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£230,000
Bedrooms
Modern & Spacious Two-Bedroom Ground Floor Apartment with Parking - Central Chelmsford
Located in the heart of Chelmsford city centre, this stylish and generously proportioned two-bedroom, one-bathroom ground floor apartment is ideal for commuters, first-time buyers, or investors alike.
Accessed via a secure video-entry system and well-maintained communal areas, the property offers a bright and modern interior comprising:
'A spacious open-plan living room with a contemporary kitchen and breakfast bar
'Two well-sized bedrooms
'A sleek and modern bathroom
Additional benefits include:
'Allocated parking space
'EWS1 form in place
'Lift access to all floors
'Internal CCTV in communal areas
'Part-time concierge service
Perfectly positioned just 0.7 miles from Chelmsford city centre, residents can enjoy a wealth of local shops, restaurants, and amenities. The apartment is also conveniently located 0.7 miles from Chelmsford mainline railway station, offering excellent connections to London and beyond.
A superb opportunity not to be missed-early viewing is highly recommended.
LOCATION:
Chelmsford city centre offers a thriving nightlife with a selection of bars and a wide selection of places to eat from independent family restaurants to well-known chain restaurants serving cuisines from around the world, Chelmsford features a comprehensive range of shopping facilities with its pedestrianised High Street, shopping precincts and hugely popular Bond Street with John Lewis store.
Chelmsford is extremely popular with leisure enthusiasts with a selection of sports clubs at the local Chelmer Park, a selection gyms incl. Riverside Ice & Leisure, the nearby Central Park, Oaklands Park & Hylands Park provide pleasant open spaces.
Chelmsford is renowned for its educational excellence and alongside the local schools situated within close proximity, it offers two of the countrys top performing grammar schools, Writtle agricultural college and Anglian Ruskin University.
Chelmsfords mainline station is accessible within 0.7 of a mile from Parkway House via a pleasant walk-through part of river walk or Chelmsford High Street and provides a direct service to London Liverpool St with a journey time as fast as 38 minutes.
Council Tax Band: C (Chelmsford City Council)
Tenure: Leasehold (118 years)
Ground Rent: 250 per year
Service Charge: 1,600 per year
Parking options: Off Street, Residents
Electricity supply: Mains
Heating: Electric
Water supply: Mains
Sewerage: Mains
Accessibility measures: Lift access
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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