2 bedroom apartment for sale

£275,000

2

Bedrooms

Floorplan

Welcome to a rare opportunity to own a charming apartment in a highly sought-after location south of the River Aire. Nestled on a quiet, quaint cobbled street, the property has been thoughtfully converted from a former warehouse, embodying a unique blend of history and modern living.

The flat is presented in good condition and has recently been redecorated throughout. It boasts two double bedrooms both with en-suites. The reception room has a south westerly aspect from the large double glazed windows.

The location of Simpsons Fold has a variety of independent bars and restaurants on your doorstep and only a few minutes walk from Leeds train station and main shopping areas.

The property comes with one allocated parking space, which is accessed via a car lift. Theres also a concierge service available, adding an extra layer of convenience and security.

The property is currently available chain-free and with vacant possession.

LEASEHOLD INFORMATION
Ground rent: 260.58 pa
Service charge for 2024 4,557.92 pa (split into quarterly payments)
Lease term: 123 years from 1999
Council tax band F
EPC Rating C
EWS1 - B1 Rating
Building height is 6 storeys

THE PROPERTY
Communal entrance with lift to all floors.

HALLWAY Entrance hallway with wooden flooring, recessed spot lights and central heating radiators.

LIVING AREA 21 0" x 20 11" (6.41m x 6.40m) The spacious living area has dual aspect windows letting in plenty of light to the space. Wooden flooring throughout, central heating radiator, curved wall to one side and structural pillars.

KITCHEN (Open Plan) The open plan Kitchen has a range of fitted base and wall units, integrated washing machine and dishwasher. Range style cooker and 5 ring gas hob. Gas central heating boiler.

BEDROOM ONE 21 3" x 9 6" (6.48m x 2.92m) max The master bedroom has four double glazed windows letting in plenty of light into the space. The room has fitted wardrobes, wooden flooring and central heating radiator.

ENSUITE 9 4" x 7 10" (2.85m x 2.39m) The ensuite comprises; bath with shower over hand basin and w.c. Double glazed window and central heating radiator.

BEDROOM TWO 12 10" x 9 4" (3.92m x 2.86m) The second double bedroom benefits from dual aspect windows, wooden flooring and central heating radiator. Access to the living room and Jack n Jill bathroom.

ENSUITE 2 6 10" x 6 2" (2.09m x 1.88m) The second bathroom has new flooring, shower unit, hand basin, w.c. and central heating radiator.

PARKING The property is sold with one allocated parking space. The car park is accessed via remote entry into the car lift. The car park level is on the ground floor.

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

£ 229575

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
    £ 6875
  • 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

£ 23325
  • 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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message