2 bedroom apartment for sale

£485,000 Guide Price

2

Bedrooms

Floorplan

Constructed in the early 2000s, The Strand is one of Falmouths most prestigious sea-front, developments, set within manicured coastal gardens with tremendous views spanning Falmouth Bay. This gated development is renowned for exceptionally high standards throughout. There are well maintained communal areas plus secure, allocated parking for residents.

Entering the development from the Emslie Road side, there is a pedestrian gate with key-code access and a rolling electronic gate for vehicles with key-fob control. You cross the parking area to the right-hand block where number 17 is located on the ground floor with level access. The entrance to 17 is just in front of the front door which is only shared with the penthouse, thereby giving the apartment a great deal of privacy.

On entering the apartment, you are immediately impressed with the space. A wide hallway has double doors immediately in front of you which open out into a very generous open-plan living and dining room. Clear glazed patio doors with an additional glazed side-panel provide beautiful garden and sea views towards the Lizard Peninsula whilst additional windows enhance the natural light from a dual aspect. To the rear of the room, a doorway leads into a smart fitted kitchen.

The kitchen has white gloss fitted units on three sides, with two windows providing plenty of natural light. There are spaces for a dishwasher, washing machine and fridge-freezer, plus an integrated electric Neff oven with matching five ring gas hob and stainless steel extractor hood. A Vaillant combination boiler is enclosed within a corner cupboard and there is a stainless steel sink and a half with draining board plus a mosaic tiled splash back all around.

The principal bedroom is located to the left of the entrance and also benefits from glass patio doors which lead onto the balcony. The room is spacious with fitted wardrobes and bedside tables together with space for further storage.

There is an ensuite shower room with a white suite comprising pedestal wash basin with hot and cold taps, low level WC with lever flush and a shower cubicle with mains shower. The room is part tiled with neutral mosaic tiles to wet areas and ceramic floor tiles. There is a vanity mirror, shaver socket, heated towel rail, extractor fan and a small casement window.

The second double bedroom is located to the rear of the apartment and is a bright room with windows on three sides.

Adjacent to this is the main bathroom which has a three piece suite comprising pedestal wash hand basin, low level WC, panelled bath with Mira electric shower and shower curtain. There is a vanity mirror, shaver socket, heated towel rail, extractor fan. Neutral mosaic tiles to wet areas and ceramic floor tiles.

A notable feature of this apartment is that it does not share an adjoining internal wall with another apartment and above is a duplex penthouse. This gives 17 an amount of privacy that is not usually afforded to an apartment. The entrance is also only shared with the penthouse.

The Strand is perfectly located, with all the shops, cafs and other amenities of the town centre within walking distance, whilst both Castle and Gylllyngvase Beach are a gentle stroll away.


Features:
Gas central heating and hot water
Inset downlights in all rooms
Double glazed doors and windows throughout
EPC C
Council Tax band D
Allocated parking space
Private south westerly facing balcony
Communal gardens

Leasehold - 999 years from 30 June 2002 (977 years remaining)

Maintenance charge for 2024/2025: 3,136 : This includes: buildings insurance, fire safety testing, gardening, indoor communal area cleaning, car park maintenance, general window cleaning.


LOCATION Falmouth is a charming coastal town and a popular destination renowned for its maritime heritage, beautiful scenery, and vibrant atmosphere. Situated on the south coast of Cornwall, Falmouth boasts stunning beaches, scenic coastal walks, and a picturesque harbour. Falmouth is home to the renowned National Maritime Museum which offers fascinating exhibits on the regions maritime history and global seafaring heritage. The town also hosts various festivals and events throughout the year, including the Falmouth Week sailing regatta and the Falmouth Oyster Festival to name just a few. With its lively waterfront, quaint streets lined with shops and galleries, and an array of restaurants serving fresh seafood, Falmouth offers a delightful mix of seaside charm and cultural attractions.

ANTI MONEY LAUNDERING REGULATIONS - PURCHASER
We are required by law to ask all purchasers for verified ID prior to agreeing a sale.

PROOF OF FUNDS PURCHASERS
Prior to agreeing a sale, we will require proof of financial ability to purchase which will include an agreement in principle for a mortgage and/or proof of cash funds.

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

£ 402825

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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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
    £ 12125
  • 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

£ 39075
  • 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

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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