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40 Southern Hay, Basildon
£170,000
Bedrooms
Bathrooms
Temme English are thrilled to present this recently renovated one-bedroom ground floor apartment, ideally located in the ever-popular area of Laindon.
This stylish home offers spacious and thoughtfully arranged accommodation, including a generously sized lounge and dining area-perfect for both relaxing and entertaining. The sleek, modern kitchen is designed with both functionality and aesthetics in mind, while the contemporary bathroom features a shower over the bath for added convenience. The well-proportioned double bedroom measures an impressive 109' x 91', providing a comfortable and tranquil retreat.
Situated just a short walk from Laindon town centre and mainline rail links with direct access into London, this location offers unbeatable convenience for commuters and local amenities alike.
Externally, the property benefits from an allocated parking space along with additional visitors parking-ideal for hosting guests.
Offered with no onward chain, this fantastic apartment is ready to move into and would make a perfect first home, investment opportunity, or downsize option.
An internal viewing is highly recommended to fully appreciate all that this superb home has to offer.
One Double Bedroom Ground Floor Apartment With Full Double Glazing
Recently Refurbished With New Decor, Flooring & Plastering!
Main Bedroom 104 x 99
Spacious Lounge Diner 14 x 99
Modern Kitchen 99 x 58
Bathroom 67 x 57 With Electric Shower
Ample Storage Cupboard
Allocated Parking Plus Visitor Parking
Walking Distance To Laindon Train Station & With Excellent Transport Links To The A127
NO ONWARD CHAIN
Council Tax Band - A (1,496) Per Year
EPC RATING - D
Lease - 88 Years Remaining
Ground Rent Approx 40 Per Quarter
Service Charge Approx 130 Per Month
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.
40 Southern Hay, Basildon
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