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£230,000
Bedrooms
Council tax band: B
Tenure years left: 983
Annual service charge: 1084.89
Situated in Downend and a stones throw from Emersons Green this property offers easy access to the A4174 ring road and is close to near by shops, restaurants and the popular Blackhorse Primary School.
The property is located on the GROUND FLOOR.
This spacious apartment is offered for sale with no onward chain and comprises the following accommodation.
Upon entry you will find a communal entrance hallway with direct access to apartment 7. Once inside you will find an entrance hallway, fitted kitchen, separate living room with double doors to the private garden, two bedrooms and a modern fitted shower room.
Under part of the building you'll benefit from a parking space.
Further benefits from gas central heating and double glazing.
Viewing is highly recommended to fully appreciate all on offer.
Tenure/Further Information:
Subject to the management company approval, we understand pets could be permitted.
The Vendor has advised us that this property is of a Leasehold tenure. We understand that the lease has approximately 983 years remaining. There is a service charge payable to maintain the communal areas within the development, we believe this is approximately 1085 per year. There is a ground rent of 250 per year which the owner has said is included within the overall service charge . All this is yet to be confirmed and will need to be verified by your solicitors prior to exchange of contracts.
From our office in Downend proceed through the shops and head along Badminton Road. Continue along until you reach the Leap Public House and turn right into Blackhorse Lane. Proceed along past Blackhorse Primary School and then take the last turning on the left hand side before the traffic lights into Blackhorse Close. No 7 can be found in the block to the right hand side.
Entrance
Entrance via communal entrance door into communal entrance hallway.
Communal Entrance Hallway
Direct access to apartment number 7.
Hallway
Entry com, radiator, doors to:
Lounge
13 7 x 9 3 (4.16m x 2.83m) Double glazed doors to rear garden with matching panels to side, radiator, TV point.
Kitchen
9 10 x 5 7 (3.02m x 1.72m) Double glazed window to front, 1 1/2 bowl sink drainer unit with mixer tap over, cupboard housing boiler, space for washing machine, built in fridge/freezer, built in oven, gas hob & extractor, built in dishwasher, radiator.
Bedroom 1
10 8 x 9 3 (3.28m x 2.83m) Double glazed window to rear, radiator, built in wardrobes.
Bedroom 2
9 2 x 6 11 (2.81m x 2.14m) Double glazed window to rear, radiator.
Shower Room
3 Piece suite comprising of large tiled shower cubicle, pedestal wash hand basin, low level WC, heated towel rail, extractor fan, shaver point.
Rear Garden
20 2 x 17 1 (6.18m x 5.24m) Paved patio area, lawn area, enclosed, rear access gate.
Parking
Partially covered parking area with designated space.
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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