1 bedroom flat for sale

£160,000 Guide Price

1

Bedrooms

1

Bathrooms

Floorplan

Northwood are delighted to offer this well presented one double bedroom ground floor apartment, with no onward chain. Ideally located within the popular residential area of Singleton, within walking distance of all local amenities. In our opinion the property has been maintained to a very high standard and would be an ideal first time purchase or investment opportunity.

Accommodation comprises a communal entrance hall with telephone intercom system to operate the main door. Front door opens to a welcoming entrance hall with built in cloaks cupboard and separate storage cupboard, good size lounge/diner with French doors leading onto lawned area with separate window to side.

The kitchen has a range of matching wall and base units, electric hob and oven, single drainer stainless steel sink unit, space and plumbing for washing machine, tumble dryer and fridge freezer.
The main bedroom which is a double bedroom has a window to side, room for large wardrobe and dressing table. The bathroom comprises a modern white suite of Wash hand basin, W.C and paneled bath with vinyl wood effect flooring, obscure window to side.

Outside there is allocated parking for one vehicle and guest parking.

Accommodation :

Communal Entrance Hall :

Entrance Hall : Entry Phone.

Living Room : 122 104 (3.7m x 3.1m)

Kitchen : 92 x 73 (2.8m x 2.2m)

Double Bedroom : 126 x 810 (3.8m x 2.7m)

Bathroom : 77 x 57 (2.3m x 1.7m)

Location :
Singleton is located in the Great Chart area of Ashford. Locally there are Primary Schools, shops, restaurants, pubs and a good bus network that takes you to the Town Centre and beyond. Located on the A28, it is a good link to Junction 9 of the M20, Tenterden and the Weald villages which boast tourist attractions, historic buildings and the beautiful Kent countryside. Ashford International Train Station now operates the High Speed Rail link that takes you to Ebbsfleet International, Stratford International and London St Pancras in just 38 minutes. With a mixture of listed buildings, older and more modern homes, Great Chart and Singleton has a lot to offer growing families and professionals that are looking to move to the area for commuting purposes.

Tenure : Leasehold Title : Start Date 01 Jan 1980 /Lease Term 999 / Years Term remaining 956 Years

Service Charge : 100 Per month (1200) Per Annum )

Ground Rent : Peppercorn

Services : Mains drainage, electricity.

Should you require more information about this property please request: The Key Facts For Buyers Report Which has been specially produced to give all potential purchasers as much relevant information as possible about the property and surrounding areas that they might be considering offering on to purchase.

The Northwood Sales team are totally committed to provide the highest level of service for potential buyers as well as our selling clients and hopefully this detailed report will help and foster your decision making process about viewing the property and submitting an offer.

Should you require any further or assistance please do not hesitate to contact a member of the sales team.

Happy house hunting !

Mark Hoyle

Sales & Lettings Valuation Manager

Local Authority

Ashford Borough Council

Council Tax Band B

Method of Sale : This property is leasehold and is offered for sale with vacant possession upon completion.Viewings : In the first instance please contact a member of the sales team to arrange an appointment. important notice 1. These particulars have been prepared in good faith as a general guide, they are not exhaustive and include information provided to us by other parties including the seller, not all of which will have been verified by us. 2. We have not carried out a detailed or structural survey; we have not tested any services, appliances or fittings. Measurements, floor plans, orientation and distances are given as approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. We have not checked that the property has all necessary planning, building regulation approval, statutory or regulatory permissions or consents. Any reference to any alterations or use of any part of the property does not mean that necessary planning, building regulations, or other consent has been obtained. 5. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys, and professional advice about all relevant aspects of the property. 6. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact; we have no authority to make or give any representation or warranties in relation to the property. If these are required, you should include their terms in any contract between you and the seller. Money laundering regulations - Intending purchasers will be asked to complete a Personal Risk Assessment or produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. EPC rating: D. Council tax band: B, Tenure: Leasehold

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

£ 126700

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
    £ 4000
  • 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

£ 6700
  • 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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