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£950,000 Guide Price
Bedrooms
Bathrooms
SOUTHBOURNE is a relaxed, but still bustling suburb just East of Bournemouth and 5 minutes drive to Christchurch. Southbournes primary attraction is its sandy Blue Flag beach, which provides a quieter retreat from the more crowded beach along the coast at Bournemouth.
ADMIRALS POINT Benefits from fantastic sea views over Poole Bay and beyond. Comprises twelve 2 & 3 bedroomed apartments with two additional courtyard cottages, all with underground parking in a magnificent position on the cliff top at Southbourne.
This duplex apartment is at the front of the development and therefore has superb direct uninterrupted sea views. Benefits from underfloor heating, secure allocated parking spaces and outside storage cupboard, double glazing and two South facing balconies with views taking in Poole Bay and the Purbecks.
ENTRANCE HALL A great welcome to this wonderful apartment, it has a wall mounted thermostat and video door entry system, power points, telephone point and ceiling spot lights. A storage cupboard houses the fuse board.
KITCHEN/DINING/STUDY AREA Fitted kitchen with integrated Zanussi double oven, fridge, freezer, dishwasher, 4-ring induction hob, and Elica extractor over, Beko washing machine, and a wall wine rack. 1 1/2 sink with mixer tap over. Granite worktops with units above and below, with the top units benefitting from under lighting. There is a TV point in the snug area of the kitchen. Power points, ceiling spot lights, and balcony door to South facing balcony with great sea views.
Dining/study area has great sea views, TV, telephone, power points and ceiling spot lights.
BALCONY 1 Balcony with a wall mounted outside light. Views out to Poole Bay and to the Isle of Purbeck in the West. Space for a table and chairs to enjoy alfresco dining or just sit back and relax.
BEDROOM 2 Fitted wardrobe, TV and power points, 2 bedside lights and ceiling light, floor to ceiling window with sea views to the West.
BATHROOM Fully tiled bathroom with bath, double walk-in shower, WC, and wash hand basin with storage unit below and mirror with light over above. Heated towel rail, shaver point, ceiling spot lights, and extractor.
BEDROOM 3 Fitted wardrobe, TV and power points, 2 bedside lights and ceiling light, window with sea views to the West.
LIVING ROOM South facing with floor-to-ceiling windows and patio doors to the balcony that has views out to sea and to the Isle of Purbecks in the West, this is a great place to sit back and unwind from the days activities at work or on the beach. TV & Satellite, telephone point, power points, and three ceiling lights. A further window to the side elevation with sea views.
BEDROOM 1 (Upstairs) TV, telephone, and power points, 2 wall-mounted bedside lights and centre light with floor-to-ceiling window to the West with wonderful sea views. There is a dressing area with fitted mirrored wardrobes on both sides with spotlights over.
ENSUITE Fully tiled bathroom; double shower, WC, two wash hand basins with storage unit below and mirror with light above. Heated towel rail, shaver point, ceiling spot lights, and extractor.
PARKING & STORAGE CUPBOARD Two secure allocated parking spaces with visitor parking to the front of the development. Storage cupboard great for housing beach gear.
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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