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£200,000
Bedrooms
Bathrooms
PAPERMAKERS OVERTON RG25 3NS
All measurements are approximate
A good size one bedroom ground floor flat with separate living room, kitchen/breakfast room, refitted bathroom, parking and garage. Conveniently situated a short walk from the centre of the village where there is a decent choice of shops, cafs, pubs and restaurants as well as many clubs, sports and recreational facilities. From here there is a regular bus service to Basingstoke, Andover and in term time to Winchester. The mainline railway station provides fast services to London (Waterloo) via Basingstoke and to Salisbury and the South West. The A303 at Popham is only a short drive away linking London M3 (M25) with the south coast and the West Country.
THE ACCOMMODATION COMPRISES
FRONT DOOR to:-
ENTRANCE LOBBY Door to:-
LIVING ROOM About 126'x 126'max Double aspect, two radiators, power points, television point, double glazed windows.
INNER HALLWAY (L shaped) Radiator, power point, door to garage.
STUDY AREA In the recess.
KITCHEN/BREAKFAST ROOM About 157'x 7 Acrylic one and a half bowl sink unit with mixer taps set in a rolled edge work surface with cupboards under, matching wall cupboards, built in oven and hob with extractor over, plumbing for washing machine, space for fridge, wall mounted gas boiler for central heating and domestic hot water, built in larder cupboard, radiator, power points, double glazed window.
BEDROOM About 103'x 93' Radiator, power points, built in wardrobes, double glazed window.
BATHROOM Panelled bath with mixer taps and shower head, set in a tiled surround with shower screen, pedestal wash hand basin with mixer taps, close coupled WC, radiator, shaver light point, extractor fan, ceramic tiled floor.
GARAGE About 20x 86' Up and over door, power and lighting.
SERVICES All main services Gas radiator central heating
LEASEHOLD 999 years from December 2021
SERVICE Charge 907 pa
COUNCIL TAX We understand from the Valuation Agency Office that the property is in band 'C'
VIEWING Only by appointment with Parnell Jordy & Harvey, 5 Winchester Street, Overton, Basingstoke, RG25 3HR.
FOLIO 17393 RB2525
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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