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£285,000
Bedrooms
Bathrooms
LOCATION, LOCATION, LOCATION
A rare opportunity to purchase this TOWN CENTRE GARDEN FLAT with GARAGE located in the heart of Frinton-on-Sea. This great property forms part of a small development centrally positioned just off of Connaught Avenue and within a short stroll to the beach and greensward. The accommodation offers a lounge, kitchen, three bedrooms, bathroom, separate cloakroom and a private south westerly facing garden. It will be sold with NO ONWARD CHAIN & A 936 YEAR LEASE TERM. Frintons popular golf, tennis and cricket clubs are within easy reach as well as Frinton Railway Station with services to Colchester and London Liverpool Street. Call Paveys today to arrange a viewing.
Porch - Private UPVC double glazed entrance door and side panel to front aspect, fitted carpet.
Entrance Hall - Newly fitted stable door to Entrance Hall, fitted carpet, built in double cloaks cupboard, built in cupboard, radiator.
Lounge - 4.75m x 3.66m (157 x 12) - Double glazed window to front, fitted day and night blinds fitted carpet, coved ceiling, fire surround and hearth, TV point, radiator.
Kitchen - 3.51m x 2.39m (116 x 710) - Newly fitted kitchen, over and under counter units, work tops, inset sink and drainer with mixer tap. Electric cooker with extractor over, space for fridge freezer, space and plumbing for dishwasher, cupboard housing wall mounted boiler (not tested by agent). Double glazed door and window to rear garden, vinyl flooring, part tiled walls, built in cupboard housing with space and plumbing for washing machine.
Master Bedroom - 3.35m x 3.30m (11 x 1010) - Double glazed windows to front and side aspects, fitted day and night blinds, fitted carpet, coved ceiling, TV point, large fitted wardrobe with sliding doors, radiator.
Bedroom Two - 3.07m x 2.97m (101 x 99) - Double glazed double doors to rear garden, fitted carpet, coved ceiling, TV point, electric blind outside double doors, radiator.
Bedroom Three - 3.30m x 2.16m (1010 x 71) - Double glazed window to front, fitted day and night blinds, fitted carpet, coved ceiling, radiator.
Shower Room - Newly fitted white suite comprising vanity wash hand basin and walk in shower and screen. Double glazed window to rear, vinyl flooring, part tiled walls, radiator.
Cloakroom - Double glazed window to rear, fitted day and night blind, white low level comfort WC, vinyl flooring.
Outside Rear - Private south westerly facing garden, paved for low maintenance flower and shrub borders, lawn area, outside tap, shed, side access to front, access ramp to Kitchen door. External double electric point, outside lighting, electric blind to the rear of the double doors.
Garage - Located in block to the rear of the property, up and over door.
Important Information - Council Tax Band: C
Tenure: Leasehold
Energy Performance Certificate (EPC) rating: D
The property is connected to electric, mains water and sewerage.
Lease & Service Charge Information - The Vendor has advised:
The property has the benefit of a 999 year Lease from 1960 (approx 934 years remaining).
Ground Rent: 20 P/A
Service Charge: 403 P/A
Lease Disclaimer - It is up to any interested party to satisfy themselves of all the relevant Lease details with their legal representative before incurring any expenditure.
Disclaimer - These particulars are intended to give a fair description of the property and are in no way guaranteed, nor do they form part of any contract. All room measurements are approximate and a laser measurer has been used. Paveys Estate Agents have not tested any apparatus, equipment, fixtures & fittings or all services, so we can not verify if they are in working order or fit for purpose. Any potential buyer is advised to obtain verification via their solicitor or surveyor. Please Note: the floor plans are not to scale and are for illustration purposes only.
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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