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£99,950
Bedrooms
Bathrooms
OFFERED FOR SALE WITH NO ONWARD CHAIN, ONE DOUBLE BEDROOM FIRST FLOOR APARTMENT, SUITABLE FOR FORST TIME BUYERS AND INVESTORS
Property Description - Offered for sale with no onward chain is this purpose built, first floor apartment perfect for first time buyers or investors. The accommodation comprises an entrance hall, open plan lounge/kitchen/diner, one double bedroom and shower room. Outside there is plenty of communal parking, a drying area and is perfectly located midway between the major towns of Camborne and Redruth with easy access to Cornwall College, leisure centre and major nearby Superstores. Access to the A30 is within a mile.
Entrance - External staircase to inner communal hall, door into:
Entrance Hall - Doors to all rooms, airing cupboard housing immersion water heater.
Open Plan Lounge/Kitchen/Diner - 5.53m x 3.38m (181' x 111') - An open plan living space with double glazed window, fitted kitchen with a range of matching units and work surfaces over, integrated oven, hob and extractor, sink with mixer tap and drainer, spaces for washing machine and fridge/freezer, dining space, electric heater.
Bedroom - 3.32m x 2.99m (1010' x 99') - A double bedroom with double glazed window, electric heater.
Shower Room - A three piece shower suite comprising shower cubicle, W.C and hand basin.
Outside - The apartment is approached over tarmac communal entrance with plenty of parking to the front along with further under cover parking at the rear. There are also stone chipped low maintenance gardens, a drying area and bin area.
Material Information - Verified Material Information
Council tax band: A
Council tax annual charge: 1561.69 a year (130.14 a month)
Tenure: Leasehold
Lease length: 999 years remaining (977 years from 2002)
Ground rent: 132.79 pa
Service charge: 840 pa
Lease restrictions: None as aware
Property type: Flat
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: None
Heating features: Double glazing
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Great, Vodafone - Great, Three - Good, EE - Good
Parking: Communal, Covered, Off Street, and Rear
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: C
All information is provided without warranty. Contains HM Land Registry data Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
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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