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£235,000 Offers in excess of
Bedrooms
Bathrooms
Nestled on the vibrant Christchurch Road, this elegantly refurbished three-bedroom, second-floor apartment presents an excellent opportunity for first-time buyers or investors alike. Benefiting from comprehensive redecoration throughout, this property combines modern comfort with traditional charm.
Access to the apartment is via a well-maintained entrance on Christchurch Road, leading through communal areas to your private entrance. Upon entering, you are welcomed into a spacious hallway that connects to each room within the property.
The standout feature is the expansive reception room, facing Christchurch Road and measuring 4.8m x 3.6m. This inviting space is complemented by a charming feature fireplace, adding character and warmth to the room. Across the hallway, you will find the separate, well-equipped kitchen, boasting both overhead and under-counter cabinets that provide ample storage.
The property offers three bedrooms, ideal for versatile living. The first, a smaller front-facing room, measures 3.3m x 2.25m and is perfect as a guest room, study, or additional bedroom. The two larger double bedrooms are generously sized, with the smaller of the two at 3.86m x 3.75m, and the main bedroom featuring another attractive fireplace and measuring 4.8m x 3.75m.
Completing the apartment is a thoughtfully designed bathroom, fitted with a bath, shower mixer, separate sink, and adjacent WC for added convenience.
Allocated parking for one car is located at the rear of the property, enhancing the practicality of this home. With its prime location, spacious layout, and recent refurbishment, this property is a must-see for those looking for comfortable living or a smart investment opportunity.
Pokesdown offers an appealing lifestyle with its unique blend of local charm and modern conveniences. Residents can enjoy the proximity to the beautiful coastline, perfect for seaside walks and leisure activities. The area also boasts a variety of shops, cafes, and amenities, ensuring everyday essentials and delightful discoveries are just a short distance away. This vibrant community makes Pokesdown an ideal place to call home.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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