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£200,000 Offers over
Bedrooms
''INVESTMENT OPPORTUNITY''Right Let Leeds are pleased to offer for sale this immaculate three bedroom apartment set amongst a recently built development in far Headingley. The apartment is within walking distance of the Village hotel with its gymnasium and spa, local shops, bars and also the Becketts park campus of Leeds Metropolitan University. The property is conveniently situated for road links in to Headingley, the city centre and the Ring Road. This 3 bedroom apartment has an allocated parking space in the secure underground car park as well as ample visitor spaces. The master bedroom has a large en suite and there is also a large jack-and-Jill house bathroom. The Living room is very spacious and includes a sofa and dining table. The large kitchen comes fully equipped with oven, hob, fan, washer dryer, fridge freezer and dishwasher. The property is currently let until JUNE 30th 2019 - IDEAL INVESTMENT OPPORTUNITY - RENTAL INCOME OF 1250 PER MONTH.
In addition to the list of charges there is also a 157 half yearly charge for the ground rent. There is the opportunity to purchase the freehold for 2000 then there is no ground rent to pay.
157 half yearly ground rent (Option to purchase freehold to negate this for 2000).
Service charge to Time Square (Headingley Leeds) Management Company 153.75 per month.
Service charge to Headingley (Otley Road) Management Company 110 per year.
Service charge to Central Park (Headingley) Management Company 100 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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