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£250,000
Bedrooms
Bathrooms
''' BRIGHT, TOP FLOOR APARTMENT IN A GATED CUL DE SAC WITHIN ROYAL EARLSWOOD PARK '''
Located on the south side of Redhill, within a short walk of Earlswood train station, this chain free apartment is situated within the prestigious Royal Earlswood Park, which has 21 acres of pristine grounds, as well as gym and swimming pool for the use of residents only.
Through the front door there is an L-shaped hallway, with two, built in storage cupboards. You have a lounge/dining room and a separate kitchen, both of which overlook part of the grounds and the woods. Both bedrooms are doubles and have fitted wardrobes, the principal bedroom has an en-suite shower room, and there is a bathroom also.
Outside there is an allocated parking space as well as visitor parking. Victoria Court, which is the main building within the development, houses the residents gym and swimming pool, and is a short walk from Talfourd Way.
Earlswood station is less than half a mile from the apartment, and offers direct trains to central London, as well as connections to Gatwick. In addition, there is a local shops with a post office, a pub and a restaurant all right next to the station.
Room Dimensions: -
Entrance Hall - 3.35m x 2.95m (110 x 98) -
Lounge/Dining Room - 5.51m x 3.15m (181 x 104) -
Kitchen - 2.62m x 1.78m (87 x 510) -
Bedroom One - 5.03m x 3.66m (166 x 120) -
Ensuite Shower Room - 1.63m x 1.50m (54 x 411) -
Bedroom Two - 3.45m x 3.12m (114 x 103) -
Bathroom - 2.21m x 1.78m (73 x 510) -
Gas Central Heating -
Wood Double Glazed Windows -
Off Road Parking For One Car + Visitor Spaces -
Extensive Communal Grounds -
Use Of Gym And Swimming Pool -
Years Remaining On Lease: 103 -
Ground Rent: 150 Per Annum -
Service Charges: Circa 3,400 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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