Stylish one bedroom marina apartment for sale

£93,000

1

Bedrooms

1

Bathrooms

1

Reception

Floorplan

Experience waterfront living at its finest with this one fine bedroom apartment located in the highly popular area overlooking Hull Marina. The property benefits from private parking giving you peace of mind and easy access to your home, contemporary furnishings, and breathtaking marina views. A unique opportunity for luxury living in the heart of the city at a price to suit most budgets.

The apartment is ideally located on the fourth floor of the Warehouse 13 building. A communal entrance opens to a lobby with a staircase and a lift to all floors.

The private entrance opens to an entrance hall with a deep stoarge cupboard and a bathroom with a full suite including an electric shower over the bath. The double bedroom has a window looking over the marina and beneftis from a built in wardrobe. At the end of the hallway a super lounge opening through French doors to a Juliette balcony. The lounge connects directly with a fitted kitchen complete with an integrated oven and hob and other appliances.

Adding character to the living room, an exposed black beam and column, lends an air of character and charm. The east-facing Juliette balcony beckons you to enjoy the marina and watch the sun rise.

Positioned on the marina, this apartment places you at the heart of a thriving waterfront community and only a short walk away from the City Centre of Hull. Enjoy leisurely strolls along the marina and savor waterside dining - all within easy reach. Enjoy evenings out down the vibrant Humber Street at only a stones throw away.

Contact us today to book a viewing!


Other points of note:

  • The annual service charge: 3087.12
  • Length of lease remaining : 87 years
  • Annual payment due to the freeholder (ground rent) 0
  • Council Tax band B



Nearest Stations:

0.41 miles
Hull
2.74 miles
New Holland
3.65 miles
Barrow Haven
3.99 miles
Cottingham
4.35 miles
Goxhill

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 74775

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 2325
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 5025
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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