5 bedroom apartment for sale

£210,000 OIRO

5

Bedrooms

1

Bathrooms

CHARMING CLIFTON ROAD! CLICK ON VIRTUAL TOUR! Large five double bedroom property situated in the Hilton area of Aberdeen. This property is in close proximity to both the Kittybrewster Retail Park and the University of Aberdeen. The property is a great investment opportunity and comes with a active HMO license. Enjoys benefits of gas heating, double glazing, rear garden, external storage and ample on street parking.

Hilton is situated only minutes from Aberdeens thriving and busy city centre with its excellent shopping and recreational facilities. The house is also conveniently situated for Aberdeen Royal Infirmary at Foresterhill and the Royal Cornhill Hospital, which are both only a few minutes away by car. The area is also a community in its own right, featuring parks such as Victoria Park and Westburn Park, as well as the Berryden and Kittybrewster retail centres.

Other features of the area include:
- Close proximity to Westburn tennis centre
- Close proximity to the University
- Victoria park
- Park & ride offering easy city centre access
- Berryden & Kittybrewster retail park

LOUNGE Spacious living area with a capped feature fireplace. The large bay window floods the room with natural light. This room has ample space for entertaining guests and also be set up as a home office. This room is completed with its natural dcor.

BATHROOM Modern three piece white suite with shower over bath. This room benefits from tiling throughout and also a large window providing great natural light.

BEDROOM Comfortable double bedroom with built-in cupboard. This room has neutral dcor and is flooded with natural light from the large window. This room benefits from ample space for more storage or to set up part of the room as a home office.

BEDROOM 2 Large double bedroom with built-in cupboard. This room has neutral dcor and is flooded with natural light from the large window. The shelved alcove completes the room.

BEDROOM 3 Generously sized double bedroom with built-in cupboard. This is room is flooded with natural light through the large window. Ample space for freestanding furniture.

KITCHEN/DINER Substantial dining kitchen with excellent storage in the white wall and base units which is complemented well with the dark counter top. Range of appliances include a freestanding gas cooker and fridge/ freezer. There is space for a dining area for 4-8 people making this area great for entertaining.

UTILITY ROOM Accessed from the kitchen and with access to the rear garden. Ample storage in the wall and base units. Large window for natural light. Boiler is located in this room and freestanding washing machine and freezer completes this room.

BATHROOM Three piece white suite with shower over bath. Mostly tiled walls and splash back areas. Large window with natural light streaming into the room.

BEDROOM 4 Located on the upper floor this spacious double bedroom has plenty of space for freestanding furniture. Natural light floods this room with the large window.

BEDROOM 5 Sizeable double bedroom with ample room for freestanding furniture. Great natural light floods this room.

Map location is not available for this property.

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

£ 165450

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
    £ 5250
  • 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

£ 7950
  • 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.

£

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

£

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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