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£230,000
Bedrooms
Bathrooms
Michael Nicholas Estate Agents are delighted to offer to the sales market this superb 2nd floor (top floor) apartment.
Emersons Green / Lyde Green has exceptional access to the ring road and would be ideal for anyone looking to get to the MOD, Aztec West or the M32/ M4/M5 Interchange. The area offers easy access to the Bath / Bristol cycle path along with the extra benefit of the park and ride metro bus facility, and Lyde Green Primary School. The development is also within walking distance to the Bristol/Bath Science Park and Emersons Green retail park & the new David Lloyd Health Club and in brief offers the following accommodation.
As you enter the building you will find the communal hallway with the staircase rising to the 2nd floor and apartment 11.
Once inside you will find beautiful and well planned accommodation. There is a good size entrance hallway with a large storage cupboard. From the hallway you will find a living room which benefits from Juliette balcony doors. The kitchen/breakfast room is separate but relatively open plan in feel. The kitchen is well appointed with a range of fitted wall and base units and space for all appliances.
There are 2 good size bedrooms, the master benefiting from full en-suite facilities. In addition there is a modern 3 piece bathroom with an upgraded shower system.
The apartment is tastefully decorated and benefits from higher celings giving that extra feeling of space and light.
Further benefits include, gas central heating, double glazing, allocated parking, bike store, bin store and the remainder of the NHBC builders guarantee.
The owner has informed us that the tenure is Leasehold.
There is approximately 990+ years remaining on the lease which started when the property was built 7 years ago.
Ground rent is 150 per year.
The current service/management charge is 1470 per year, plus the Lyde Green estate charge of approximately 140 per year.
All these details should be checked via your solicitor prior to exchange of contracts.
Viewing is highly recommended to fully appreciate all on offer, call Michael Nicholas on to secure a viewing appointment.
As you approach Lyde Green from the Sainsburys roundabout on the A4174, follow the road through on to Willowherb Road, take the 1st right into Honeysuckle Road, next right into Goosefoot Road.
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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