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£175,000
Bedrooms
Bathrooms
Northwood present this 1st Floor apartment with two parking spaces and long lease of 999 years with no ground rent payable.
Located in a very popular area close to town center and rail station this apartment has been upgraded throughout with modern kitchen and luxury bathroom.
The main living space is a modern open plan layout for the living room / kitchen and is light and airy with a high quality finish which needs to be viewed in person to fully appreciate.
The bathroom has also been done to a luxury standard with fabulous walk in shower and superb finish.
There are two bedrooms with the master having a built-in wardrobe.
Outside this apartment benefits from having two allocated and numbered parking spaces. There is also a communal garden.
The long lease is 999 years commencing 27th April 1989 with 963 years remaining.
There is no ground rent payable for this property. Service charges are approx. 1,134 per year.
The management company is SJB Properties.
The property has a water meter fitted.
Council tax in Band A and EPC rating is C.
EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 962 years 9 months,Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £756.82
Total Interest: £97,454.13
Overall Total: £272,454.13
Amortization For Monthly Payment: £756.82 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £5,548.48 | £3,533.33 | £171,466.67 |
| 2026 | £5,433.74 | £3,648.07 | £167,818.61 |
| 2027 | £5,315.27 | £3,766.53 | £164,052.07 |
| 2028 | £5,192.96 | £3,888.85 | £160,163.23 |
| 2029 | £5,066.67 | £4,015.13 | £156,148.10 |
| 2030 | £4,936.29 | £4,145.52 | £152,002.58 |
| 2031 | £4,801.67 | £4,280.13 | £147,722.45 |
| 2032 | £4,662.68 | £4,419.13 | £143,303.32 |
| 2033 | £4,519.17 | £4,562.63 | £138,740.69 |
| 2034 | £4,371.01 | £4,710.79 | £134,029.90 |
| 2035 | £4,218.03 | £4,863.77 | £129,166.13 |
| 2036 | £4,060.09 | £5,021.71 | £124,144.41 |
| 2037 | £3,897.02 | £5,184.79 | £118,959.62 |
| 2038 | £3,728.65 | £5,353.16 | £113,606.47 |
| 2039 | £3,554.81 | £5,526.99 | £108,079.48 |
| 2040 | £3,375.33 | £5,706.47 | £102,373.00 |
| 2041 | £3,190.02 | £5,891.78 | £96,481.22 |
| 2042 | £2,998.69 | £6,083.11 | £90,398.11 |
| 2043 | £2,801.15 | £6,280.65 | £84,117.46 |
| 2044 | £2,597.20 | £6,484.60 | £77,632.86 |
| 2045 | £2,386.62 | £6,695.18 | £70,937.68 |
| 2046 | £2,169.21 | £6,912.60 | £64,025.08 |
| 2047 | £1,944.73 | £7,137.07 | £56,888.00 |
| 2048 | £1,712.96 | £7,368.84 | £49,519.16 |
| 2049 | £1,473.67 | £7,608.13 | £41,911.03 |
| 2050 | £1,226.61 | £7,855.20 | £34,055.83 |
| 2051 | £971.52 | £8,110.28 | £25,945.55 |
| 2052 | £708.15 | £8,373.65 | £17,571.90 |
| 2053 | £436.23 | £8,645.57 | £8,926.33 |
| 2054 | £155.48 | £8,926.33 | £0.00 |
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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Tue Jul 08 2025
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Tue Jul 08 2025
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