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£235,000
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Luxury 2-Bedroom Apartment - Gospel Heights, Heswall, Wirral
Price: 235,000
Yield: 5% NET on Long-Term Let
Rental Income: 1,175 pcm (14,100 per annum)
Tenancy: Currently tenanted until 11th December 2024
Leasehold: 999 years
Completion: New build, completed in 2023
Location: Affluent Heswall, Wirral Peninsula
Property Overview:
Apartment 17, Gospel Heights, offers a premium investment opportunity in the heart of Heswall, one of the most sought-after areas on the Wirral Peninsula. This modern 2-bedroom apartment, located on the second floor, presents a perfect combination of luxury living and investment potential. With a 5% NET yield on long-term rentals and the possibility for even higher returns through short-term lets, this property is well-suited for investors looking for flexibility and multiple revenue streams.
Alternatively, Gospel Heights offers the perfect opportunity for an owner-occupier to create a home in this luxury apartment complex.
Investment Highlights:
'Rental Income: 1,175 pcm, yielding 14,100 per annum
'Tenanted until December 2024, ensuring immediate rental income
'Multiple revenue options: Long-term letting, short-term serviced accommodation, or owner-occupier
'Property management: Available through Residential Estates for lettings or short-term guest management
Location:
Gospel Heights is nestled in the affluent town of Heswall, offering residents a tranquil yet well-connected lifestyle. The development benefits from easy access to Liverpool and Chester, and is surrounded by some of the UKs top golf courses. This makes the apartment an ideal choice for those interested in the growing short-term rental market, attracting both holidaymakers and professionals seeking accommodation in this desirable area.
With below market value pricing and long-term potential for growth, Apartment 17 at Gospel Heights is a fantastic opportunity for investors looking to capitalize on a high-demand rental location.
Contact Us Today
For more details or to arrange a viewing of this investment opportunity, please contact us.
Tenure: Leasehold (999 years)
Service Charge: 928.16 per year
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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