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166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA
£90,000 Offers over
Bedrooms
SOLD AT CLOSING BY MOVE ON
RETIREMENT PROPERTY
Move On are delighted to present to the market this lovely 1 bedroom ground floor flat, set within the retirement development of Fairfield Lodge, Green Street, Bothwell.
This lovely home has been recently modernised internally and is in true walk-in condition. The accommodation features: A bright lounge with fresh, neutral decor, grey carpeted flooring and a feature fireplace; gorgeous white high gloss fitted kitchen with white worktops, integrated oven and hob, new washer/dryer and microwave; a good sized double bedroom with fitted mirrored wardrobes; and a modern, fully tiled shower room with underfloor heating. There is further storage in the hallway. Heating is provided by electric heaters and the flat occupies an excellent location with views out to the gardens. There is also security entry and lift access to the upper floors.
Fairfield Lodge is a well maintained, desirable retirement establishment, exclusively for those over 60 years of age who are looking for independent living with a social aspect and further support if required. There is an in-house manager who can be alerted via the emergency pull cords within the flat, residents lounge, laundry facilities and guest bedrooms available for family overnight visits (subject to availability and fees.)
Externally, the grounds around the building are beautifully manicured and landscaped, with lawn areas, shrubs, bushes and trees providing a pleasant outlook and backdrop. There are parking spaces for guests, as well as residents parking which can be reserved (subject to availability and fees)
Fairfield Lodge is located in a quiet location, off Green Street within walking distance of Bothwell's Main Street, which has a good selection of local shops, independent retailers, cafes, boutiques and bars, as well as good public transport links. Neighbouring towns include Uddingston and Hamilton which have a larger selection of retail and leisure facilities, as well as train stations for travel to Glasgow and Edinburgh. For those commuting by car, there is easy access to the Raith interchange connecting the M74, M8 and M73 motorways.
Lounge 5.28m (17' 4') x 3.09m (10' 2')
Kitchen 2.31m (7' 7') x 2.00m (6' 7')
Bedroom 4.49m (14' 9') x 2.66m (8' 9')
Bathroom 2.03m (6' 8') x 1.65m (5' 5')
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.
166 Merry Street, Motherwell, North Lanarkshire, Scotland, ML1 1NA
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