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£425,000 Guide Price
Bedrooms
Bathrooms
Introducing a stunning and contemporary Penthouse situated within the ever popular Pittville. This is a rare opportunity to purchase one of eleven exclusive apartments.
Full Description - Upon entry, an inviting hallway guides you past the two bedrooms into the spacious open living, kitchen and dining room. The kitchen boasts integrated appliances giving an overall luxurious and sophisticated ambience.
Both bedrooms are generous in size with the master bedroom featuring an en-suite and built in wardrobe, and the main bathroom designed for complete relaxation.
A wrap around balcony is accessible from the living room or bedroom, with far reaching views over Cheltenham and to the countryside beyond. A superb space for entertaining and seamlessly flowing from the reception space.
Pittville and its Park is a renowned location and steeped in history. With origins from circa 1825, it is the largest ornamental park in Cheltenham. Conveniently located within walking distance from the town centre, yet a tranquil area with beautiful walks nearby.
This luxurious space is certainly worth viewing!
Further Information - Cheltenham is famed as one of the most complete Regency towns in England, offering Michelin starred restaurants, numerous bars, stylish shops and salons aplenty. Cheltenham also offers a thriving cultural scene that includes two concert halls and three theatres. There are a number of festivals hosted in Cheltenham through the year, such as the festivals of literature, science, food and drink and music, and Cheltenham is noted for its superb schools and amenities.
Tenure: Leasehold
Lease Duration: 126 years from 1st January 2013
Service Charge: 1535.85 per annum (from 1st January 2025), reviewed yearly.
Ground Rent: 350.00 per annum.
Management Company: Cambray Property Management. Young & Gilling
Parking - 1 x Offroad Allocated
No Pets
No Airbnb
Services: Mains electricity, gas, water, and drainage.
Council Tax Band: E
Local Authority: Cheltenham Borough Council.Tel.
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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