2 bedroom flat for sale

£375,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Nestled in a converted church within walking distance of North Street, this exceptional property exhibits some truly captivating features while maintaining an air of comfortable, homely charm. Located in a sought-after location, the flat offers distinctive charm coupled with modern conveniences that cater to a variety of lifestyle needs. Internally the flat is light and airy and also offers a quiet and peaceful living space.

Amid the convenient urban hustle and bustle, this property oozes character from its two floors. As soon as you step inside and pass through the hallway, youll notice the open plan lounge/kitchen. The essence of contemporary living, this open space is drenched in natural light, allowing for a warm and welcoming atmosphere. Here, youll also appreciate the unique feature of a Juliet balcony, adding a touch of elegance and offering views across the surrounding neighbourhood.

A defining feature of this splendid flat are its two double bedrooms, designed for comfort and space. The first bedroom, located on the first floor, is beautifully-appointed with a built-in wardrobe. The second spacious double bedroom has been designed to create a tranquil space where one can relax and unwind. This would also make a perfect home office space if required.

The property holds one bathroom which includes all desired amenities such as a bath with an overhead shower, a WC, and a hand basin. A combination of style and function, this bathroom suite has been well-designed to cater to all needs.

Another unique selling point to this stellar two-bedroom flat is its garage. A rarity for many flats, this feature provides vital storage or parking space, adding practical value to the property.

This prime location has the convenience and vibrancy of the urban area, yet also benefits from the abundance of green spaces and nearby parks. A stones throw away from vital public transport links and local amenities, it strikes the perfect balance between city living and natural tranquillity.

This stunning property would be ideal for first-time buyers on the lookout for a remarkable home in a desirable location that combines the best of old and new. With its captivating unique features and excellent location, this flat is a hidden gem waiting to be discovered.

SITUATION

Located within walking distance of the popular a vibrant North Street and its array of cafs and bars, this home will no doubt appeal to first time byers and property investors alike.

Bristol is famed for its growing reputation within the business sector and is home to a number of large employers including Rolls-Royce and the MOD.

The diverse culture within the city makes it an ideal destination for dining out, with a number of high-quality restaurants and brasseries within the Clifton area and throughout the city. The city is also home to a number of iconic landmarks including Brunels Clifton Suspension Bridge and the impressive SS Great Britain. The Bristol International Balloon Fiesta is held annually at the Ashton Court estate and attracts balloonists and spectators from all corners of the world.

Bristol also boasts a modern shopping centre in the heart of the city, Cabot Circus which offers a broad spectrum of shops and dining facilities. On the northern side of the city just off junction 17 of the M5 is the regional shopping centre Cribbs Causeway, again offering a plethora of shops, restaurants, and leisure facilities.

The Heritage city of Bath is also within easy reach of the property. Famed for its Georgian architecture Bath is home to the Roman Baths and is a popular destination for locals and tourists. The city also boasts a racecourse for the racing enthusiasts.

The M4 and M5 motorways are within easy reach, mainline rail connections to London Paddington are offered at Parson Street Station. For those looking to travel further afield, Bristol International Airport is a mere 7 miles away and offers regular domestic and international flights.

GENERAL

Tenure Leasehold, 975 years remaining, 2,060.70 p.a. annual service charge, 50.00 annual ground rent. Services - Mains water, mains gas, mains electricity. Postcode BS3 1PJ. Energy Performance Certificate D Viewings - Strictly by appointment with the Vendors agent Northwood.

EPC rating: D. Tenure: Leasehold, Length of lease (remaining): 975 years 11 months,

Map location is not available for this property.

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

£ 312075

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
    £ 9375
  • 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

£ 30825
  • 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

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£
  %

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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