2 bedroom apartment for sale

£102,500

2

Bedrooms

SUMMARY This modern two bedroom apartment located on the third floor is perfect for those seeking a stylish and convenient home. Situated in a desirable village location, the apartment offers excellent access links to Chesterfield and Sheffield, while also being a short distance of a range of local amenities.

The property boasts a well presented open plan living space, featuring a fantastic modern kitchen. There are two double bedrooms and a modern bathroom suite, all finished to a high standard. Additionally, there is allocated parking for one vehicle for your convenience.

ENTRANCE HALLWAY The entrance unfolds into a hallway, featuring a central heating radiator and a spacious cloakroom providing ample storage for coats and belongings, while an intercom system enhances security and convenience.

OPEN PLAN LIVING AREA Bathed in light, this spacious open plan living area seamlessly blends kitchen, dining, and relaxation. Upvc double glazed windows and Juliet balcony doors flood the space with natural light, while two central heating radiators ensure year round comfort. Modern convenience is at your fingertips with an array of power points and a dedicated TV point.

The sleek white kitchen boasts high gloss wall and base units complemented by stylish roll edged work surfaces. A stainless steel sink with mixer tap makes washing up a breeze. Equipped for culinary adventures, the kitchen features a fitted electric oven, a four ring gas hob with a modern extractor fan above, and integrated appliances including a fridge freezer and washer/dryer.

BEDROOM ONE The inviting principal bedroom features French doors opening onto a Juliet balcony, perfect for enjoying fresh air. A central heating radiator ensures year round comfort, while conveniently placed power and TV points cater to your relaxation needs.

BEDROOM TWO Another well proportioned bedroom features a double glazed window for natural light, a central heating radiator for comfort, and a TV aerial point for entertainment.

BATHROOM The three piece suite features a panelled bath with a convenient overhead shower. A pedestal hand basin and a low flush WC complete the suite. The walls are partially tiled for a clean and modern aesthetic, complemented by comfortable cushioned flooring. There is a central heating radiator, while the extractor fan ensures proper ventilation. Rear facing obscured double glazed window and a large storage cupboard neatly conceals the wall mounted combination boiler.

OUTSIDE One allocated parking space.

AGENCY NOTES TENURE - LEASEHOLD

REMAINING YEARS LEFT ON LEASE 116

SERVICE CHARGE 1200
GROUND RENT 200


EPC - C

COUNCIL TAX BAND - A

Services: Mains water, electricity and drainage are connected along with a gas fired central heating system. Please note, we have not tested the services or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.


DISCLAIMER Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information. Do so, particularly if contemplating travelling some distance to view the property.

All measurements have been taken using a sonic / laser tape measure and therefore, may be subject to a small margin of error.

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

£ 82137.5

Mortgage Loan to Value

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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

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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
    £ 2562.5
  • 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

£ 5262.5
  • 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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