Studio for sale

£85,000 Guide Price

1

Bathrooms

Floorplan

Charming Studio Flat in the Desirable Chartwell Green, West End - Ideal for First-Time Buyers or Investors

National Residential are thrilled to offer this well-presented top-floor studio flat, located in the highly sought-after Chartwell Green area of West End. With its cosy layout, modern interior, and convenient location, this property is the perfect starter home or investment opportunity.

Key Property Features:
'Leasehold: 999 years from 1 January 1980 - 955 years remaining
'Ground Rent and Service Charge: To be confirmed
'Council Tax Band: A
'Ample Storage Space
'Modern Kitchen & Bathroom
'Allocated Parking Space

Perfect for First-Time Buyers & Investors: This cosy studio offers a functional and well-maintained living space, featuring a modern kitchen and bathroom, making it move-in ready. It provides excellent value for first-time buyers looking to step onto the property ladder, as well as investors seeking a low-maintenance, high-demand rental property in a prime location.

Location - Chartwell Green, West End: The flat is nestled in the peaceful Duddon Close, offering a quiet and tranquil setting while remaining close to everything you need. The Chartwell Green area is known for its friendly, residential atmosphere and its proximity to a range of local amenities, including supermarkets, cafes, and leisure facilities. This location is perfect for anyone looking to enjoy suburban living with easy access to urban conveniences.

Why Buy in West End? West End is an increasingly popular area for buyers, offering a blend of peaceful surroundings and great connectivity. Chartwell Green is close to local parks, making it ideal for outdoor enthusiasts and those who appreciate green spaces. For those who need to commute, West End is well-served by excellent transport links, providing easy access to Southampton, Eastleigh, and beyond. Major roads such as the M27 and M3 are just a short drive away, making this location ideal for commuters.

Fantastic Transport Links: The property is well-positioned for access to public transport, with nearby bus stops and Southampton Parkway train station just a short distance away. The M27 motorway is easily accessible, providing direct routes to Southampton, Portsmouth, and London, making this flat perfect for commuters who need quick access to key destinations.

Dont Miss Out - Book Your Viewing Today: This charming studio flat is perfect for those seeking a quiet, low-maintenance home in a desirable location. Whether youre a first-time buyer or an investor looking to expand your portfolio, this property ticks all the boxes.

Please watch our online video tour to take a closer look. Viewings are highly recommended to fully appreciate the cosy charm and potential of this property.
For more information or to arrange a viewing, contact our dedicated specialist sales advisor today. Your future home or investment opportunity awaits-dont miss out!

Important Notice: We strongly advise all prospective buyers to review the terms of the lease agreement, including ground rent and any potential escalation clauses. It is essential to seek professional advice from a qualified solicitor or legal expert to ensure a comprehensive understanding of the leases implications.

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

'By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of 5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.

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

£ 68575

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
    £ 2125
  • 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

£ 4825
  • 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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