2 bedroom apartment for sale

£315,000

2

Bedrooms

2

Bathrooms

Floorplan

PROPERTY DETAILS Built in 2014 and situated just a stones throw from Wokingham train station, this stunning, top floor apartment is ideally located for easy access to Wokingham town centre, leisure facilities and easy links to Reading, The Elizabeth Line and London.

The property is presented in excellent order throughout and decorated in light and airy tones. The large reception room and kitchen is laid out in modern, open plan design, complimented by the skylight allowing natural light to illuminate the space. There is plenty of room for a dining table, sofas and other furniture, plus the eaves storage to the side providing space saving solutions. The stylish kitchen is fitted with integrated hob and cooker. Real wooden flooring has been laid throughout this room and the hallway, leading to the two double bedrooms - one with ensuite shower room. More eaves storage can be found in the 2nd bedroom, plus room for extra furniture such a wardrobes and drawers. The main bathroom is fitted with three piece suite and shower over bath. Completing the property is the storage cupboard in the hallway, which currently stores the washing machine.

Externally, there are communal gardens and an allocated, off road parking bay. Access to the building is via secure telephone entry.

This property is presented to the market with no onward chain and is ideal for first time buyers and investors alike. Call now to book your viewing!

WOKINGHAM Wokingham Town is regularly voted in the top 10 most desirable places to live in England. With low crime rates, a newly refurbished town centre, fantastic range of shops, bars and restaurants and many local community events throughout the year.

Communications in the area are excellent with junction 10 of the M4, 8 miles away and junction 4 of the M3, 6 miles away, providing direct access to central London, the national motorway network, Heathrow and Gatwick airports. Regular commuter trains run from Wokingham to London Paddington taking about 44 minutes.

Also nearby are many noteworthy landmarks and beauty spots including Heathlake Nature Reserve and Wildmoor Heath Nature Reserve and great sporting facilities at East Berkshire Golf Club, Wellington Health and Fitness Club and David Lloyd Royal Berkshire Club.

FURTHER DETAILS Tenure - Leasehold
Lease Length - 125 years from November 2013 - 113 years remaining
Ground Rent - 300pa
Service Charge approx. 1,800 p6m
Council tax band - C

References to the Tenure of a Property and additional costs are based on information supplied by the Seller. A Buyer is advised to obtain verification from their Solicitor.

Features
  • Freehold

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

£ 262575

Mortgage Loan to Value

%

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

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 7875
  • 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

£ 26325
  • 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

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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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