2 bedroom flat for sale

£185,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Welcome to 10 Navarac Court, a charming 2-bedroom flat nestled in the delightful area of Poole, a place steeped in maritime history and renowned for its stunning coastal views. Imagine waking up to the gentle breezes and scenic outlooks towards Poole Harbour and the Purbeck Hills. Its not just a home; its a lifestyle. This property offers a perfect blend of modern convenience and tranquil living, all within a stones throw from the bustling centre of Poole.

Boasting two spacious bedrooms, this flat provides ample living space with its generous reception room. The property benefits from double-glazed windows, ensuring a cosy interior regardless of the season. The heating is electric, and the internal condition is fair & ready to move in for you to make your mark.

For your vehicle, a secure garage is available, and for your leisure, a well-maintained communal garden awaits. The flat is within walking distance of a train station, providing easy access to the town centre and the picturesque beaches along the coast. Superb shops, restaurants, and pubs are also just a hop, skip, and jump away.

Situated in a lively area, youll find a Tesco Express and a Waitrose all within a short stroll for your daily needs. If nature calls, Luscombe Valley and Branksome Chine Gardens offer the perfect setting for outdoor activities. Numerous eateries and cafes offer culinary delights to satisfy every taste bud. Pharmacies and medical practices are also conveniently located for healthcare needs.

Transport Links

The property is exceptionally well-connected:

Nearest motorway: M27, 18 miles away

Nearest train station: Parkstone Railway Station, 0.6 miles away (trains into London Waterloo)

The nearest international airport, Bournemouth Airport, is 10 miles away

Distance from the centre of Poole: 3 miles

Approximate travel times to other major cities: Bournemouth (12 minutes), Southampton (1 hour), London (2 hours)

Key Features

2 bedrooms
No Chain
Searches available upfront
Close to Poole Harbour
Views towards Purbeck Hills
Walking distance to train station
Garage & Communal Garden
Excellent transport links

Room Sizes

Lounge: 16 x 12
Kitchen: 114' x 91'
Bedroom 1: 117' x 1011'
Bedroom 2: 114' x 102'
Bathroom

Dont miss out on this fantastic opportunity to own a piece of Pooles charm. Must be viewed to be fully appreciated.

AUCTION DETAILS

This property is available via online auction. Cash buyers & Mortgage Buyers welcome.

Why buy at auction?
Under 1% fall through
5 x quicker
Below market pricing

The lot is to be sold by traditional online auction with an end date and time of 28th May at 2pm.

An auction buyers fee of 3.6% (inc of VAT) subject to a minimum fee of 6,000 (inc of VAT) is payable in addition to the purchase price.

The auction will be exclusively available online via the Rocket Auctions website including the legal pack information.

The registration process is extremely simple and free. Please visit the Rocket Auctions website, and click on the register button (or login - if you have already registered).

Stage 1) Register your email address, create a password and confirm your account.
Stage 2) View the legal pack and arrange any viewings
Stage 3) If you would like to bid, use the dashboard button and complete your ID check and enter your payment and solicitors details
Stage 4) You are ready to bid - Good Luck!

No deposit monies are required before you bid.

Guide price(s) are an indication of the sellers expectation. Reserve price(s) are a figure below which the auctioneer cannot sell the lot at auction. The reserve price is not disclosed and remains confidential between the seller and the auctioneer and is set within 10% of the guide range.

A legal pack and special conditions are available to download to anyone who has registered. It is the purchasers responsibility to make all necessary legal and financial enquiries prior to placing any bids.

The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.

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

£ 146075

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
    £ 4625
  • 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

£ 7325
  • 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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