2 bedroom apartment for sale

£310,000

2

Bedrooms

Floorplan

Situated in a sought-after location, this riverside apartment is part of a stunning development in the city centre, offering fabulous views of the River Aire.

The property boasts an open-plan design with a good size riverside balcony.

The flat comprises two well-sized bedrooms and two en-suites, all maintained to a high standard. The bedrooms are bright and airy and both have fitted wardrobes. The bathrooms are modern, adding to the overall pristine condition of the property.

Secure allocated parking and concierge service.

The property is energy efficient with an EPC rating of C, and falls under the Council Tax Band E. An added bonus, this property is available chain free, ensuring a smooth and straightforward transaction.

This apartment is a fantastic opportunity for those seeking a central, riverfront location within a highly sought-after development.


THE PROPERTY beautiful ornate communal entrance with fob entry system, secure mail boxes and concierge office.

HALLWAY Entrance hallway with large storage cupboard housing the hot water cylinder.

LIVING AREA 22 0" x 18 1" (6.72m x 5.53m) max Double doors lead from the hallway to the open plan living area. Floor to ceiling window with a direct view of the River Aire. Wooden flooring throughout. second floor to ceiling window and patio door leading to the balcony. Electric wall mounted heaters and recessed spot lights.

BALCONY 7 6" x 6 8" (2.30m x 2.04m) The balcony has a perfect view of the River to the front aspect and roof tops of the old mill to one side.

KITCHEN (Open Plan) The kitchen has a range of fitted units and integrated appliances include; dishwasher, washing machine, electric oven, four ring electric hob and freestanding large fridge / freezer.

BEDROOM ONE 19 5" x 14 2" (5.92m x 4.33m) The spacious main bedroom has a large floor to ceiling window with river views, good size fitted wardrobe and electric heating.

ENSUITE 8 11" x 3 4" (2.74m x 1.03m) Ensuite bathroom with modern neutral tiling, shower, hand basin and W.C.

BEDROOM TWO 12 5" x 8 9" (3.79m x 2.67m) The second bedroom is neutrally decorated with floor to ceiling window overlooking the Victoria Quays development, fitted wardrobe and access to the second en-suite.

ENSUITE TWO 7 1" x 5 9" (2.18m x 1.77m) The second bathroom can also be accessed via the hallway. The room comprises; bath with shower over, hand basin and W.C.

SECURE PARKING The property is sold with one allocated parking space.

LEASEHOLD INFORMATION Lease term: 125 years from 2002
Service charge 2,112 pa
Ground rent 150 pa (review period applies. The ground rent will increase to 300 pa in 2027)

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

£ 258450

Mortgage Loan to Value

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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
    £ 7750
  • 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

£ 25950
  • 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.

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