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£85,000 Guide Price
Bedrooms
Bathrooms
Millerson Estate Agents are thrilled to present this two-bedroom, ground floor, apartment to the market. In need of modernisation throughout, this property is perfect for those looking to take their first steps onto the property ladder.
Property Description - Millerson Estate Agents are thrilled to present this two-bedroom, ground floor, apartment to the market. In need of modernisation throughout, this property is perfect for those looking to take their first steps onto the property ladder.
In brief, the accommodation comprises of a bright and airy entrance hallway with doors leading into an expansive lounge, kitchen, two double bedrooms and family bathroom.
Externally, the property benefits from having a spacious, rear garden which exhibits an abundance of mature foliage the perfect place for enjoying a spot of Al fresco dining or simply enjoying the Cornish sunshine.
This property is a repaired Cornish Unit, however, we have been made aware that it is mortgageable and hold a valid PRC certificate. It is connected to mains electricity, water, gas and drainage. The property also falls under Council Tax Band A. Viewings are highly recommended to appreciate all this property has to offer.
Location - The village of Penwithick is located on the outskirts of St Austell enjoying both easy access into the surrounding countryside, combined with the benefit of the comprehensive facilities available in St Austell, just a few miles away. Penwithick itself offers takeaway shops and convenience stores. These include a main line rail-link to London, Paddington, numerous pubs, restaurants and bistros, whilst further afield lies the world renowned Eden Project and the stunning beaches of both the north and south coasts. St Austell offers a mainline railway station providing direct access to London Paddington and Penzance. The picturesque harbour at Charlestown is only a short drive and has been used as the setting for numerous period dramas and films including The Eagle Has Landed, Mansfield Park and Poldark, and remains popular due to the fabulous setting and quality dining. The area is also home to the breathtaking Lost Gardens of Heligan and of course the world famous Eden Project.
The Accommodation Comprises - (All dimensions are approximate)
Entrance Hallway - uPVC double glazed door. Smoke alarm. Built-in storage cupboard. Plug sockets. Skirting. Exposed flooring.
Lounge - 4.40m x 3.30m (145' x 109') - Double glazed window to the front aspect. Electric storage heater. Multiple plug sockets. Television point. BT Master-socket. Skirting. Exposed flooring.
Bedroom One - 4.26m x 2.68m (1311' x 89') - Double glazed window to the front aspect. Built-in storage cupboard. Electric storage heater. Multiple plug sockets. Skirting. Exposed flooring.
Kitchen/Diner - 4.12m x 2.99 (136' x 99') - Extractor fan. Double glazed window to the to the rear aspect. A range of wall and base fitted storage cupboards and drawers. Two built-in storage cupboards, one of which houses the hot water cylinder and consumer unit. Splash-back tiling. Stainless steel sink basin with additional drainage board. Space for an electric oven, dishwasher, fridge freezer and washing machine. Electric storage heater. Multiple plug sockets. Skirting. Exposed flooring.
Bedroom Two - 3.62m x 2.60m (1110' x 86' ) - Double glazed window to the rear aspect. Built-in storage cupboard. Electric storage heater. Multiple plug sockets. Skirting. Exposed flooring.
Bathroom - 1.98m x 1.64m (65' x 54') - Extractor fan. Frosted double glazed window to the rear aspect. Splash-back tiling. Electric shower over bath. Wash basin. W.C. Skirting. Vinyl flooring.
Outside - The property benefits from having a spacious, rear garden which exhibits an abundance of mature foliage the perfect place for enjoying a spot of Al fresco dining or simply enjoying the Cornish sunshine.
Parking - This property does not have any allocated parking. On-street parking can be found close by.
Services - This property is connected to mains electricity, water and drainage. It also falls under Council Tax Band A.
Tenure - This property will be granted a 990 year lease upon completion.
Agents Notes - There is an annual service charge of 299.04 payable to Ocean Housing.
'The service charge is subject to annual review.
Epc - An EPC had been ordered, once complete it will be uploaded to the advert.
Material Information - Verified Material Information
Council tax band: A
Tenure: Leasehold
Property type: Flat
Property construction: Improved Cornish Unit Construction. Concrete panels have been bricked up externally.
Electricity supply: Mains electricity
Solar Panels: No
Other electricity sources: No
Water supply: Mains water supply
Sewerage: Mains
Heating: None
Heating features: None
Broadband: FTTC (Fibre to the Cabinet)
Mobile coverage: O2 - Good, Vodafone - Good, Three - Poor, EE - OK
Parking: Communal and On Street
Building safety issues: No
Restrictions - Listed Building: No
Restrictions - Conservation Area: No
Restrictions - Tree Preservation Orders: None
Public right of way: Yes: Shared pathways leading to rear of property.
Long-term area flood risk: No
Coastal erosion risk: No
Planning permission issues: No
Accessibility and adaptations: None
Coal mining area: No
Non-coal mining area: Yes
Energy Performance rating: D
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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