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23 Victoria Road East, Thornton Cleveleys
£675,000
Bedrooms
Bathrooms
An exciting opportunity to purchase the whole block of three self-contained purpose built apartments and the freehold on the picturesque sea front Esplanade in Knott End.
Set across three floors, this handsome seafront building includes one ground floor apartment with private entrance and garden, and two further apartments above, accessed via a separate communal entrance.
A spacious and bright apartment with front-facing lounge and captivating views across the bay. Currently owner-occupied, this apartment would make an ideal full-time residence or another potential rental.
Generous lounge withgas fireplace
Panoramic sea views from the bay window
Open-plan kitchen diner with wall and base units, gas hob, integrated oven, integrated fridge freezer, plumbed for washer and dishwasher
Two double bedrooms overlooking the rear
Four-piece bathroom suite with bath, separate rainfall shower, vanity unit, WC, towel radiator, and tiled walls
With the same spectacular front-facing sea views, Apartment 3 mirrors the layout of Apartment 2 and is also run as a successful Airbnb.
Lounge with bay window, electric fireplace, and decorative coving
Kitchen diner with fitted units, gas hob, electric oven, space for fridge freezer, plumbed for washer and dishwasher
Two rear-facing double bedrooms, one with mirrored fitted wardrobes
Four-piece bathroom suite with bath, shower, vanity unit, WC, towel radiator, and tiled walls
With two apartments already in operation as income-generating holiday lets, this property offers a rare, ready-to-go investment opportunity in a prime coastal position. Continue with Airbnb, convert to long-term tenancies, or occupy one and let the others the flexibility is unmatched. The building also benefits from fourcar parking spaces, a valuable asset in this seafront location.
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.
23 Victoria Road East, Thornton Cleveleys
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