3 bedroom apartment for sale

£555,000

3

Bedrooms

2

Bathrooms

Martin and Co are delighted to offer to the market this newly built Penthouse apartment located in the heart of Broughton Park. In brief the property comprises entrance hall, lounge/diner, Sie Matic fitted kitchen with integrated appliances, utility room, three good sized bedrooms with dressing area and en suite to bedroom one and a bathroom. The property also benefits from electric heating, secure gated allocated parking and no onward chain.

COMMUNAL ENTRANCE HALL Lift and stairs to all floors.

PRIVATE ENTRANCE HALL Accessed via a wooden front door. Wooden flooring. Two electric heaters. Recess low voltage spotlights to the ceiling. Under stairs storage cupboard. Cupboard housing the water tank. Stairs to the first floor.

LOUNGE/DINER 14 11' x 24 07' (4.55m x 7.49m) With continual wooden flooring. Window to the side aspect. Sliding patio doors leading to a balcony. Electric heater. Recess low voltage spotlights to the ceiling. Eight chrome power points. Television aerial.

KITCHEN 12 04' x 9 04' (3.76m x 2.84m) With a range of wall and base units with contrasting worktops over incorporating a single stainless steel drainer sink unit with mixer taps. Four ring electric hob with recess extractor canopy hood over. Integrated double oven. Integrated fridge/freezer. Integrated dishwasher. Three windows to the side aspect. Continual wooden flooring. Recess low voltage spotlights to the ceiling.

UTILITY ROOM With continual wooden flooring. Recess plumbing for a washing machine. Recess low voltage spotlights to the ceiling.

BEDROOM TWO 11 03' x 16 00' (3.43m x 4.88m) With windows to the front and side aspect. Continual wooden flooring. Electric heater. Recess low voltage spotlights to the ceiling. Six chrome power points. Television aerial.

BEDROOM THREE 8 04' x 16 06' (2.54m x 5.03m) With continual wooden flooring. Window to the front aspect. Electric heater. Six chrome power points. Television aerial.

BATHROOM With a three piece suite comprising low level toilet, wash hand basin with vanity unit below and walk in shower cubicle with contemporary rain shower. Part tiling to the walls. Chrome heated towel rail. Frosted window to the side aspect, Recess low voltage spotlights to the ceiling.

BEDROOM ONE 15 00' x 16 09' (4.57m x 5.11m) With sliding patio doors to the rear aspect. Electric heater. Six chrome power points. Television aerial. Recess low voltage spotlights to the ceiling.

Dressing area: 709 x 1500

Ample space for bedroom furniture. Door leading to the en suite.

EN SUITE With a three piece suite in White comprising low level toilet, wash hand basin with vanity unit below and panelled bath. Shower over the bath. Part tiling to the walls. Chrome heated towel rail. Frosted window to the front aspect. Recess low voltage spotlights to the ceiling.

TO THE OUTSIDE To the front of the property is secure gated allocated parking for both residents and visitors.

To the rear of the property is a large communal garden.

ADDITIONAL INFORMATION We have been advised that the property is Leasehold.

We have been advised that the annual Service Charge is 3,854.20

The property is offered with no onward chain.

Features
  • Freehold

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

£ 460575

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
    £ 13875
  • 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

£ 44325
  • 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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