Union Terrace, Barnstaple, EX32 9AB

1 /10
Available / For Sale

Spacious ground floor apartment

£210,000 Guide Price

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

Situated in a desirable and mature development, this generously proportioned ground floor apartment offers comfortable living with direct views over the scenic Rock Park. The well-presented accommodation comprises an entrance lobby, a cloakroom, a bright and spacious lounge, and a kitchen/breakfast room fitted with a range of units and integrated appliances. A conservatory adds further versatile living space and enjoys outlooks over the private enclosed courtyard. A rear hallway leads to two well-proportioned bedrooms and a modern bathroom. Externally, the property benefits from its own enclosed courtyard and a private garage located to the rear of the building. To the front, residents can enjoy attractively maintained communal gardens, providing a tranquil setting in this sought-after location.

Offered with no onward chain, this property presents an ideal opportunity for downsizers, professionals, or those seeking a peaceful yet convenient lifestyle.




Property additional info

Communal Entrance:
Front door off, communal staircase to 1st floor.

Private Entrance Lobby:
Front door off

Cloakroom:
Under stair storage cupboard, wash hand basin, low-level WC, radiator.

Lounge: 5.15m x 4.96m (16' 11" x 16' 3")
Full height window overlooking the garden, feature fire surround with fitted living flame coal effect gas fire, one double and one single radiator.

Kitchen/Breakfast Room: 4.09m x 3.98m (13' 5" x 13' 1")
Inset single drainer sink unit with mixer tap, adjoining working surface with space below and plumbing for washing machine and dishwasher. Inset gas hob and built-in Zanussi oven, drawers and cupboards below. Pull out shelved larder unit, integrated fridge/freezer, range of wall units, radiator, entry phone, opening French doors to;

Conservatory: 2.74m x 2.09m (9' x 6' 10")
Sliding double-glazed patio doors to rear, wall mounted Ideal Logic gas boiler feeding, hot water and central heating system radiator, door to

Rear hallway:
Two built-in storage cupboards, a shelved airing cupboard with heater, mirror fronted sliding door double wardrobes, walk in storage cupboard.

Bedroom 1: 3.58m x 2.97m (11' 9" x 9' 9")
A double aspect room, double radiator.

Bedroom 2: 3.02m x 2.44m (9' 11" x 8' )
Radiator.

Bathroom:
A white suite with fully tiled walls, this room comprises a bath with a separate shower unit and folding glazed shower screen, pedestal handbasin with mixer tap, low level W.C, radiator, and ceramic tiled floor.

Outside:
There is a private paved enclosed rear courtyard. A lockable gate provides access to the rear service lane, beyond that is the lock up garage, situated in a block of six. To the front of the building is a pleasant, sunny, well tended communal garden.

Tenure:
The flat is being sold with the balance of a 999 year lease granted on 31 march 1988. Groud rent is 10.00 per annum, due for payment on 10th April each year. Service charge for the year 1st November 2024 to 31st October 2025 is 3,575.80 (297.98 per month). For the year 1st November 2023 to 31st October 2024, it was 2,220.00 (185.00 per month. The increase was due, in part, to the expense of repairs and maintenance. The service charge covers building insurance, communal utilities, repairs & maintenance, cleaning of internal & external communal areas, gardening and green waste collection, sinking fund contribution and accounting & managing agent fees. We hold a copy lease and service charge statements for 2023/2024 and 2024/2025 at the office for inspection by prospective purchasers or their legal advisors.

Services:
Mains water, electricity, gas and drainage connected.

EPC:
Band C

Council Tax:
Band B - Please note council tax bandings can be reassessed after a change of ownership, for further information please contact the local authority.

Viewings:
By appointment through Woolliams Property Services. Telephone: Office Hours 01271 328586 Out of Office Hours: 07977 269098 Email: [email protected] or www.woolliamspropertyservices.com

Useful Information:
To find out further useful information on this property such as bin collection days, whether this is a conservation area, planning history etc why not check the North Devon Council website: www.northdevon.gov.uk/my-neighbourhood

Nearest Stations:

0.39 miles
Barnstaple
4.29 miles
Chapelton
6.28 miles
Umberleigh
9.36 miles
Portsmouth Arms
11.62 miles
King's Nympton

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

£ 165450

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
    £ 5250
  • 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

£ 7950
  • 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

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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