2 bedroom apartment for sale

£220,000

2

Bedrooms

2

Bathrooms

Situated in a sought-after location with excellent public transport links, nearby schools, and easy access to a range of local amenities, this neutrally decorated first floor flat presents an exceptional opportunity for first time buyers and investors alike. The property offers two well-proportioned bedrooms, including a master bedroom with the added luxury of an en-suite and built-in wardrobes, providing both comfort and convenience. The second bedroom, a single, also benefits from built-in wardrobes, making optimal use of space and ensuring ample storage.

The flat features a welcoming separate reception room, ideal for relaxing or entertaining guests. A modern EPC rating of B underlines the homes impressive energy efficiency, ensuring lower utility costs and a reduced environmental impact. With two bathrooms, morning routines and busy evenings are easily accommodated for families or sharers.

Further advantages include two dedicated parking spaces, a rare asset in such a prime location, as well as access to a communal garden, offering residents a peaceful outdoor retreat. Served by a lift, the first-floor position offers both security and convenience.

Residents will also benefit from the propertys placement within council tax band C. With its appealing layout, excellent decorative order, and array of desirable features-including secure parking and communal green spaces-this property provides a move-in ready solution that caters to a modern lifestyle. Arrange your viewing today to fully appreciate the outstanding quality and superb location this flat has to offer.





TENURE - LEASEHOLD Service charges - 2055.82 pa
Ground Rent - 170.00pa
Lease years remaining 100
(125 from 1st July 2000)

HALL 3.56m x 2.67m Intercom, Storage cupboard

KITCHEN 3.01m x 2.45m Good range of wall and base units, Integral Fridge Freezer, Dishwasher, oven and hob with overhead extractor space for washing machine.

LOUNGE 4.20m x 3.0m Front Aspect

MASTER BEDROOM Front Aspect with fitted wardrobe.

ENSUITE White suite, hand basin, panelled bath with shower hose, low level WC

BATHROOM 1.98m x 1.56m White suite comprises low level WC, handbasin, shower cubicle, thermostatic shower.

BEDROOM 2 2.83m x 2.44m Single room with fitted wardrobe.

TWO CAR PARK SPACES

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

£ 173200

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
    £ 5500
  • 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

£ 8200
  • 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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message