£215,000
Apartment
Share Property
Features
2
Bedrooms
1
Bathrooms
1
Receptions
1
Parking
Summary
Apartment
Type
Leasehold
Tenure
Qualified
Qualification
-
Approx Size m2/ft2
Ground floor two bedroom apartment with excellent investment potential
Well-proportioned two-bedroom ground floor apartment, situated in a convenient location close to Five Oaks. The property is leasehold with 52 years remaining and is therefore only suitable for cash purchasers.
The accommodation includes a generous size living room, separate modern kitchen, two spacious double bedrooms (one with fitted wardrobes) and a fully tiled bathroom. A parking permit for one vehicle is provided, with further public parking close by for convenience.
With an anticipated return in the region of 8–9%, this apartment represents a strong investment prospect in a convenient location.
Living
Spacious living room with built in storage. Good size modern fitted kitchen.
Sleeping
Two double bedrooms, one with fitted wardrobes.
Modern fully tiled bathroom.
Outside
Parking permit for one car, plus public carpark nearby.
Services
Service charge approx £40 per month. Ground rent £200 per year.
52 years left on lease - cash buyers only - property not mortgageable.
Rental potential
Strong return of 8-9% when let out.
Map
Mortgage Calculator
£
35 yrs
60% 2 year tracker - 4.95%
With a 40% deposit of £86,000 on a property valued at £215,000 your monthly payments would be£646.94
Stamp Duty
Calculated on the property value of £215,000 the total stamp duty would be £2,725 or £0 for first time buyers
Subject to £80 registration fee and £20 Jurat's fee where applicable.
Subject to £80 registration fee and £20 Jurat's fee where applicable.
