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£295,000
Bedrooms
Bathrooms
TWO BEDROOM APARTMENT CLOSE TO PORTHMINSTER BEACH.
A delightful two bedroom, ground floor apartment with PARKING, located within close proximity to Porthminster beach, St Ives Town and the Railway Station.
This well presented, gas heated and double glazed apartment is currently used as a holiday let and will be sold furnished and equipped and all holiday bookings will need to be honoured.
An internal viewing is a must! Phone now to arrange your viewing appointment.
Obscured double glazed front door, opening into..
Open Plan Lounge/Kitchen Diner - 6.30m x 3.43m (208 x 113) - Kitchen- Fitted with a range of shaker style base and wall mounted units with roll top work surface over. Four ring electric hob, tiled splash back, stainless steel extractor above, electric oven below, integrated washing machine, stainless steel sink and drainer, tiled splash back, double glazed window to the side. Lounge- vinyl tile effect flooring, two double glazed windows to the side, double glazed window to the front, heating radiator, recessed shelving. Space for table and chairs.
Bedroom 1 - 3.45m x 2.69m (114 x 810) - Fitted carpet, heating radiator, double glazed window to the side.
Bedroom 2 - 3.48m x 2.13m (narrowing to 2.54m) (115 x 70 (na - Fitted carpet, heating radiator, double glazed window to the front aspect.
Bathroom - 3.48m x 1.80m (115 x 511) - Panel enclosed bath with electric shower over, tiled surround. Inset ceiling spot lights, pedestal wash hand basin, low level w/c, obscured double glazed window to the rear and side aspect, shaver socket. Cupboard housing hot water cylinder and fitted shelving. Heated towel rail, wall mounted extractor, tiled walls and flooring.
Outside - The property is approached via a communal courtyard. With space for a small table and chairs close to the front door.
Parking - There is an allocated parking space for the apartment located just down the hill from the development.
Tenure - Leasehold
Balance of 999 years from 1984.
Service charge = 1500 paid per annum, which includes buildings insurance.
Services - Mains electricity, water and drainage.
Agents Note - The property is currently run as a furnished holiday let and will be sold furnished and equipped (subject to a final inventory).
The onward holiday bookings will need to be honoured by the new owners. Please contact Millerson for further details.
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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