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£250,000
Bedrooms
Bathrooms
Charming 2 bedroom flat located on the second floor of Turnberry Court in Watford with an extended lease and an Entryphone system for added security. This property also boasts allocated parking and has a newly fitted kitchen and bathroom, fitted wardrobes, double glazing, and the added bonus of no upper chain.
Accommodation comprises (all measurements approximate)
Entrance door to:
HALLWAY
Entry phone, carpet, power point, cupboard containing tank and doors to Lounge, Kitchen, Bathroom and 2 bedrooms, consumer unit.
LOUNGE
4.62m x 3.73m max. (152 x 123max)
Double glazed window to front, carpet, power points, electric heater.
KITCHEN
2.49m x 2.26m (82 x 75)
Newly fitted Kitchen. Double glazed window to side, laminate floor, part tiled walls, power points, wall and base units, brand new unused hob and electric oven, stainless steel sink with mixer tap. Under worktop, washing machine, dishwasher and 2 recesses with power points.
BATHROOM
2.03m x 2.26m (68 x 75)
Newly fitted Bathroom. Part tiled with shelf recess, laminate floor, white suite, WC, pedestal handbasin, bath with shower attachment over and extractor fan.
BEDROOM 1
2.82m x 2.67m (93 x 89) from built in wardrobes.
Double glazed window, built in wardrobes, carpet, electric heater and power point.
BEDROOM 2
2.34m x 2.21m (78 x 73)
Double glazed window, carpet, electric heater and power point.
COMMUNAL GARDENS
LEASE Lease to be extended to 153 years remaining to allow Completion of Sale
SERVICE CHARGE 87.68 per month.
GROUND RENT. Peppercorn (0)
COUNCIL TAX BAND THREE RIVERS COUNCIL
ENERGY RATING C
UTILITIES
ELECTRICMains Supply
WATER Mains Supply
SEWERAGEMains Supply
GAS N/A
NOTICE
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and must not be used when ordering either furniture or carpets.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Slades has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
Lease details, service charges and ground rent (where applicable) have been provided by the client and should be checked and confirmed by your solicitor prior to exchange of contracts.
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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