4 bedroom flat for sale

£215,000 OIRO

4

Bedrooms

2

Bathrooms

2

Reception

Floorplan

We are delighted to present these two bedroom flats located in seaside town Aberystwyth. This property is in the town centre and consists of a ground floor flat, which presents easy access, and a second flat on the first floor. With the first flat having recent decorations, it displays a modern appearance as well as having a small yard area to the rear. Whereas the second flat has more authentic dcor, spread across two storeys. This is the perfect opportunity for an investor as a buy to let property. Give our sales team a call on 01970 627350 for more information and discuss your options further!



Property additional info

Communal Entrance Way:
Description: Enter front door into small communal hall way with door to left leading into Flat 1 and door in front leading to Flat 2.

Living Room: 4.53 x 2.90
Description: Living room has two wood sash single glazed windows, electric storage heaters, fireplace surround. Size Mixed: 4.53 x 2.90 (14'10" x 9'6")

Stairs and Landing:
Description: Stairs leading to second floor landing with doors leading to a bathroom, bedroom 1 and bedroom 2.

Bathroom: 2.70 x 1.72
Description: Bathroom has a low level flush WC, wash hand basin, electric shower, double glazed Velux window sky light. Size Mixed: 2.70 x 1.72 (8'10" x 5'7")

Bedroom 1: 2.43 x 3.83
Description: Bedroom one has a double glazed Velux window and electric heater. Size Mixed: 2.43 x 3.83 (7'11" x 12'6")

Bedroom 2: 1.80 x 2.88
Description: Bedroom two has double glazed Velux window and electric heater. Size Mixed: 1.80 x 2.88 (5'10" x 9'5")

Living Area: 3.33 x 4.20
Description: Flat 1 entrance door leads into the living room which consists of a single paned wood sash window to front elevation, an electric storage heater, fire place surround, built in cupboards. To the back left of the living area is the kitchen area and to the back right is a hallway leading to the bedrooms and shower room. Size Mixed: 3.33 x 4.20 (10'11" x 13'9")

Kitchen Area: 2.31 x 2.08
Description: The kitchen is a modern fitted kitchen and has a range of base and eye level units, a free standing cooker with an extractor fan, under-counter fridge and under-counter freezer, stainless steel one and a half bowl and drainer sink, tiled splash back, single glazed wood sash windows to rear elevation, and wood effect lino floor. Size Mixed: 2.31 x 2.08 (7'6" x 6'9")

Hallway:
Description: The hallway leads to bedroom one through first doorway on the right, bathroom through second doorway on the right and bedroom two to the through door at the end. Hot water tank is in cupboard to the left along with another door to the left which leads to small outside yard area.

Bedroom 1: 4.15 x 2.80
Description: The doorway leads to stairs down to the first bedroom which consists of a single glazed wood framed window, an electric storage heater and built in cupboards. Size Mixed: 4.15 x 2.80 (13'7" x 9'2")

Bathroom: 1.45 x 2.42
Description: The bathroom has a low level flush WC, wash hand basin with tiled splash back, extractor fan, electric shower and wood effect lino Size Mixed: 1.45 x 2.42 (4'9" x 7'11")

Bedroom 2: 3.05 x 2.47
Description: Bedroom 2 consists of double glazed uPVC window to side elevation, electric radiator and a Velux sky light window. Size Mixed: 3.05 x 2.47 (10'0" x 8'1")

Entrance Way for Flat 2:
Description: Flat 2 entrance door leads to a flight of stairs which leads to a landing which consists of door to right for the kitchen/dining area, living room through door in front and a second flight of stairs on the left.

Kitchen: 3.36 x 3.33
Description: The kitchen has a modern fitted kitchen with a range of base and eye level units with a free standing cooker, extractor fan, stainless steel single bowl and drainer sink, tiled splash back, single glazed wood sash window, wood effect lino floor, free standing fridge freezer and electric storage heaters. Size Mixed: 3.36 x 3.33 (11'0" x 10'11")

Nearest Stations:

0.08 miles
Aberystwyth
5.49 miles
Borth
9.04 miles
Aberdovey
9.31 miles
Penhelig
11.85 miles
Tywyn

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

£ 169325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 5375
  • 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

£ 8075
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message