2 bedroom apartment for sale

£350,000

2

Bedrooms

1

Bathrooms

Floorplan

Stunning Two-Bedroom Apartment in the Desirable Bathwick Estate

This modern, purpose-built two-bedroom apartment is situated on the second floor of a well-maintained development in the sought-after Bathwick Estate, just a short, level walk from the Georgian city centre. Immaculately presented and recently refurbished by the current owner, this light and bright apartment offers lovely far-reaching views to both the front and rear.

The accommodation comprises a spacious open-plan kitchen, dining, and sitting area that opens onto a south-east facing balconyideal for enjoying the views and natural light. There are two good-sized double bedrooms, along with a contemporary-styled shower room.

Outside, residents can enjoy beautifully maintained communal gardens, and the property also benefits from the added convenience of a garage.

A fantastic opportunity to acquire a stylish, well-located apartment in one of Baths most desirable areas.

Tenure: Leasehold with a share of Freehold
Service Charge Annual :1040
Ground rent 0
EPC Rating C (73)
Council tax Band C

Lobby - The small entrance lobby has a rack for coats and a cupboard housing the meter.

Open Plan Sitting/Living Area - 10.36 x 2.83 (3311' x 93') - Thie lobby leads into the main living area. The fully fitted kitchen has a generous amount of storage, with one and a half bowl sink, Neff integrated appliances including an electric oven, ceramic hob and extractor fan, fridge/freezer and slimline dishwasher. The flooring is polished wood. The sitting area has a large picture window with French window leading out to a sunny balcony, a perfect for relaxing.

Hall - 2.82 x 1.11 (93' x 37') - This has a radiator and cupboard with the boiler with immersion heater. There is also access to the roof. (storage??)

Shower Room - 2.33 x 1.85 (77' x 60') - Contemporary styled with a generous walk in shower, WC, basin with vanity unit, electric towel rail and light with mirror.

Bedroom - 3.84 x 3.08 (127' x 101') - With built in wardrobes, radiator and pleasant views to the south east

Bedroom - 3.47 x 3.09 (114' x 101') - With radiator and pleasant views to the north west

Location - Level walk to the city centre of Bath along the iconic Great Pulteney Street.
The well-regarded Bathwick St Marys Primary School is a 0.3 miles walk.
Local shops and amenities can be found on Bathwick Street with Sydney Gardens, Holbourne Museum, childrens play area and tennis courts a short walk away. Nearby xccess to the canal towpath and Bath Boating Station. The recently restored Cleveland Pools (outdoor swimming) also close at hand.

Good commuting links with Bath Spa station providing trains to Bristol (15 mins), London Paddington (1 hr 10 mins). There is also easy access along the London Road to the A36 and M4 motorway link at Tormarton.

Further Information - Tenure: Leasehold Share of freehold
Service Charge Approx. 1,040 pa
Council Tax Band C
No ground rent
Electric central heating

Viewing Arrangments - Strictly via the sole agents;

The Apartment Company
4 Queen Street
Bath
BA1 1HE



Features
  • Freehold

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Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 291450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8750
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 28950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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