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£135,000
Bedrooms
Bathrooms
Situated in a prime location, the property provides convenient access to a variety of shops, restaurants, and bars, as well as excellent transport links. The M4 motorway is just a short drive away, and Cardiffs railway connections to London are easily accessible, making this an ideal choice for both professionals and commuters.
Meridian Plaza is an impressive 11-story development offering a range of amenities, including a 24-hour concierge service, secure entry system, lifts to all floors, and well-maintained communal spaces.
The communal entrance leads into a welcoming reception area featuring seating, mailboxes, and a concierge desk. Stairs and lifts provide access to all floors. The apartment itself is accessed through a private entrance with a solid wood front door opening into a hallway, complete with laminate flooring, a video entry phone, and a convenient storage cupboard.
The open-plan living space combines functionality and style, with the kitchen fitted with matching wall and base units, work surfaces, an inset sink with mixer tap, and integrated appliances such as an electric hob, oven, cooker hood, and fridge/freezer. The bedroom is carpeted and includes built-in wardrobes, while the bathroom boasts a panelled bath with an overhead shower and glass screen, a wall-mounted sink, a low-level WC, tiled flooring, and tiled walls.
This property also benefits from a designated parking space. Lease details are being finalized, and additional fees may apply for items such as leasehold packs. For further information, please contact the branch.
We are advised that the ground rent is 100 annually, and the service charges amount to approx 2,078.00 per year.
There are approx. 999 years remaining on the lease.
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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