2 bedroom apartment for sale

£480,000

2

Bedrooms

2

Bathrooms

Floorplan

SUMMARY This spacious first floor Apartment features excellent accommodation throughout and is conveniently situated at the top of Parkway in the Town Centre. The property comprises of an impressive entrance hall, large dual aspect lounge/diner and a fitted kitchen with a range of integrated appliances. There is a spacious double bedroom with built-in wardrobe/cupboard space, and ensuite shower room, and a further second bedroom which opens onto both the hallway and main bathroom. The property also includes secure gated underground parking, and lift service. Welwyn Garden City Town Centre features attractive gardens, together with a variety of shops including John Lewis, Waitrose, Sainsburys, and other retailers, cafes and restaurants. The Train Station offers fast services to London Kings Cross within 30 minutes. Viewing is highly recommended!!

ENTRANCE HALL Very spacious carpeted entrance hall leading into the property which comprises radiator, video entry-phone system, smoke alarm, inset LED ceiling lights.

KITCHEN/DINER 12 2" x 11 4" (3.71m x 3.46m) A bright and airy kitchen/diner featuring tiled floor, radiator, a range of wood wall and base cupboards, worktops with splashbacks, stainless steel sink with mixer tap, integrated appliances including fridge-freezer, dishwasher, washing machine, electric NEFF oven and grill, hob with extractor hood over, plenty of cupboard space, double-glazed sash window to side aspect, smoke alarm, inset LED ceiling lights.

LOUNGE/DINER 18 10" x 17 1" (5.74m x 5.22m) Large, bright and spacious carpeted dual aspect lounge, three radiators, three double-glazed sash windows to front aspect, smoke alarm, inset LED ceiling lights.

BEDROOM ONE 17 4" x 12 2" (5.30m x 3.71m) Carpeted large double bedroom, radiator, double-glazed sash window to side aspect, large built-in wardrobe/cupboard space, cupboard housing Worcester Boiler with additional storage space, two ceiling lights. Door leading to;

ENSUITE Tiled floor, part-tiled walls, double-glazed obscured window to side aspect, countertop basin sink with stainless steel mixer tap and cupboard underneath, heated towel rail, fully tiled double shower cubicle with rainfall shower, separate shower attachment, low-level flush WC, extractor fan, inset LED ceiling lights.

BEDROOM TWO 20 1" x 9 0" (6.13m x 2.75m) Carpet, radiator, double-glazed sash window to rear aspect, storage space with hanging rail, ceiling light.

MAIN BATHROOM Tiled floor, part-tiled walls, heated towel rail, white bathroom suite comprising panel enclosed bath with electric shower, shower screen, stainless steel mixer tap, low-level WC, countertop basin sink with silver mixer tap and cupboard underneath, mirror with light above, extractor fan, inset LED ceiling lights, doors leading to both bathroom and second bedroom.

EXTERNAL SPACE Secure parking, communal grounds.

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

£ 398700

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 12000
  • 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

£ 38700
  • 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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