fusion of convenience and sophistication in a much-coveted location. Perfect if youre looking to immerse yourself in all the exciting opportunities that Liverpool has to offer. Step up to an exclusive lifestyle by making this property your new home. This apartment could also be an ideal opportunity for investors as it can be sold with tenant in situ (if wished) with a 7.6% Yield. CALL NOW TO VIEW. NO CHAIN.
EPC GRADE = C

All measurements are approximate and cannot be relied upon for any future purpose and no liability is taken for any errors.

Years left on lease - 121
Ground rent - 250pa
Service charge - 1,741 + 823 (Structural service charge)

HALLWAY 3 11" x 10 9" (1.196m x 3.277m) An inviting hallway setting the style and size of this great apartment, having intercom entry system, storage cupboard and access to all rooms.

LIVING AREA/KITCHEN 13 5" x 17 6" (4.094m x 5.344m) A wonderful light and airy open plan living area and kitchen with plenty of room for a dining table and chairs and still offering a lovley open spacious feel. Having wood effect flooring, power points, radiator and good sized window throwing in streams of natural light.

KITCHEN AREA The stylish contemporary kitchen area has a range of matching wall and base units with worktop, integrated fridge and freezer, space and plumbing for washing machine, integrated dishwasher, stainless steel sink with mixer tap over, fitted oven and hob, double glazed windows and power points and open plan to the living room.

BEDROOM 9 10" x 13 6" (3.006m x 4.123m) A spacious and light filled bedroom with power points, storage radiator and double glazed window.

BATHROOM 5 5" x 7 4" (1.652m x 2.244m) Fully fitted bathroom with low level W.C, wash hand basin, panelled bath with shower over, fully tiled walls and mirror storage unit.

OUTSIDE Situated close to the Leeds Liverpool Canal and the wonderful Liverpool waterfront where you will find a selection of cafes and seating areas along the way to while away those wonderful sunny days.

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

£ 99575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 3125
  • 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

£ 5825
  • 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

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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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