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£80,000
Bedrooms
Bathrooms
A well presented first floor retirement apartment occupying a highly convenient position close to Exeter city centre. Lounge/dining room open plan to kitchen. Reception hall. Double bedroom. Refitted modern shower room. Electric heating. UPVC double glazing. Beautifully well kept and maintained communal gardens and grounds. No onward chain. Viewing highly recommended.
Accommodation in detail comprises (All dimensions approximate)
Communal front door,
communal hallway: With stairs or lift to:
Second floor: Open communal walkway with private obscure glazed door leading to:
Flat 27 - hallway: Night storage heater. Telephone point. Alarm intercom. Smoke alarm. Cloak hanging space. Access to roof void. Door to:
Lounge/dining room: 15€™2€(4.62m) x 9€™8€ (2.95m) maximum. Night storage heater. Television aerial point. Telephone point. UPVC double glazed window to rear aspect. Open plan to:
Kitchen: 7€™8€ (2.30m) x 6€™0€ (1.83m). Fitted with a range of matching base, drawer and eye level cupboards. Marble effect roll edge work surfaces with tiled splashbacks. Single drainer sink unit with modern style mixer tap. Fitted electric oven. Four ring electric hob. Plumbing and space for washing machine. Space for upright fridge freezer. Electric consumer unit. UPVC double glazed window to front aspect.
From hallway, door to:
Bedroom: 13€™6€ (4.11m) excluding wardrobe space x 7€™10€ (2.39m) maximum. Night storage heater. Built in double wardrobe with mirror fronted doors. UPVC double glazed window to rear aspect.
From hallway, door to:
Shower room: 6€™6€ (1.98m) x 5€™4€ (1.63m). A refitted modern matching white suite comprising double length shower tray with toughened glass shower screen and fitted electric shower. Wash hand basin set in vanity unit with modern style mixer tap and cupboard space beneath. Low level WC. Tiled wall surround. Heated ladder towel rail. Recess with fitted shelving. Obscure uPVC double glazed window to front aspect.
Outside: The property benefits from the use of the communal gardens and grounds, residents€™ lounge and carpark. There is availability to book a guest flat.
Tenure leasehold: The lease has been extended and now runs to 16th January 2178.
Maintenance/service charge: The current service charge is set at 190 per month to include general maintenance, upkeep of the building, warden€™s salary, communal electricity, gardening, external window cleaning, insurances etc.
Ground rent: 50 per annum
directions: From the roundabout at the top of Sidwell Street take the first exit left into Western Way. Take the first turning left into Belmont Road and continue along taking the second turning left into Grosvenor Place. Continue along and turn right into Cleveland Court
viewing: Strictly by appointment with the Vendors Agents.
Agents note: The information given in these particulars is intended to help you decide whether you wish to view this property and to avoid wasting your time in viewing unsuitable properties. We have tried to make sure that these particulars are accurate, but to a large extent we have to rely on what the seller tells us about the property.
We do not check every single piece of information ourselves as the cost of doing so would be prohibitive and we do not wish to unnecessarily add to the cost of moving house.
Once you find the property you want to buy, you will need to carry out more investigations into the property than it is practical or reasonable for an estate agent to do when preparing sales particulars. For example, we have not carried out any kind of survey of the property to look for structural defects and would advise any homebuyer to obtain a surveyor€™s report before exchanging contracts. If you do not have your own surveyor, we would be pleased to recommend one. We have not checked whether any equipment in the property (such as central heating) is in working order and would advise homebuyers to check this.
You should also instruct a solicitor to investigate all legal matters relating to the property (e.g. Title, planning permission, etc.) as these are specialist matters in which estate agents are not qualified. Your solicitor will also agree with the seller what items (e.g. Carpets, curtains, etc.) will be included in the sale.
Please be aware that all measurements within these particulars are recorded with a sonic tape, and whilst every effort has been taken to ensure their accuracy potential purchasers are recommended to satisfy themselves before entering a contract to purchase.
Agents note money laundering policy: Samuels Estate Agents are committed to ensuring that it has adequate controls to counter money laundering activities and terrorist financing activities, in line with the Money Laundering Regulations 2007. Any prospective purchaser will be required to show proof of funds and identification. We ask for your cooperation on this matter in order that there will be no delay in the transaction
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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