2 bedroom apartment for sale

£95,000 OIRO

2

Bedrooms

Floorplan

Martin and Co are delighted to welcome you to the highly sought after Gilmartin Grove in a coveted location close to the Town Centre. This property features two well-proportioned bedrooms, bathroom, generous kitchen and living area for gathering and entertaining as well as gated parking. This Gilmartin Grove jewel is complemented by its impressive locale, just a short distance away you will find the "Liverpool Lime Street" transit station and "Liverpool Central" train station for easy commuting around the city. Other nearby amenities include "Royal Liverpool University Hospital", "University of Liverpool", and the "World Museum" adding to the convenience and rich cultural exposure of this home. Perfect for young professionals, students, or small families or a discerning landlord with its excellent rental potential, this understated gem is a great blend of comfort and location. EPC GRADE = C
Leasehold - 106 years
Service charge- 1675.52
Ground rent - 150 pa
Building insurance 680.70 yearly
Council Tax Band- B

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

HALLWAY 15 4" x 3 8" (4.69m x 1.13m) An inviting hallway having wood effect flooring, storage cupboards, intercom entry system, power points, radiator and access to all rooms.

LOUNGE/KITCHEN 20 1" x 16 7" (6.14m x 5.06m) A wonderful bright and spacious open plan lounge/dining space, having wood effect flooring, power points, two radiators, open plan to the kitchen and three UPVC double glazed windows throwing in streams of natural light.

KITCHEN AREA Having a range of matching wall and base units with worktop over, stainless steel sink and drainer with tap over and UPVC double glazed window above, electric hob inset to worktop with extractor hood over, integrated oven underneath, space for fridge freezer, and washing machine, part tiled walls, power points, breakfast bar and open plan top the dining area and lounge.

MASTER BEDROOM 12 4" x 8 4" (3.76m x 2.55m) Great sized light and airy master bedroom having wood effect flooring, radiator, power points and UPVC double glazed window.

BEDROOM TWO 12 2" x 7 3" (3.73m x 2.22m) Another bright and spacious bedroom having wood effect flooring, storage cupboard, power points, radiator and UPVC double glazed window.

BATHROOM 6 6" x 6 1" (2.00m x 1.87m) Fully fitted bathroom with low level WC, sink inset to worktop, panelled bath and shower over, wood effect flooring, part tiled walls, towel rail and a UPVC double glazed frosted glass window.

OUTSIDE The property is entered through gates where there is plentiful parking available at the complex.

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

£ 76325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 2375
  • 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

£ 5075
  • 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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