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£400,000
Bedrooms
Bathrooms
Scott & Stapleton have pleasure in offering for sale this superb ground floor garden flat benefitting from extremely spacious & well presented accommodation being located just a few yards from Chalkwell station & seafront.
This fabulous conversion flat boasts an abundance of original features and has been sympathetically restored and maintained by the present vendor with a great blend of character & contemporary details.
The property has a wonderful entrance hall with original Terrazzo flooring, large lounge, separate dining room, 2 good size bedrooms plus fitted kitchen & bathroom and the added attraction of a well tended private rear garden.
Located in a highly sought after location the property is just a few minutes walk from the mainline railway station whilst Leigh Broadway is also close to hand.
A great opportunity to purchase an outstanding flat with stunning interior in a desirable location. An early internal inspection is strongly advised.
Accommodation Comprises - Original communal entrance door leading to communal entrance hall with personal door leading to:
Entrance Hall - 2.77m x 2.62m (91 x 87) - Large, welcoming entrance with fabulous original Terrazzo feature mosaic tiled floor leading to further area of original stripped wood flooring. Dado rail, picture rail, coved ceiling. Panelled doors to all rooms.
Lounge - 4.78m x 4.55m (158 x 1411) - Large original bay window to front with estuary views. Feature Victorian fireplace with open fire, wooden mantle & slate hearth, feature moulded ceiling, picture rail coved ceiling, radiator, stripped wood flooring.
Bedroom 1 - 4.32m x 3.23m (142 x 107) - Original french doors to rear on to garden. Feature cast iron Victorian fireplace with original tiles & wooden hearth. Full height fitted wardrobes to alcoves, stripped wood flooring, coved ceiling with ceiling roase, radiator.
Bedroom 2 - 2.95m x 2.51m (98 x 83) - Sash window to rear. Picture rai, coved ceiling, radiator, painted floorboards.
Dining Room. - 3.15m x 3.12m (104 x 103) - UPVC double glazed sash window to side. Stripped wood flooring, picture rail, coved ceiling, radiator. Large built in boiler cupboard housing Ideal combination boiler (not tested). Opening to kitchen.
Kitchen - 3.18m x 1.88m (105 x 62) - UPVC half double glazed door with adjacent UPVC double glazed window to side on to garden. Range of base & eye level units with drawers over base units. Integrated appliances including electric oven, separate gas hob, extractor fan, fridge & freezer, space for washing machine. Roll edge worktops with inset stainless steel sink unit with matching drainer & mixer tap, tiled splashbacks. Tiled floor, ceiling spotlights.
Bathroom. - 3.10m x 1.45m (102 x 49) - Obscure UPVC double glazed window to rear. White suite comprising of panelled bath with mixer tap, shower attachment & glass screen, low level WC & pedestal wash hand basin. Part tiled walls, rdiator, ceiling spotlights, extractor fan.
Rear Garden - Delightful, well tended garden with good size patio area leading to immaculate lawn with well stocked borders. Secluded, being fully fenced with timber shed & outside tap. Gated access to the rear from Woodfield Road ideal for garden waste removal or bike access.
Lease Details - The vendor informs us of the following:
101 years remaining on the lease
The freeholder Southern Land Securities LTD - Together Property Management
Ground rent is 300 per annum
Service charge including buildings insurance is approx. 1,000 per annum
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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