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£150,000 Guide Price
Bedrooms
Bathrooms
SPACIOUS GROUND FLOOR FLAT! With two double bedrooms, a large lounge - dining room, modern kitchen and a white bathroom suite this generous ground floor home is a must see! The property is offered with NO ONWARD CHAIN and has a storage shed and residents parking.
Accommodation Comprises of:
Entrance Hall
Lounge/Dining Area 192 x 162 (5.84m x 4.93m)
Kitchen 110 x 87 (3.35m x 2.62m)
Bedroom 135 x 116 (4.10m x 3.51m)
Bedroom 143 x 84 (4.34m x 2.54m)
Bathroom
Separate WC
Outside
Storage shed and residents parking
Directions
Leave Norwich heading West on Dereham Road, turn right into Marl Pit Lane then left into Knowland Grove, the property can be found on the left hand side.
Location
Costessey is a vibrant village and has an infant, junior and high schools as well as numerous pre school groups, youth groups and other family facilities. Local supermarkets and leisure facilities are within easy reach and Norwich City Centre offers extensive shopping and cultural together with a main line rail service to London Liverpool Street and Norwich Airport, on the outskirts of the city is approximately 5 miles.
Energy Performance Certificate: C
Council Tax Band: A Norwich City Council
IMPORTANT NOTICE
Property Ladder, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any leasehold charges are provided by the seller and provision should be made to have your legal representative fact check this.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Property Ladder have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise
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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