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£360,000
Bedrooms
Bathrooms
Scott & Stapleton are delighted to offer for sale this substantial ground floor self contained apartment which has been maintained to the highest of standards by the present vendor.
This fabulous property ticks every possible box with its own front door, huge lounge, luxury fitted kitchen, 2 double bedrooms, modern fitted shower room, private rear garden, detached garage, off street parking & long lease.
Located in a highly desirable location south of the London Road this superb apartment is within a short walk of Leigh Broadway with Leigh station, North Street Schools and all other local amenities also on the doorstep.
A great opportunity for a first time purchase or a brilliant downsizing option. An early internal inspection is strongly advised.
Accommodation Comprises - Composite style entrance door with glazed inset leading to entrance hall.
Entrance Hall - 3.84m x 1.32m (127 x 44) - Large welcoming entrance hall with original black & white check tiled floor. Large understairs storage cupboard housing meters.
Lounge - 5.38m x 5.23m (178 x 172) - Great size, bright room with huge UPVC double glazed bay window to front. Feature cast iron fireplace with slate hearth & wooden mantle, fitted cupboards & shelving to alcoves, radiator.
Inner Hallway - UPVC double glazed french doors in to garden.
Kitchen - 6.02m x 2.44m (199 x 8) - UPVC double glazed door to side with further UPVC double glazed windows to size. Range of Shaker style base & eye level units with matching drawer pack & spaces for electric oven & fridge/freezer. Wood effect worktop with matching upstand, inset stainless steel sink unit with drainer & mixer tap. Karndean flooring, radiator, large boiler cupboard with wall mounted Vaillant boiler & space for washing machine.
Bedroom 1 - 4.17m x 3.20m (138 x 106) - UPVC double glazed window to rear. Fitted wardrobe, radiator.
Bedroom 2 - 4.11m x 3.38m (136 x 111) - UPVC double glazed windows to rear & side. Range of fitted wardrobes, 2 radiators.
Shower Room - 2.03m x 1.57m (68 x 52) - Obscure UPVC double glazed window to rear. Luxury fitted white suite comprising of walk in shower cubicle with oversized shower head & glass screen, low level WC & wash hand basin in vanity unit with mixer tap & cupboard below. Fully tiled walls & floor, radiator, extractor fan.
Garden - L shaped courtyard style garden, fully paved and very private with good fencing. Outside tap & lighting, gated pedestrian access to rear. A perfect area for al fresco dining relaxing.
Garage - Detached single garage with double doors, Power & light. Parking available in front.
Lease Information - Approx. 150 years remaining of the lease.
Ground rent 30 per annum
Service charge 215 per annum
Buildings Insurance 623.50 per annum
Managing agents Pace
Freeholder Phoenega Trading Company.
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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