1 bedroom apartment for sale

£215,000

1

Bedrooms

1

Bathrooms


This stunning one bedroomed top floor leasehold apartment would make an ideal home for the retired buyer. Leedham Court is a beautiful retirement complex for the over 60s, built by the renowned builder McCarthy and Stone in 2015.

Situated within easy access to the town centre with its array of shops, cafes, public houses and restaurants.

Apartment 32 is accessed via an intercom system which leads into the communal entrance hallway with a lift or staircase access to the top floor. There is a communal lounge on the ground floor for use by all residents.

The apartment is equipped with electric heating and double glazing and accommodation comprising in brief: - Entrance hallway with a storage cupboard housing the hot water system, shower room with walk-in shower, lounge being open plan into the fitted kitchen with built-in appliances, bedroom with built-in wardrobe with mirror fronted doors.

Externally there are communal gardens and parking ( where there is a charge for this). Internal viewing highly recommended. NO UPWARD CHAIN

Accommodation:
Ground Floor:
Enter the apartment building via a communal exterior door with intercom system into the communal entrance hall.

Entrance Hallway
Giving access to all floors via lifts and staircases.

Communal Lounge
Good sized room for use by all residents for socialising.

Top Floor:
Apartment 32:
Enter the apartment into the entrance hallway.

Entrance Hallway
Having a built-in storage cupboard housing the hot water system and doors accessing the living accommodation and bedroom.

Lounge 14 1' x 13 6' (4.29m x 4.10m)
A light and airy room with a window to the front elevation. The lounge is open plan to the kitchen.

Kitchen 9 8' x 7 1' (2.94m x 2.16m)
Fitted with a range of modern matching wall and base units with complementary working surfaces over and tiled surrounds. Inset into the working surface is a stainless steel unit with mixer tap and a ceramic hob with stainless steel extractor canopy over. There is a built-in electric oven, integrated washing machine, fridge and freezer and a Velux window allowing a degree of natural light.

Bedroom 13 0' x 10 11' (3.96m x 3.33m)
Having a window to the front elevation and built-in wardrobe with mirror sliding doors.

Shower Room
Furnished with a three piece white suite comprising a central flush WC, vanity wash hand basin and a walk-in shower. There is quality tiling to the walls, electric towel radiator and an extractor fan.

Outside:
There is parking which is available at a cost per month (awaiting cost) along with visitor parking spaces, communal gardens and patio seating areas to the rear of the building.

Directions
From our office proceed along New Road taking your left turn into Hope Street, at the road junction proceed forwards to the road junction with Keighley Road, turning left, then left again and follow the road over the bridge, taking your right turn onto Valley Road continue along here over the bridge where the development will be found on your left.

Money Laundering
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER DAVID PROPERTIES NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.


Service Charge / Ground Rent
The service charge half yearly is 980.08, the ground rent per half yearly is 212.50 and the parking charges is 125.00 per half yearly

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

£ 169325

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
    £ 5375
  • 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

£ 8075
  • 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

Adjust these figures

  %
  %
£
  %

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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