1 bedroom apartment for sale

£78,000

1

Bedrooms

1

Bathrooms

Floorplan

Movenowproperties are pleased to present this Modern 1 Bedroom apartment for sale,
Located on the first floor, offering a spacious bathroom and living area this property must be viewed to be fully appreciated AVAILABLE WITH NO CHAIN


Entrance Vestibule & Inner Hallway
With oak doors leading to bedroom, bathroom and lounge. Ceiling spotlights, radiator, intercom system, neutral decoration and wood effect laminate flooring.

Lounge
Measurements: 15 10' x 12 8' (4.83m x 3.85m)
Spacious living area with feature fireplace and electric fire. Neutral decorating with feature wall, wood effect flooring, 2 radiators and double glazed window overlooking front, finished with 3 spotlights.

Kitchen
Measurements: 8 0' x 7 9' (2.44m x 2.37m)
Finished to an impressive standard, this kitchen consists of wall and base units with complementary work surfaces, fitted electric oven with induction hob over and stainless steel splash back, space for washing machine and fridge freezer, stainless steel sink with drainer, double glazed window and Ideal combi boiler.

Bedroom
Measurements: 14 1' x 9 8' (4.28m x 2.94m)
Double bedroom with carpet flooring, neutral decoration, radiator, double glazed window overlooking rear and benefiting from fitted wardrobes and drawers.

Bathroom
Measurements: 8 9' x 7 3' (2.67m x 2.22m)
A well maintained bathroom suite comprising of large jacuzzi style corner bath with mains shower set over, wash basin set in wood effect vanity, low flush WC, useful storage cupboard, radiator, wood effect flooring, shelving and spotlights.

Property Construction:
' Source/s of heating - Gas Central Heating in the property
' Primary source of electricity supply - Mains Electricity
' Primary source of water supply - Mains Water Supply
' Primary arrangement for sewerage - Mains Drains & Sewerage

Mobile Coverage
Three
O2
Vodaphone
EE

Broadband
Basic 14 Mbps
Superfast80 Mbps
Ultrafast1000 Mbps

Satellite / Fibre TV Availability
BT
Sky
Virgin

Parking
Allocated parking space at the back of the property.

Council Tax
Band A

Tenure
Leasehold
125 years from 21 September 1989
90 years left remaining.
Service Charge Annually 1,485.96
which to be charged monthly 123.83

Floor plans
These floor plans are intended as a rough guide only and are not to be intended as an exact representation and should not be scaled. We cannot confirm the accuracy of the measurements or details of these floor plans.

Viewings
For further information or to arrange a viewing please contact our offices directly.

Free valuations
Considering selling or letting your property?
For a free valuation on your property please do not hesitate to contact us.

DISCLAIMER:
The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 63150

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1950
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 4650
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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