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£670,000 Guide Price
Bedrooms
Bathrooms
An outstanding contemporary three bedroom, two bathroom top floor penthouse style apartment boasting a roof terrace with panoramic views, two further balconies, high quality finishes, a lift and secure parking. Located just off the high street only moments walk away from the mainline station. Good local schools, shops, bars and restaurants are a short walk away. The many benefits include a large living room with sliding doors opening onto the roof terrace and a sleek open plan kitchen with integral appliances and stone surfaces. The master bedroom enjoys access to a balcony, a walk-through dressing room and a sumptuous white and stone en-suite shower room. There are two further good-size bedrooms, one with a balcony and fitted wardrobes, plus a well appointed main bathroom. Welcoming entrance hallway with a large storage/laundry cupboard. Underfloor heating, solar panels and double glazing. Well maintained communal areas and secure parking. Council tax band D. Lease in excess of 900 years - We are informed the Service Charge is approx. 3,000 per annum and the Ground Rent is approx. 150 per annum. Sold with no onward chain.
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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