2 bedroom apartment for sale

£310,000

2

Bedrooms

2

Bathrooms

Floorplan

Modern Riverside Apartment with Stunning River Aire Views.

Located in one of the city centres most desirable developments, this stylish riverside apartment offers views of the River Aire and Leeds Bridge. Designed with contemporary open-plan living in mind, the property features a spacious living area that opens out onto a generous riverside balcony-perfect for relaxing or entertaining.

The apartment comprises two bright and well-proportioned bedrooms, the main bedroom with fitted wardrobe, ensuite and additional dressing area. The second bedroom also benefits from fitted wardrobes. Finished to a high standard throughout and available chain free!

Additional benefits include secure allocated parking and a professional concierge service, providing both comfort and convenience in a prime urban location.

THE PROPERTY Communal entrance with grand lobby area, concierge office and secure mail boxes.

HALLWAY 7 7" x 7 1" (2.33m x 2.18m) max Entrance hallway with wooden flooring, recessed spot lights and electric wall mounted heater.

Storage cupboard housing the hit water cylinder.

LIVING AREA 20 2" x 17 7" (6.15m x 5.37m) The open plan living area has views over the River from floor to ceiling windows. Patio doors lead to the balcony. Wooden flooring, two electric wall mounted heaters and recessed spot lights.

KITCHEN (Open Plan) The Kitchen has a range of fitted units with granite worksurface. Integrated electric oven, hob, slimline dishwasher and washer/dryer. Space for freestanding fridge/freezer.

BEDROOM ONE 16 6" x 11 1" (5.05m x 3.40m) The main bedroom is a great size double with large fitted wardrobes. Floor to ceiling windows with views of the River Aire.

Behind the fitted wardrobe is access to a secret dressing area with floor to ceiling corner window. (Space size is 2m x 1m)

BALCONY The decked balcony has a perfect view of the River and Leeds Bridge.

ENSUITE 9 1" x 5 7" (2.77m x 1.72m) The fully tiled ensuite comprises; corner shower unit, hand basin, w.c. and chrome heated towel rail.

BEDROOM TWO 9 10" x 8 1" (3.01m x 2.47m) The second double bedroom has well designed fitted wardrobe and additional fitted storage cupboards. Double glazed window overlooking the communal courtyard.

BATHROOM 9 8" x 6 2" (2.95m x 1.89m) The house bathroom is fully tiled with a shower over the bath, hand basin, w.c. and chrome heated towel rail.

SECURE PARKING The property is sold with one allocated parking space which is situated beneath the development and accessed via electronic roller shutter.

LEASEHOLD INFORMATION Lease term: 125 years from November 2002
Ground rent 187.50 pa (The ground rent will increase to 300 pa in January 2027)
Service charge for 2025: 2,177 pa

EPC Rating C
Council tax band E

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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

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  • 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

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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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