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£260,000
Bedrooms
Bathrooms
''' SUPERB THIRD FLOOR APARTMENT WITH FRONT AND REAR BALCONIES, ALLOCATED CAR PORT AND TWO DOUBLE BEDROOMS '''
Located just a half a mile from Redhill train station, this well presented third floor apartment has far reaching views, both front and rear.
Through the front door there is a generous entrance hall, with a south facing window, and a large store cupboard with plumbing for a washing machine. You have two double bedrooms, both of which benefit from fitted wardrobes, and an en-suite shower to the main bedroom. There is a good size family bathroom with a double glazed window. The living space is a bright, dual aspect living/dining/kitchen, with balconies both front and rear offering great views.
The property operates on a communal biomass heating and hot water system, with its own heat exchanger unit within the apartment. The running cost of your heating and hot water is included in the monthly service charge that you pay.
Outside the property there is allocated car port for one car, plus a number of visitor spaces. The development has a number of communal green spaces, including childrens play areas and a wooded area with a lake and water feature. In addition, there is a convenience store at the entrance to the development, perfect for all those everyday items.
Redhill town centre offers a wide range of shops and amenities, including a 24 hour gym, Sainsburys superstore, multi screen cinema and leisure complex, weekly local market and direct train service to central London.
Room Dimensions: -
Entrance Hall - 4.14m x 2.90m(max) (137 x 96(max)) -
Lounge/Dining/Kitchen - 6.10m x 3.73m (200 x 123) -
Bedroom One - 3.61m x 3.38m (1110 x 111) -
Ensuite Shower Room - 1.73m x 1.68m (58 x 56) -
Bedroom Two - 3.58m x 2.84m (119 x 94) -
Bathroom - 2.39m x 1.73m (710 x 58) -
Biomass Heating System -
Double Glazed Windows -
1 X Allocated Car Port Space -
Years Remaining On Lease: 132 -
Ground Rent: 250 Per Annum -
Service Charges: 6,400 Per Annum -
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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