2 bedroom apartment for sale

£400,000 Guide Price

2

Bedrooms

Floorplan

PROPERTY DETAILS Presented to the market with no onward chain, this stunning, immaculately presented apartment is located on the first floor of the highly sought after Epsom House. As the ex-show home, the property has been fitted with high quality fixtures and fittings and is in prime location for convenient access to the private residents gym, allocated parking in the gated carpark and concierge front desk. The property has been fitted with underfloor heating throughout and the owner has advised that they would be willing to negotiate the sale of the furniture with the property.

The property itself is light and airy throughout and has been improved by the current owner with the addition of tasteful dcor and feature walls. The stylish open plan reception room and kitchen is enviably large with sliding glass doors out to the balcony, big enough for outdoor furniture. LED spotlights have been fitted throughout for an ambient glow as well as being well known for their cost-effective nature. The kitchen has been fitted with an induction hob, Zanussi dishwasher and standing height AEG oven.

Both of the bedrooms are spacious doubles, with ensuite to the main fitted with rainforest shower and built in vanity sink. Floor to ceiling mirrored wardrobes have also been fitted by the current owner and there are views out to communal garden space from this room. The main bathroom is fitted with shower over bath and heated towel rack.

There is plenty of built in storage to be found, with two deep cupboards for space saving solutions.

The gated car park is accessed with key fob and an easy drive up to the parking bay on the first floor, meaning that the allocated space is on the same level as the apartment. Shared EV charging is available for those who need it. Lift access to all floors ensures convenient transit to the apartment and the communal gardens located on the 4th floor, again only accessible to residents. The residents gym is also accessed with key fob and is located on the ground floor, as well as the concierge desk, which also handles the receipt of parcels to the property.

The location within Staines town centre is ultra-convenient, with all shops, restaurants and amenities with easy reach. The train station is approximately 0.3 miles to walk, with regular links between London and Reading.

FURTHER DETAILS Tenure - Leasehold
Lease Length - 990 years remaining
Service Charge - 1,500 p6m
Ground Rent - 300pa
Building Insurance - Approx 500pa

Council Tax Band D

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

£ 332700

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
    £ 10000
  • 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

£ 32700
  • 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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