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294 Heathway, RM10 8LU
£200,000 OIRO
Bedrooms
Bathrooms
Reception
We are delighted to present this neutrally decorated flat for sale, ideally suited for first-time buyers, investors, or small families. It is an inviting property with unique features, including a private garden and the advantage of being chain-free.
The flat consists of one double bedroom, a good-sized reception room, a kitchen, and a bathroom. The well-proportioned bedroom is complemented by ample natural light and comfortable living space. The bathroom is partially tiled and complete with a bath, a radiator, a low-level WC, and a wash hand basin.
The kitchen is a highlight of the property, offering a dining space, and/or a breakfast area. It boasts a generous amount of natural light and provides direct access to the garden, perfect for those who enjoy outdoor dining or BBQs. The separate reception room is spacious and airy, thanks to the large windows that let in an abundance of light.
With an EPC rating of C, this property is energy efficient and environmentally friendly. The flat is situated in a convenient location, with public transport links, local amenities, and schools nearby. Not to forget, the nearby parks add an extra appeal for those who enjoy outdoor activities.
Overall, this property offers a unique blend of comfortable living spaces, practical features, and an excellent location. Its a fantastic opportunity for those looking to step onto the property ladder or for investors seeking a valuable addition to their portfolio.
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.
294 Heathway, RM10 8LU
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