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75/77 Lowfield Street, Dartford, DA1 1HP
£125,000 Guide Price
Bathrooms
Reception
Situated on Burch Road in Gravesend, this ground floor studio flat presents a practical living space with a lounge and bedroom area. The property includes one bathroom and a well-appointed kitchen. The kitchen is designed with functionality in mind, offering ample counter space and storage, making it suitable for everyday cooking needs.
The flat benefits from gas central heating, ensuring warmth and comfort throughout the year. The bathroom is fitted with a modern suite, including a bath with an overhead shower, a washbasin, and a toilet.
With a guide price of 125,000 to 140,000, this property is an attractive option for those looking to invest or reside in a convenient location. The flat is offered with no forward chain, simplifying the purchasing process for potential buyers. Additionally, the property comes with a long lease, providing peace of mind for long-term ownership.
Ample on-road parking is available, adding to the convenience for residents with vehicles. The location is ideal for commuters, with Gravesend Town Centre and Train Station within easy reach, offering excellent transport links to London and surrounding areas.
The property holds an Energy Efficiency Rating of D, with a potential to improve to C, indicating moderate energy costs and room for efficiency enhancements. This rating reflects the propertys current energy performance and potential improvements.
Overall, this studio flat offers a practical and well-located living space, suitable for individuals or couples seeking proximity to local amenities and transport links in Gravesend.
Remaining Lease: 152 years
Annual Service Charge: 1573.00
Ground Rent: Nil
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.
75/77 Lowfield Street, Dartford, DA1 1HP
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