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16, Hampshire, PO11 9BL
£350,000
Bedrooms
Bathrooms
Reception
A rare opportunity to purchase a centrally located house within West Town on Station Road just one minute walk from the local shops, restaurants and close to the beachfront. The property is in a one-of-its-kind, small select development of 14 cottage style houses on Hayling Island. The age-restricted property is within well-maintained grounds featuring a secure gate entrance system, pleasant greenery and a stunning water fountain. The property offers a great sense of security, community within beautiful grounds with an Estates Manager who overlooks the care of the grounds. Tucked away in a corner plot with a unique layout, the house offers the largest living space within the development. The house has been totally redecorated inside and out and creates a blank canvas for the next owner. Although fully carpeted, the ground floor has oak wooden flooring underneath. A secluded low maintenance landscaped garden wraps itself around two sides of the house. The ground floor consists of a large entrance hall leading into a dual aspect living room with access to a conservatory and garden. Leading on from the living room is a dining room with French doors to the garden. There is also a downstairs wet room shower and the kitchen that overlooks Fountain Square. The first floor presents two generously sized double bedrooms, both with built-in wardrobes and a single bedroom/office, large airing cupboard and boiler/storage cupboard. The fitted bathroom features a bath with overhead shower, basin, wc and towel radiator. There is a dedicated parking space. The house is Freehold. There is a ground rent of 365 PA for the shared driveway and square. There is also a management maintenance charge, currently 3000 PA, that includes all building maintenance (except windows), buildings insurance and the Estate Managers salary. This offers a stress free life. These are updated to current values. The square is an age-restricted development of 55 years and over.
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.
16, Hampshire, PO11 9BL
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