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£324,500 Guide Price
Bedrooms
Bathrooms
Top floor apartment with underground parking, concierge and balcony overlooking the communal gardens.
This well presented top floor apartment, is offered to the market with no onward chain.
Providing two double bedrooms, spacious lounge with open plan kitchen, family bathroom and en-suite to the master bedroom, utility cupboard with plumbing for washing machine, excellent storage and secure underground parking.
The kitchen is well appointed with built-in appliances and there is a private balcony off the lounge which overlooks the internal communal courtyard.
Being at the rear of the development, the apartment is exceptionally quiet and does not suffer from road noise.
The development is complimented by a host of practicalities including a concierge service, lifts and secure underground parking with 24 hour security.
Ideally located in the centre of Walton-on-Thames, the property is superbly located for the plethora of high street shops, wine bars, pubs, restaurants, bistros and boutiques.
There is also an Everyman cinema on your door step.
Walton-on-Thames mainline station is approx. 1 mile away providing access to London Waterloo in approximately 30 minutes.
EPC Rating B.
Lease - 240 years from 1st January 2006
Service Charge currently 1200 per quarter
Ground Rent - 250.00 PA
Elmbridge Borough Council - Tax Band E -2,851.20
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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