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£90,000 OIRO
Bedrooms
Bathrooms
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Stylish 2-Bedroom Apartment in Sought-After Etruria Location
Situated on the ever-popular Penstock Drive in Etruria, this modern two-bedroom apartment offers a perfect blend of comfort, convenience, and contemporary living. Ideally placed for easy access to Stoke-on-Trent city centre, Festival Park retail and leisure complex, and excellent transport links via the A500 and M6, this property is perfect for professionals, first-time buyers, or investors.
The accommodation comprises a bright and spacious open-plan lounge/dining area, a modern fitted kitchen with integrated appliances, two well-proportioned bedrooms, and a stylish bathroom suite. The property benefits from allocated parking and well-maintained communal areas, creating a welcoming and secure environment.
Key Features:
Modern 2-bedroom apartment in a prime location
Bright open-plan living space
Fitted kitchen with integrated appliances
Stylish bathroom
Allocated parking
Excellent transport links and local amenities
Whether youre looking for a comfortable home or a smart investment opportunity, this apartment on Penstock Drive is a must-view.
Council Tax Band: B
Tenure: Leasehold (231 years)
Map location is not available for this property.
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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