2 bedroom apartment for sale

£195,000

2

Bedrooms

2

Bathrooms

Floorplan

Presenting this neutrally decorated two-bedroom flat, offered for sale in a sought-after location with excellent access to public transport links, schools, and a range of local amenities. This property is ideal for first-time buyers, investors, or families seeking a comfortable and contemporary home.

Step inside to discover a spacious reception room, illuminated by large windows that fill the space with natural light. New lounge carpeting adds a fresh and welcoming appeal. The clever design features double doors from the lounge into the kitchen, allowing for the option of open-plan living or a more separate arrangement, tailored to your preference.

The kitchen benefits from an abundance of natural light and comes complete with integrated appliances, providing both functionality and style for everyday living.

There are two well-proportioned bedrooms, including a master bedroom with its own en-suite, offering a peaceful retreat and an elevated level of privacy. The second bedroom is a versatile large single room, making it suitable for a childs room, guest room, or home office.

Additional unique features include convenient gated parking, enhancing the practicality of this appealing home. The property is offered in Council Tax Band B.

Viewings are highly recommended to fully appreciate the comfortable living spaces, thoughtful layout, and prime location that this property provides. Do not miss the opportunity to secure this excellent flat in a desirable setting.



HALL 3.20m x 3.12m Storage cupboard and intercom

MASTER BEDROOM 3.55m x 3.37m Front aspect

ENSUITE 1.78m x 1.49 Shower cubicle, hand basin, low level WC, heated towel rail

BEDROOM 2 2.08m x 2.08m Large single

KITCHEN 3.56m x 2.01m Good range of wall and base units, integrated dishwasher, washing machine and fridge freezer. Gas hob and electric oven. Tiled floor, window to rear aspect.

TENURE Leasehold

SERVICE CHARGE 1690 PA AND GROUND RENT 170PA

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

£ 153825

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
    £ 4875
  • 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

£ 7575
  • 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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