2 bedroom flat for sale

£68,000 Guide Price

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

This property is to be offered for sale by PROPERTY SOLVERS ONLINE UNCONDITIONAL AUCTION (28-DAY IMMEDIATE EXCHANGE).

Bidding opens on Saturday 9th October 2021 at 12:00 and closes on Friday 15th October 2021 at 12:00 with a GUIDE PRICE of 68,000

Property Description

This modern apartment offers a superb standard of living accommodation in a convenient location. With skyline views from the communal gardens and a wonderfully central situation on Cambuslang Main Street. Briefly comprising of a modern well-proportioned living kitchen, 2 bedrooms, family bathroom, spacious entrance hall, and well kept communal areas.

Private entrance hallway

The front door of the apartment leads into a spacious private entrance hallway, from here all rooms are accessed. Featuring: wood effect flooring, entrance intercom, heater, ceiling mounted light fitting, built-in storage cupboard.

Living kitchen

A bright and spacious room with a large window overlooking Main Street, featuring: carpeted flooring, ceiling mounted light fittings, heater, aerial socket.

Fully fitted modern kitchen featuring: an excellent range of high gloss base and eye level cupboards, integrated oven, hob with extractor hood, space for a fridge/freezer, modern work surface with matching wipeable wall panelling, bowl, and a half stainless steel sink with drainer and mixer tap, ceiling mounted lighting, picture window overlooking Main Street.

Principle Bedroom

Double bedroom with wood effect flooring featuring: window, built-in wardrobe, pendant light fitting, heater.

Bedroom 2

Single bedroom with wood effect flooring featuring: window, heater, pendant light fitting.

Bathroom

Fully fitted bathroom with a three-piece white suite featuring: electric shower above bath with adjustable height shower head, shower screen, integrated toilet, basin with cupboard beneath and mirror above, wipeable wall panelling, towel rail, wood effect flooring.

Outside

Communal paved gardens with skyline views, seating areas, and a selection of attractive raised beds.

Location

Situated 6 miles southeast of Glasgow. Ideally placed for public transport with Cambuslang Railway Station just a short walk away offering national services including to Glasgow Central in just 6 minutes, and a huge choice of local bus services within close proximity of the property.

Surrounded by a wide choice of amenities predominantly around Main Street including cosy cafes, shops, restaurants, and bars. In addition, the EK shopping centre in East Kilbride is just over 5 miles away with a vast array of shops, a cinema, and an ice rink.

Property Particulars

Living Area = 4.80 x 4.15 (159x 137)

Kitchen = 3.20 x 1.90 (106 x 63)

Bedroom 1 = 3.95 x 3.05 (130 x 100)

Bedroom 2 = 3.95 x 1.80 (130 x 511)

Bathroom TBC

More Information

Our enquiry line is open 24/7 and were happy to answer any questions.

Auction terms + conditions, AML requirements and fees are available on our website [Google: Property Solvers > Property Auctions (in navigation) > Auction Property for Sale (drop-down)].

The legal pack will be uploaded in good time prior to the auction bidding process. Proof of rental receipts can be viewed in the legal pack.

Viewings

Property Solvers Online Auctions will be running open mornings/afternoons and independent viewings (where required).

All viewers must observe our COVID-19 Viewing Policy (available on the listing).

Notice to Bidders

Please be aware that if your bid is successful on auction day, the exchange of contracts will happen immediately after the Auction. A 10% deposit will be required.

As part of the Property Solvers Online Auction process, bidders will be required to register online and provide proof of ID documents (passport and photo driving license). For a full list of requirements please see the legal pack documents.

Buyer Reservation Fee

A 2% + VAT (non-refundable) fee + 125 + VAT processing fee will be due from the winning bidder.



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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

£ 55400

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 1700
  • 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

£ 4400
  • 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

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  %

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

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  %

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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