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£210,000
Bedrooms
Bathrooms
A smart, light and airy first floor apartment, forming part of this attractive period building situated in one of the most prestigious locations in Cheltenham. Offered for sale with NO ONWARD CHAIN.
Enjoying a pleasant, leafy outlook to both front and rear., this well presented apartment is reached via an attractive communal hallway with a sweeping staircase leading up to the first floor. Comprising briefly: entrance hall, living room with sash window to the front aspect and opening to the contemporary kitchen. Fitted with a range of matching wall and base units, stainless steel sink with mixer tap, four ring gas hob with a cooker under, stainless steel extractor and splashback, space for both a slimline dishwasher and washing machine. The double bedroom has a window to the rear aspect with a pleasant outlook of gardens and greenery, two built-in wardrobes and a door to the en-suite bathroom. The en-suite bathroom is fitted with a three piece white suite to include a shower over the P-shaped bath.
Further benefits include gas central heating and off road parking (on a first come, first served basis).
LEASEHOLD INFORMATION - Share of Freehold. Lease - 940 years remaining: Service Charge - 1985.85 per annum
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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