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£90,000 Offers over
Bedrooms
Bathrooms
The Property
Ferndale is a purpose-built block of retirement apartments, this is a vacant, well-presented apartment.
Attractive and well-maintained communal areas, residents lounge, guest suite and house manager.
A first-floor apartmentwithin a popular over 60s development, just a short distance from Handforth village centre and its shops, restaurants, doctors, dentist, library and more. Conveniently located for Handforth Train Station.
A great opportunity to acquire a lovely self-contained immaculate apartment. The private apartment comprises- entrance hallway with storage cupboard and airing cupboard, lounge with attractive fitted feature fire surround and electric fireplace, recently fitted kitchen with free standing Electric cooker, space for Fridge freezer a good size double bedroom and stylish shower room.
For owners and their security there is an entry system and emergency pull cords. Externally there are attractive communal gardens with summer house and ample resident and visitor parking.
Entrance HallStorage heater, large storage cupboards and fitted with laminae flooring.
Lounge - 6m x 3.43m, laminate flooring with new electric heater, window overlooking the gardens.
Kitchen 2.29m x 2.36m Attractive fitted kitchen with window facing the rear of the property.
Bedroom Carpeted and window facing the rear of the property.
Bathroom 2.16m x 1.83m walk in showerroom, tiled walls, wc, heated towel rail and sink unit.
Communal Lounge
Seating area, ideal for socializing and meeting family and friends.
Outside
Well-kept communal gardens which are laid to lawn. Summerhouse for use by residents. Residents and visitor parking.
Location
In a great location within walking distance of Handforth Village, Handforth Dean and Stanley Green, convenient for transport in to Manchester City Centre, Stockport and the beautiful Cheshire Countryside, Styal Mill Country Park is a stones throw from Handforth. In recent years neighbouring Handforth Dean/Stanley Green has grown to become a thriving Business Hub offering a large variety of employment opportunities. There is the popular Wilmslow Farmers Market which is bustling with Arts, Antiques, Crafts, Food and Drink as well as a Makers Market in the neighbouring Heald Green. Locally there are many Independent and State Primary and Secondary Schools and access points to the North West Motorway network system. Manchester International Airport and some of Cheshires finest countryside are close at hand. The New Manchester Airport Relief Road is a short Drive offering access to Manchester, Hazel Grove, Poynton, Bramhall, Heald Green, Cheadle, Cheadle Hulme to name a few.
To arrange a viewing please call
About Ferndale Managed by Jones Associates
Lease - 125 years from 1995
Service charge is 234.63 monthly
Disclaimer
These particulars do not constitute or form part of an offer or contract nor may they be regarded as representations. All dimensions are approximate for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose or included in the Sale. Buyers are advised to obtain verification from their solicitors as to the tenure if the property, as well as fixtures and fittings and where the property has been extended/converted as to planning approval and building regulations. All interested parties must themselves verify their accuracy.
Council Tax Band
The council tax band for this property is B.
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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