2 bedroom apartment for sale

£200,000 Offers over

2

Bedrooms

1

Bathrooms

Floorplan

Privately accessed from its own front door, this bright, freshly presented flat feels more like a home than a unit. The layout is simple but effective - a clean, separate kitchen to keep cooking out of your living space, a generous lounge with dual-aspect light, and a peaceful rear outlook from both bedrooms.

Ideal if youre after a low-maintenance base in a well-connected area - or a ready-to-let investment needing no work. Parking is tucked discreetly at the rear, and the lease will be newly created on completion, offering peace of mind for the long term.

LIVING ROOM A spacious, light-filled living room with two large windows bringing in natural light. The layout is flexible enough to accommodate a sofa setup, media unit, and even a small desk if needed. A calm, neutral space ideal for everyday living or quiet evenings in.

KITCHEN Located separately from the lounge, this well-proportioned kitchen features high-gloss cabinetry, integrated gas hob and oven, space for undercounter appliances, and a stainless steel sink beneath the front-facing window. The dedicated layout keeps the cooking space contained and easy to maintain.

BEDROOM A peaceful double room overlooking the rear of the property. Theres plenty of room for a bed and freestanding furniture, with clean white walls and wood-effect flooring giving it a fresh, modern feel. A great main bedroom or even rentable space.

BEDROOM/STUDY Compact but functional, the second bedroom makes a great home office, nursery, or occasional guest room. Also rear-facing for extra quiet, and fitted with radiator and power points for a range of uses.

BATHROOM This room includes a large corner shower with glass enclosure, WC, wash basin, chrome towel rail and splash-back tiling. Neat, neutral, and low-maintenance.

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

£ 157700

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
    £ 5000
  • 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

£ 7700
  • 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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