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£155,000 Guide Price
Bedrooms
Bathrooms
The location speaks for itself. You are within walking distance of the wide range of amenities the City Centre has to offer as well as both Railway Stations, bus routes and much more. The Altolusso block located on Bute Terrace also features a 24-hour concierge, secure gated parking, private lock-ups for residents and lift access to all floors.
The properties main living/kitchen area is the hub of the home. It is spacious and well-naturally lit thanks to the range of large UPVC windows. The room has a modern outlook thanks to the wood effect laminate flooring and the black charcoal effect kitchen units and cupboards.
The kitchen features a range of wall and base units which include the integrated electric oven and induction hob, extractor fan and sink basin. There is also a designated space for a dishwasher/washing machine. There is then plenty of space for a freestanding fridge-freezer, leaving plenty of room elsewhere for a range of living furniture.
Both bedrooms are well-sized, with the master featuring the modern en-suite. The en-suite contains a large walk-in shower, low-level W/C and sink basin. The floor and walls are lined with sleek white ceramic tiles. The master itself welcomes space for a large double bed plus additional furniture. Other features include fitted carpet and a large UPVC window.
The second bedroom is also double in size with fitted carpet and a large UPVC window.
The properties main bathroom features grey and white ceramic tiling, low-level W/C, sink basin and bath-tub.
The main hallway features a large storage cupboard which houses the water tank, ideal for laundry storage. This space is lined with wood effect laminate flooring and is well-sized overall.
A separate storage cage is included in this sale which is located within the building. Dimensions of which as follows:
Length - 1.6m length (restricted due to shape of room)
Width - 1.6m
Height 2.2m
This well-located, spacious apartment is being sold with tenants in situ, offering a fantastic investment opportunity.
The Lease has approximately 106 years remaining.
We have been advised that the services charges are approx. 255 per month.
Council Tax Band - F
Anti Money Laundering Regulations
We are required by law to conduct anti-money laundering checks on all those selling or buying a property as prescribed by the Money Laundering Regulations 2017. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Coadjute who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is 54 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Coadjute, and is non-refundable. We will receive some of the fee taken by Coadjute to compensate for its role in the provision of these checks.
EPC rating: C. Tenure: Leasehold,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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