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£340,000
Bedrooms
Bathrooms
Scott & Stapleton are excited to offer for sale this enormous duplex apartment with stunning roof terrace, situated just a stones throw from Leigh Broadway. This fabulous property is in need of some general modernisation but with a bit of vision & a little hard work this could be a spectacular opportunity.
The huge property extends to approx. 1,150 sq ft and benefits from a large lounge, separate kitchen/diner, family bathroom & 2 good size bedrooms on the first floor. The second floor has the impressive master bedroom suite with bedroom, study area, en suite shower room and access to the 20 x 13 roof terrace with stunning views over Leigh & even sea glimpses.
The property also benefits from a new lease & no ground rent charges.
Located within a few yards of Leigh Broadway with local shops, restaurants & bars within easy staggering distance. The mainline railway stations, local schools & all other amenities are also nearby.
Offered with vacant possession & no onward chain this is a brilliant opportunity to purchase a magnificent apartment in a highly desirable location. An early internal inspection is strongly advised.
Accommodation Comprises - Communal entrance door leading to communal entrance hall with personal door leading to stairs to first floor landing.
First Floor Landing - 7.72m x 1.73m (254 x 58) - Huge bright space with stairs to second floor. Built in cupboard housing meters, radiator. Doors to all rooms.
Lounge - 4.65m x 3.48m (153 x 115) - Large UPVC double glazed square bay window to front. Feature wooden fireplace, radiator, coved ceiling.
Kitchen/Diner - 4.06m x 3.45m (134 x 114) - Double aspect room with UPVC double glazed windows to side & rear. Range of base & eye level units, spaces for oven, fridge/freezer & washing machine. Roll edge worktops with inset sink unit, wall mounted Vaillant boiler (not tested), radiator.
Family Bathroom - 2.57m x 2.16m (85 x 71) - Obscure UPVC double glazed window to side. White suite comprising of panelled bath, pedestal wash hand basin & low level WC, radiator.
Bedroom 2 - 3.73m x 3.53m (123 x 117) - UPVC double glazed window to rear. Radiator, 2 wall light points.
Bedroom 3 - 2.49m x 2.03m (82 x 68) - UPVC double glazed window to front. Radiator.
Second Floor Master Bedroom Suite - 6.27m x 5.28m max (207 x 174 max) - UPVC double glazed window to front. Large picture window to rear, door to rear on to roof terrace. 2 double radiators, fitted cupboards. Door to en suite.
Alcove - 3.20m x 1.24m (106 x 41) - Window to front. Restricted head height. Ideal for study area or wardrobes.
En Suite - 2.74m x 1.57m (9 x 52) - Obscure glazed window to rear. White suite comprising shower cubicle, wall mounted wash hand basin & low level WC. Space & plumbing for washing machine.
Roof Terrace - 6.17m x 4.01m (203 x 132) - Fantastic outside space with tiled floor & wrought iron railings. Views over Leigh on Sea & sea glimpses. Great space for al fresco dining or entertaining.
Lease Details - Brand new 125 year lease.
No ground rent payable.
Maintenance split with ground floor apartment.
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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