Beautiful 2 double bed flat

£350,000 Offers in excess of

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

Talbies are delighted to offer this beautifully presented two double bedroom first floor apartment, located within the highly sought-after Napsbury Park development in St Albans.

This well-maintained home boasts a spacious and bright layout, perfectly suited for modern living. Upon entering, you are welcomed by a generous entrance hall leading to a large lounge/dining area with a Juliette balcony, a separate fully fitted kitchen, a sizeable bathroom, and two well-proportioned double bedrooms.

Set within the picturesque and tranquil surroundings of Napsbury Park, the property benefits from beautifully landscaped communal grounds, offering expansive green spaces ideal for walking, relaxing, and enjoying nature. This unique setting blends historical charm with modern convenience, providing a peaceful retreat just moments from local amenities and transport links.

This is a fantastic opportunity to secure a stylish home in one of the areas most desirable developments.

Lease - 125 years from 2004

Service Charge / Ground - Approx. 1,515pa

Accommodation comprises:

Entrance Hall
Spacious entrance hallway with two built-in storage cupboards, one of which houses the Mega-Flo hot water tank.

Lounge 186" x 146" (5.64m x 4.42m)
Bright and airy reception room featuring a Juliette balcony that allows for plenty of natural light.

Kitchen 123" x 711" (3.73m x 2.41m)
Well-appointed kitchen fitted with a range of wall and base units, integrated oven, hob and extractor hood. Plumbing is in place for both a washing machine and dishwasher. Additional features include a composite sink with mixer tap, partially tiled splashbacks, and a wall-mounted Vaillant boiler.

Bedroom 1 123" x 88" (3.73m x 2.64m)
Comfortable double bedroom with ample space for furnishings.

Bedroom 2 123" x 116" (3.73m x 3.51m)
Generously sized second double bedroom, ideal as a main bedroom or guest room.

Bathroom 710" x 710" (2.39m x 2.39m)
Modern white bathroom suite with mixer taps and shower attachment, partially tiled walls, wash hand basin with storage below, low-level WC, and an additional built-in cupboard.




Disclaimer

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Talbies Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property

Nearest Stations:

1.36 miles
Park Street
1.61 miles
How Wood (Hertfordshire)
1.97 miles
St.Albans City
2.02 miles
St.Albans Abbey
2.53 miles
Bricket Wood

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

£ 291450

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
    £ 8750
  • 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

£ 28950
  • 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

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