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£115,000
Bedrooms
Bathrooms
15 HILLSTEAD COURT, CLIDDESDEN ROAD, BASINGSTOKE, RG21 3PT
A one-bedroom first floor retirement apartment for the over 55s with living room, kitchen and shower room, all rooms have emergency pull cords. Hillstead Court is in a quiet location within walking distance of the vibrant town centre of Basingstoke with its comprehensive selection of shops, restaurants and service providers. Basingstoke is well served by public transport with frequent fast trains to London Waterloo and frequent bus services within the town and to outlying villages and towns including Newbury and Andover.
THE ACCOMMODATION COMPRISES
All measurements are approximate
COMMUNAL ENTRANCE HALL Lift & stairs to first floor
ENTRANCE HALL Airing cupboard, entry-phone handset.
SHOWER ROOM Fully tiled with modern white suite with double shower cubicle, WC with concealed cistern & semi-recessed wash hand basin set in a white vanity unit, wall cupboard, illuminated mirror, heated towel rail, extractor fan.
LIVING ROOM 15 x 10 Dual aspect, two double glazed windows, Dimplex Quantum electric heater, two wall uplighters.
KITCHEN 8 x 5 Stainless steel single drainer sink unit with cupboards and drawers under, built-in ceramic four ring hob set in a worktop with further cupboards and drawers under, built-in electric oven, matching wall cupboards with extractor hood, space for fridge/freezer, double glazed window, part tiled walls.
BEDROOM 12 x 9 Double glazed window, electric heater, wall light, two built-in double wardrobes.
COMMUNAL FACILITIES
Residents lounge
Residents laundry room with washing machine and dryer
Gardens
Parking
Bin store
Mobility Scooter Store
SERVICES Mains electricity, water and sewage.
EPC RATING B
LEASEHOLD 99 years from 4th June 1987
GROUND RENT Currently 240 per annum 1st January 2025 - 31st December 2025
SERVICE CHARGE Currently 3059.36 per annum 1st January 2025 - 31st December 2025
COUNCIL TAX We understand from the Valuation Office Agency that the property is in tax band B.
VIEWING Only by appointment with Parnell, Jordy & Harvey, 5 Winchester Street, Overton, Basingstoke, RG25 3HR.
FOLIO 20074 RB8525
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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