1 bedroom apartment for sale

£120,000

1

Bedrooms

1

Bathrooms

Floorplan

SUMMARY '''Prime City Living: Modern Ground Floor Apartment with Parkside Location'''
This superbly located ground floor apartment offers an exceptional blend of convenience and lifestyle, situated directly opposite the picturesque Freedom Fields Park and within easy walking distance of Plymouth City Centre. The park offers a delightful green space and boasts impressive, far-reaching views across Plymouth Sound.

LOCATION Nestled on a private, highly-regarded road, this location provides a tranquil residential retreat directly overlooking the sprawling green space of Freedom Fields Park. Residents enjoy immediate access to this beautiful open area, which is highly prized for leisure and recreation.
Queens Gate Villas offers a unique lifestyle proposition: the spacious elegance of a period home, the tranquility of a park-side setting, and the ultimate convenience of city living. This location remains a prime investment and an aspirational address in the heart of Plymouth.

DESCRIPTION The residence is accessed via a private entrance leading into the main reception hallway. The heart of the home is the bright and contemporary open-plan kitchen/living/dining area. This space is designed for modern, relaxed living and is fitted with a range of wall and base units, complete with a fitted electric cooker, hob, and under-counter refrigerator.
Accommodation is completed by a well-proportioned double bedroom, featuring stylish and practical mirrored fitted wardrobes that maximise storage and light. The property is served by a main bathroom, which is equipped with a white three-piece suite and a shower fitting over the bath. Comfort is assured year-round with the benefit of an efficient gas central heating system.
Externally, the property offers highly valuable supplementary features. Residents have access to a pleasant communal courtyard, providing an outdoor area for relaxation. Furthermore, the apartment benefits from private, lockable cellar storage, which is exceptionally useful and includes dedicated plumbing provision for a washing machine.
A significant advantage for residents is the non-permitted parking available directly outside the property on a first-come, first-served basis, offering coveted convenience in this central city location.
This apartment presents an excellent opportunity for first-time buyers, downsizers, or investors seeking a modern, easily maintainable property in a central, park-side setting.

VIEWINGS Interested applicants should contact Martin & Co today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Simply conveyancing. It is your decision whether you choose to deal with Simply. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

Features
  • Freehold

Map location is not available for 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

£ 95700

Mortgage Loan to Value

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Gross Yield

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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
    £ 3000
  • 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

£ 5700
  • 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

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  %

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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