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£155,000 Offers over
Bedrooms
Bathrooms
Minors & Brady are pleased to present this spacious and well presented, two bedroom, second floor flat tucked away to the north of Norwich with accommodation comprising entrance hall, two double bedrooms, open plan lounge/kitchen/diner with balcony and a newly fitted, High spec, three piece bathroom suite. Outside there are well maintained communal grounds, parking on a first come, first serve basis and a storage shed. The flat benefits from double glazing, gas fired central heating with new boiler installed in 2018, is in good condition throughout and would make a great first time purchase or buy-to-let investment.
Minors & Brady are pleased to present this spacious and well presented, two bedroom, second floor flat tucked away to the north of Norwich with accommodation comprising entrance hall, two double bedrooms, open plan lounge/kitchen/diner with balcony and a newly fitted, High spec, three piece bathroom suite. Outside there are well maintained communal grounds, parking on a first come, first serve basis and a storage shed. The flat benefits from double glazing, gas fired central heating with new boiler installed in 2018, is in good condition throughout and would make a great first time purchase or buy-to-let investment.
Location Located just under 3 miles out of the city centre, this popular location is perfect for families. Offering, schools, bus routes to the centre, local shops and pubs it has something for everyone. This location also holds easy access to the ring road surrounding the city of Norwich.
Open plan living room/kitchen/dining room 25 10" x 10 9" (7.87m x 3.28m) Double glazed windows to front and rear, two radiators, door to balcony. Fitted wall and base units with worktops over, sink and drainer, four ring gas hob with extractor over, fitted oven, space for fridge/freezer and washing machine, storage cupboard, sound proofed walling.
Bedroom one 14 5" x 9 11" (4.39m x 3.02m) Double glazed window to rear, radiator, built-in wardrobes.
Bedroom two 10 5" x 8 2" (3.18m x 2.49m) Double glazed window to front, radiator, storage cupboard.
Bathroom 10 11" x 5 6" (3.33m x 1.68m) This three piece suite is comprised of a WC, hand wash basin and a bath with overhead shower, laid to tiled flooring with tile splash back and a heated towel rail.
Outside Well maintained communal grounds, storage shed, car park on a first come, first serve basis.
Agents notes Minors & Brady understand this property to be leasehold €“ Term 125 years from 24 May 2004. Please note ground rent is 10 per annum and service/maintenance charges are 268 per annum. This property benefits from central heating and doublle glazing throughout
Council Tax band: A
disclaimer: We endeavour to make our adverts accurate and correct, and ask our sellers to approve these details prior to going to market, however these do not form any part of a contract and any buyers are advised to check the details upon viewing, including any specifications, sizes and whats included on their fixtures and fittings forms when purchasing.
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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