2 bedroom ground flat for sale

£135,000

2

Bedrooms

2

Bathrooms

An attractive, two double bedroom duplex apartment situated on ground floor and basement levels of this centrally located development which is positioned at the end of a quiet cul-de-sac. Offering a contemporary and characterful feel through the accommodation briefly comprises of an entrance hall, cloakroom, open plan living/dining/kitchen, two double bedrooms (both with fitted storage and master with en-suite) and a further bathroom. Being sold with no onward chain early viewing is strongly recommended.

ENTRANCE HALL Accessed via an external door with wooden flooring, wall mounted electric heater, stairs down to the basement level, intercom system and fitted ceiling spotlights.

CLOAKROOM With a low flush w.c., pedestal wash hand basin, vinyl floor covering, part wall tiling, and fitted ceiling spotlights.

OPEN PLAN LIVING/DINING/KITCHEN 19 2" x 12 10" (5.84m x 3.91m) With wooden flooring, two double glazed windows to the front elevation, storage cupboard, wall mounted electric heater, ditted ceiling spotlights and fitted kitchen comprising of a range of fitted wall and base units with a rolled edge worktop over incorporating a one and half bowl stainless steel sink and drainer, integrated electric oven, hob and extractor hood over, fridge/freezer, washer/dryer and slimline dishwasher.

LANDING With fitted carpet, under stairs storage cupboard and wall light.

BEDROOM ONE With fitted carpet, wall mounted electric heater, fitted wardrobes with sliding wooden doors and two wall lights.

EN-SUITE With a fitted suite comprising of a shower enclosure, low flush w.c., pedestal wash hand basin, vinyl floor covering, heated towel rail, part wall tiling and two ceiling lights.

BEDROOM TWO 11 11" x 9 8" (3.63m into recess x 2.95m) With fitted carpet, wall mounted electric heater, fitted wardrobes with sliding wooden doors and two wall lights.

BATHROOM With fitted suite comprising of a bath with mixer tap and shower attachment over, low flush w.c., pedestal wash hand basin, vinyl floor covering, heated towel rail, part wall tiling and ceiling light.

NOTES The property can be sold with tenants in situ generating an approximate 7.5% yield or to an owner occupier from December 2022. There is no onward chain.

LEASE INFORMATION Estimated Annual Service Charge: 1,974.94
Ground Rent: 250.00
Year Remaining On Lease: 980 Years

Nearest Stations:

0.44 miles
Nottingham
2.69 miles
Netherfield
2.8 miles
Carlton
3.5 miles
Beeston
3.91 miles
Bulwell

Map location is not available for this property.

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

£ 107325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 3375
  • 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

£ 6075
  • 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

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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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