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£265,000
Bedrooms
Bathrooms
A nicely presented, substantial 3 Bedroom First Floor Apartment forming part of this impressive former Hotel.
Features Include:-
' Sash Windows
' Gas Central Heating to Radiators
' Impressive Lounge with High ceilings
' Kitchen with Built-In Appliances
' Shower Room
' En-Suite Bathroom to Principle Bedroom
' Stair Lift to Upper Floor
' Allocated & Visitor Parking
' Communal Gardens
Accommodation see floorplan
Flat 4, being First Floor forms part of this imposing, attractive former Hotel, comprising of only 5 Apartments over three floors with each flat owner owning a fifth share of the freehold. This Apartment needs to be viewed to appreciate the generous living accommodation on offer as well as the high ceilings giving the Apartment a touch of elegance.
Solid door from the First Floor Communal Landing leads into Flat 4 and the split level Entrance Hall.
The Impressive Lounge/Dining Room has a particularly high ceiling and 2 large picture windows.
The Kitchen offers a range of modern base and wall units providing cupboard and drawer storage and offers double aspect windows. There is a 1 1/2 bowl single drainer sink, built-in appliances include the electric oven and grill, 4 ring gas hob with cooker hood above, integral fridge and freezer with matching doors. Plumbing for washing machine and dishwasher. One wall unit screens the gas boiler.
There are 3 Double Bedrooms with the Principal Bedroom Suite offers a range of built-in wardrobes and a storage cupboard, double aspect windows provide ample natural light and the FULLY TILED EN-SUITE BATHROOM comprises a panelled bath with fitted shower above same, pedestal wash hand basin and low level WC.
The remaining Bedrooms are served by the Fully Tiled Shower Room with a mosaic tiled walk-in shower with glass screen, hand held shower attachment and rainfall shower head. There is a wall mounted wash hand basin and low level WC.
Adjacent to the parking area is the Communal Garden which is laid to lawn with an established tree and bin storage area adjacent.
Service Charge:-
Year End 30th Sept 2024 1,069.93 to include buildings insurance.
Year-end 30th Sept 2025- 1,046.92
Lease Length: 999 Years from January 2003 ( 977 Years Remaining)
No ground rent fees applicable
Each flat owners owns a 1/5 share of the Freehold
Blandford Forum is a Georgian market town with
shopping, commercial, sporting and travel facilities.There is a bus service to the larger towns of Poole, 12 miles, Bournemouth, 20 miles and Salisbury with main line station,22 miles.
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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