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£965,000
Bedrooms
Bathrooms
A stunning hidden gem! A fantastic opportunity to live in a spacious apartment of 1,794 sq feet of living space within a local, historic building of significant presence, built c.1896 and located just over a half a mile walk from Wokingham Market Place along a private road.
The current owners have added a stylish theme to combine traditional with contemporary to complement the many character features including, but not limited to, high skirting boards, period windows, cornicing and high ceilings. An attractive arched entrance porch leads to the long reception hallway with a lantern allowing natural light to flow in. The main reception lounge with feature fireplace and large sash windows with French doors leading to the communal gardens. The immersive social experience within this home will undoubtedly occur in the c.29 kitchen/dining room with a high specification kitchen that one would expect in such a space, to while away many hours of enjoyment and with your own exclusive outside space, step out directly to the private walled courtyard.
The sleeping areas offer three double bedrooms, equally complemented with character features and built-in storage to the two larger of the bedrooms. There is a spacious 5-piece traditional style family bathroom plus an additional shower room to hopefully avoid any queues in the morning rush hour.
Outside there are mature communal grounds of c.1.6 acres which are predominantly lawn with an assortment of established trees, ample resident parking and a garage in a block, albeit in basic condition.
The property benefits electric heating throughout with gas to the kitchen cooker and a communal hot water supply included in the service charge, currently 3,600 pa. The 999 year lease commenced in June 1967 with the freehold being owned by the residents of Merton Ford with a peppercorn ground rent.
For more detailed material property information please click on the various brochure links.
As is common with many properties built prior to 2000 there is a possibility that building materials used during their construction may contain Asbestos you may wish to commission your own survey to establish whether this is the case with this property.
MOBILE: Three, O2, Vodafone, EE are Likely
BROADBAND:
Standard 15 Mbps (Megabits per second) 1 Mbps (Megabits per second)
Superfast 80 Mbps (Megabits per second) 20 Mbps (Megabits per second)
Ultrafast 1000 Mbps (Megabits per second) 50 Mbps (Megabits per second)
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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