3 bedroom apartment for sale

£495,000

3

Bedrooms

Floorplan

MARTIN&CO are delighted to offer this spacious and stunning Grade II listed ground floor apartment to the market. The property is a former grammar school and is full of character with many fantastic features including open fireplaces and vaulted ceilings. The grounds are accessed via electric gates and the driveway leads to two allocated parking spaces, one of which being covered by a car port. The versatile accommodation comprises lounge, living room/bedroom, kitchen, dining hall, office, workshop/boot room, two bedrooms, two bathrooms and a further dressing room/bedroom. There is a beautiful communal garden which overlooks the historic viaduct.

Harvey Manor is ideally located within walking distance of the popular Harbour Arm, Sunny Sands Beach and The Creative Quarter. For those who are looking to commute, Folkestone Central train station is less than a mile away and you can arrive in St Pancras in under an hour. There are plenty of local schools to choose for both primary and secondary schools.

LOUNGE 18 10" x 16 0" (5.74m x 4.88m)

LIVING ROOM/BEDROOM 13 2" x 16 3" (4.01m x 4.95m)

KITCHEN 13 0" x 13 1" (3.96m x 3.99m)

DINING HALL 19 1" x 8 5" (5.82m x 2.57m)

OFFICE 8 10" x 9 5" (2.69m x 2.87m)

BATHROOM 5 11" x 15 7" (1.8m x 4.75m)

BEDROOM 13 8" x 16 0" (4.17m x 4.88m)

BEDROOM/DRESSING ROOM 7 5" x 15 11" (2.26m x 4.85m)

BEDROOM 7 11" x 16 0" (2.41m x 4.88m)

BATHROOM 7 6" x 11 1" (2.29m x 3.38m)

LEASE: We have been informed by our Vendor that the lease FOR THE PROPERTY has approximately 74 years remaining with a share of the freehold. We understand a new lease of 999 years will be granted upon completion.

SERVICE CHARGE: We have been informed by our Vendor that the service charge is 2160.00 per annum.

GROUND RENT: We have been informed by our Vendor that the service charge is 0.00 per annum.

COUNCIL TAX BAND: COUNCIL TAX BAND C.

EPC: EPC D

MONEY LAUNDERING REGULATIONS: Intended Buyers will be asked to produce photographic ID as well as a recent proof of address and we would ask for your cooperation in order that there will be no delay in agreeing the sale (subject to contract)

IMPORTANT NOTE TO BUYERS: Whilst we endeavour to make our sales details accurate and reliable, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the information. Do so, particularly if contemplating travelling some distance to view the property.

All measurements have been taken using a sonic / laser tape measure and therefore, may be subject to a small margin of error. All Measurements are Approximate. The mention of any appliances and/or services within these Sales Particulars does not imply they are in full and efficient working order.

Our team of highly qualified Financial Consultants can provide you with up to the minute information on many of the rates available. To arrange an appointment, telephone this office. YOUR HOME IS AT RISK IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR OTHER LOANS SECURED ON IT. Full written quotation available on request. A suitable life policy may be required. Loans subject to status. Minimum age 18

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

£ 411075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12375
  • 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

£ 39825
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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