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£160,000
Bedrooms
Bathrooms
Millerson Estate Agents are thrilled to bring to the market this unique and well presented, two bedroom apartment situated on the outskirts of St Austell Town Centre.
Property Description - Millerson Estate Agents are thrilled to bring to the market this unique and well presented, two bedroom apartment situated on the outskirts of St Austell Town Centre. Originally a corn mill, the building was converted in 2017 and boasts open plan living along with high ceilings and a mezzanine level. The property itself benefits from its own private entrance, an allocated parking space and a small courtyard area making it the perfect base for anyone looking to be close to the town centre. A 999 year lease was granted in 2017 with a service charge of 1200 payable yearly. Double glazing is present throughout and the property is heated via electric night storage heaters. Viewings are strictly by appointment only but are highly recommended to appreciate the full potential of this property.
Location - Located within walking distance to St Austell town centre, this property is ideally situated within easy reach of a wide range of shopping, educational and recreational facilities. There is a mainline railway station which offers a direct line to London Paddington as well as a leisure centre and an array of schools and supermarkets. The picturesque port of Charlestown and the award winning Eden Project are both only a short drive away. The Cathedral city of Truro is approximately 13 miles from the property.
The Accommodation Comprises - (All dimensions are approximate)
Entrance Hall - Smoke sensor. Loft access. Consumer unit. Electric meter. Cupboard housing hot water tank. Skirting. Carpeted flooring. Doors leading to:
Lounge/Diner/Kitchen - 9.42m x 4.78m (3010' x 158') - Maximum measurements taken.
Kitchen/Diner - 4.29m x 1.37m
Two double glazed windows to the rear aspect. Skimmed ceiling. Smoke sensor. Recessed spotlights. A range of wall and base fitted. One and a half sink with drainer and mixer tap. Integrated fridge freezer and electric oven/hob with extractor over. Oak effect worktops. Space and plumbing for freestanding washing machine. Tilng around stain sensitive areas. Electric night storage heater. Ample plug sockets. Skirting. Vinyl flooring.
Lounge- 5.18m x 4.78m
Double glazed window to the side and rear aspect. Recessed spotlights. Two wall mounted electric night storage heaters. TV and broadband point. Skirting. Carpeted flooring. Stairs leading up to the
Mezzanine/Office - 3.39m x 1.97m (111' x 65') - Maximum measurements taken.
Two Velux windows. Recessed spotlights. TV and broadband point. Plug sockets. Skirting. Carpeted flooring.
Bedroom One - 3.53m x 2.96m (116' x 98') - Double glazed window to the front and side aspect. Skimmed ceiling. Wall mounted electric night storage heater. Ample plug sockets. Skirting. Carpeted flooring.
Bedroom Two - 2.69m x 1.99m (89' x 66') - Double glazed window to the front aspect. Wall mounted electric night storage heater. Plug sockets. Skirting. Carpeted flooring.
Bathroom - 2.28m x 1.68m (75' x 56') - Skimmed ceiling. Recessed spotlights. Extractor fan. Bath with shower over. Wash basin. WC with push flush. Heated towel rail. Tiling around water sensitive areas. Shaver point. Skirting. Vinyl flooring.
Outside - The property is accessed via a pedestrian bridge. There are steps to one side of the bridge which lead down to a small gravel area and rockery which belong to the property exclusively.
Parking - This property benefits from one allocated parking space. On street parking is also available.
Agents Note - The property is vacant and will be sold with the fixtures and fittings.
Services - A 999-year lease was granted in 2017. We have been advised that there is a service charge of 1200 payable on a yearly basis which includes a nominal ground rent and buildings insurance. The property is connected to mains electricity, water and drainage. It falls under Council Tax Band A.
Material Information - Verified Material Information
Council tax band: A
Council tax annual charge: 2082.25 a year (173.52 a month)
Tenure: Leasehold
Lease length: 999 years from 2017 (992 years remaining)
Service charge: 1200 pa
Property construction: Standard form
Electricity supply: Mains electricity
Solar Panels: No
Water supply: Mains water supply
Sewerage: Mains
Heating: Central heating
Heating features: Double glazing
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Excellent, Vodafone - Excellent, Three - Excellent, EE - Excellent
Parking: Allocated and On Street
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: St Austell conservation area and management plan
Restrictions - Tree Preservation Orders: None
Public right of way: No
Long-term flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: Level access
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: E
All information is provided without warranty. Contains HM Land Registry data Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
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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