3 bedroom apartment for sale

£625,000 Offers over

3

Bedrooms

1

Bathrooms

Floorplan

63 East Claremont Street is a three bedroom Main Door Lower Ground Garden Flat which forms part of a handsome Georgian building on the eastern fringe of Edinburghs highly desirable New Town. It has been meticulously maintained and tastefully upgraded by its present owner and boasts flexible accommodation of considerable character, with the rare and added benefit of an enclosed private rear garden and adjacent private parking space.

The property is accessed via a private front patio/courtyard with the accommodation comprising - entrance vestibule; reception hall with generous storage and large boxroom off; spacious sitting/dining room; quality fitted kitchen; double bedrooms 1 and 2 located at the front, a study or third bedroom to the rear; shower room.

Gardens

The property benefits from a paved private courtyard area to the front, with three under-pavement cellars offering an excellent volume of storage space. To the rear, and accessed either off the sitting room or from the kitchen, there is a terraced private rear garden, with a paved patio, an area of lawn and mature and well-stocked beds providing colour and texture.

Parking

There is an allocated parking space located adjacent to the private rear garden. Zoned permit parking is also available on East Claremont Street itself.

Schools

The property is in the catchment area of the highly regarded Broughton Primary School and Drummond Community High School. St. Marys RC Primary School is also located nearby.

Fixtures and Fittings

All fitted floor coverings, curtains, blinds and light fittings are included in the sale price, as are the integrated kitchen appliances.

Services

The property benefits from gas central heating.

Viewing

Initially via the 360 Virtual Tour, physical viewings by appointment only with Truscott property.

Tenure Freehold

Council Tax Band E



Features
  • Freehold

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

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 15625
  • 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

£ 49575
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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