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£175,000
Bedrooms
Bathrooms
A bright and well-proportioned lower ground floor apartment, set in an imposing Grade II Listed building in Lansdown.
The area is just a short walk to Cheltenham Promenade, with an array of boutique shops, bars, restaurants, and well-kept leisure gardens.
The property is accessed via the rear of the property where there is a communal patio area tucked away from passers-by. This could make an excellent space for a table and chairs with a few pots and plants. Accommodation briefly comprises a good size entrance hall with two handy storage cupboards (one with space for a freezer) and doors to all rooms. The spacious living room has a large sash window with a southerly aspect and leads through into a modern fitted kitchen with matching floor and wall mounted storage units, integral gas hob and oven, and space for a fridge freezer and washing machine. There are two bedrooms with the master bedroom featuring a large mirrored built-in wardrobe. Both bedrooms are to the rear away from passing traffic. The bathroom is fitted with a white suite including a shower over the bath, chrome taps and a heated towel rail.
Further benefits include gas central heating, a fan assisted ventilation system, communal off road parking, and NO ONWARD CHAIN.
LEASEHOLD INFORMATION - Lease 999 YEARS FROM 29/6/2012; Service Charge 1204.20 per annum; Ground Rent - 75 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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