Apartment for sale

£350,950

RETIREMENTMOVE - THE INDEPENDENT RETIREMENT SPECIALISTS are delighted to be marketing BRAND NEW 1 & 2 Bedroom apartments in Knights Lodge, Lymington designed by Churchill Retirement Living.This development of 41 retirement apartments is sure to prove popular due to its location in one of the Sunday Times Best Places to Live 2018.1 Beds from 350,950 & 2 Beds from 479,950''CALL NOW TO BOOK YOUR APPOINTMENT TODAY''

Knights Lodge
All apartments at Churchill Retirement Living are completely self-contained with their own front door, providing you with privacy and peace and quiet when you want it. There is a choice of one and two bedroom apartments and they may all vary slightly when it comes to dimensions and position of rooms.Lymington is a Georgian market town on Lymington River on the Solent in the New Forest. Voted as one of the Best Places to Live 2018 by the Sunday Times, the town boasts two large marinas and two sailing clubs, making the town a haven for yacht enthusiasts. This new development, located on North Close is ideally placed for Lymington Library and for Lymington High Street with its wide range of shops and services.Lymington Town railway station is situated in Station Street less than half a mile away and offers services to Brockenhurst, where it joins the main line to London Waterloo. Lymington Quay with its cobbled streets, luxury yachts and fishing boats is situated just over half a mile away.The high street regularly holds a weekly market with local produce available; perfect for picking up all your weekly cooking essentials. Youll also find a number of shops along the high street including traditional, independent stores and designer boutiques. The high street also has a florist, bakery, greengrocer, pharmacy and post office.Lymington has a range of supermarkets including a Tesco, which is closest to Knights Lodge, along with a Waitrose and M&S Food.Independent tea rooms and restaurants are scattered around the town, so you can enjoy a casual afternoon tea with the family or a catch up with friends. The Malt is Lymingtons own community centre and is home to a cafe, cinema and theatre, while also offering leisure, education and fitness classes. You can enjoy an active, independent retirement at our North Close development in Lymington, which will have a mixture of one and two bedroom apartments.
Kitchen
Kitchens are tiled with colour-coordinated worktops, and come fully fitted with a waist-height oven, hob, hood and fridge/freezer. Most of these developments also have integral washer/dryers fitted in all apartments as standard.
Master Bedrooms
The master bedrooms have fitted mirror-front wardrobes as well as TV and telephone points, with even the smallest details considered.
Shower Rooms
The apartments come with tiled shower rooms as standard, while some of them have separate en-suites and cloakrooms as well all designed for ease of use and with the needs of customers in mind.
Facilities
Fitted kitchen with built in oven, hob, fridge/freezer and washer/dryerFitted and tiled shower roomEasy-turn lever tapsHeated towel rail in shower roomFitted mirror wardrobe to main bedroomIlluminated light switchesDouble glazed windowsOn-site Lodge ManagerCamera entry system24 hour Careline support systemIntruder alarm systemEnergy efficient and economical heatingLift to all floorsConstructed to NHBC standardsOwners Lounge with coffee barGuest Suite

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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

£
£
£
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 292233.75

Mortgage Loan to Value

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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
    £ 8773.75
  • 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

£ 29021.25
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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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

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  • 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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