3 bedroom apartment for sale

£290,000 Offers over

3

Bedrooms

2

Bathrooms

Floorplan

Martin & Co are delighted to bring to market Number 17 Allanwater Apartments, a beautifully proportioned upper-level three-bedroom apartment within the prestigious and characterful former Allanwater Spa Hotel in Bridge of Allan. Originally constructed in the mid-19th century and converted to quality residential apartments in the late 1970s, the building blends period charm with modern convenience, including lift access and well-maintained communal areas.

This spacious and bright apartment offers generous room sizes throughout, with three large double bedrooms, an en-suite, and excellent storage, all set within the well-maintained communal grounds.

The home comprises of: Entrance Hall, Hallway, Lounge, Kitchen/Diner, Master Bedroom with En-Suite Shower Room, Two Further Double Bedrooms, Bathroom and Multiple Storage Cupboards.

Entry to the property is via both a front and rear door, the latter providing direct access to the communal hallway and lift. A welcoming hallway with two storage cupboards provides access to all rooms.

To the right, the lounge is impressively spacious, filled with natural light via traditional sash and case windows which benefit from secondary glazing, and offers a fantastic area for both relaxing and entertaining.

The kitchen/diner is another standout feature - extremely well-sized with a central island, ample fitted units, and room for a dining table, ideal for family life or entertaining guests. Entry from the rear door leads through into the kitchen.

The master bedroom offers fitted wardrobes and a modern en-suite shower room, while the second and third bedrooms are both generous doubles, also with built-in storage. The third bedroom is currently being utilised as a second sitting room. All bedrooms are carpeted throughout.

The family bathroom has a stunning walk-in shower and neutral dcor ready for personalisation.

Garage space comes included with the property. The garage is large enough to accommodate 1 car for reference.

The apartment benefits from impressively high ceilings and exceptional room sizes throughout, creating a wonderful sense of space and light in every room. From the expansive living areas to the generously sized bedrooms, this home offers a superbly balanced layout thats both practical and elegant. It also presents an excellent opportunity for personalisation, allowing the next owner to add their own style and flair while enjoying the solid foundations and timeless charm already in place.

Location:
Bridge of Allan is a vibrant former spa town offering a rich blend of independent shops, cafs, restaurants, and everyday amenities. Excellent schooling is available locally, with Wallace High and a range of independent schools including Fairview, Dollar Academy and Morrisons Academy nearby. Stirling University and its public sporting facilities are also close at hand. The area is ideal for outdoor enthusiasts, with woodland walks and green spaces in abundance.

Transport links are excellent, with Bridge of Allan Railway Station providing regular services to Edinburgh, Glasgow, and further afield. The M9 and A9 road networks are nearby, and both Edinburgh and Glasgow airports are easily accessible.

All measurements and floor plans are available via our virtual tour.

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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 241950

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
    £ 7250
  • 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

£ 24450
  • 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.

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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

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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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