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£195,000
Bedrooms
Bathrooms
This property can be offered chain free .This ground floor two-bedroom apartment, conveniently situated a short walk from Sheffords Town Centre, presents an ideal opportunity for first-time buyers or investors. Boasting allocated parking for added convenience, this property offers comfortable and contemporary living.
Upon entry, you are greeted by a spacious entrance hall that provides access to all rooms within the apartment. The real highlight of this property is the open-plan living/dining and kitchen area, which exudes a sense of airiness and spaciousness. Dual aspect windows flood the space with natural light, while patio doors lead out onto a Juliet balcony, perfect for enjoying the summer months.
The main bedroom is generously sized and has been meticulously maintained, offering the added benefit of a large en-suite bathroom complete with a walk-in shower. Bedroom two, currently utilized as a dressing room, presents versatility and could easily serve as a second bedroom if desired. Additionally, the main bathroom is of ample size and features a bath with an overhead shower.
Storage is plentiful within the apartment, with two spacious storage cupboards accessible via the hallway. The current owners have demonstrated exceptional upkeep, ensuring that the property is presented in immaculate condition.
Further enhancing the appeal of this residence is the inclusion of allocated underground parking for one vehicle, providing secure and hassle-free parking options. Situated in a sought-after riverside location, the property offers easy access to local amenities, as well as excellent transport links, making it an attractive proposition for both residents and investors alike.
'current charges- 300 annual ground rent and 150.19 monthly service charge.
109 years left on lease
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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