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£159,950 Guide Price
Bathrooms
A larger than average second floor studio apartment located on Iver Village High Street with an allocated car parking space and sold with no onward chain - EPC C
DESCRIPTION
A larger than average second floor studio apartment located on Iver Village High Street with
the Elizabeth Line at Richings Park being approximately 0.9 miles distant. Sold with no onward chain complications, the property offers generous accommodation comprising a spacious dual aspect studio room with storage cupboard, a dual aspect kitchen/diner with a basic range of wall and floor cupboard fitted units and a shower room.
OUTSIDE
One allocated parking space.
LOCATION
The motorway network, London Heathrow Airport, Stockley Business Park, town centre of Uxbridge and Slough Trading Estate are all within easy motoring distance. Mainline railway with Elizabeth Line situated in Richings Park, Iver.
Tenure - We understand that the property is held on a lease term of 99 years from 11/12/2013 (88 years remaining).'
Ground Rent - We understand that the ground rent currently payable is 100 per annum. The ground rent increases to 200 in 2046, 400 in 2079 for the remainder of the lease term'
Service Charge - We understand that the annual service charge payable for the current year is 719.97 per annum. In addition to this, we are advised that there will be some roof repair works taking place this year. The share of the cost due for Flat 5 will be approx. 2900 and the current owners have confirmed that they will pay this. '
Heating & Hot Water - A gas fired boiler serves the radiator system and provides the domestic hot water. Electric immersion heater in a hot water cylinder.
Council Tax Band - We understand that the current council tax band is B.
Services - Mains gas, electricity, water and drainage.
Viewings - Strictly by appointment with R Whitley & Co.
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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