Braehead, Methven Walk, Dundee, Angus, DD2 3FJ

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Available / For Sale

McEwan Fraser Legal

Claremont House, 130 East Claremont Street, Edinburgh

2 bedroom ground flat for sale

£99,995 Offers over

2

Bedrooms

1

Bathrooms

1

Reception

Part Exchange available. This is a spacious flat positioned on the ground floor in this lovely development, enjoying both older features like high ceilings with all the modern features one would expect. The property is entered from the courtyard and if going through the main door you go outside and turn right. The flat enjoys some private frontage with space for seating and enjoying al-fresco dining at night. Walk into the large hallway which could be utilised as a dining space or study area with doors to all rooms and storage cupboard. The living room enjoys a front aspect with high ceilings and front aspect windows. The kitchen enjoys a comprehensive range of eye and base level units with roll top work surfaces incorporating sink unit with mixer tap and drainer. With a built-in oven with halogen hob, splash back and extractor over. Space for upright fridge freezer and space and plumbing for washing machine with front aspect window for natural light and an airy feel. The master bedroom enjoys a double wardrobe with hanging space. Bedroom two has a fitted double wardrobe. The bathroom is finished off in a three-piece suite with a shower over the bath and tiled walls. A single parking space is allocated for the flat, parking is also available underground and the factor fee is approximately 70 a month.

By appointment through McEwan Fraser Legal on 01382 721 212

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

Extras (Included in the sale): Floor coverings, blinds, fitted appliances are included with the sale. Free-standing appliances are available by separate negotiation.

Nearest Stations:

1.75 miles
Dundee
2.23 miles
Invergowrie
5.12 miles
Broughty Ferry
6.41 miles
Balmossie
7.22 miles
Monifieth

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

£ 80196.125

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 2499.875
  • 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

£ 5199.875
  • 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

  %
  %
£
  %

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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