£695,000 Apartment
SOLE AGENT
St. John

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Features

2 Bedrooms
1 Bathrooms
1 Receptions
2 Parking
Sea Views Balcony Private Access Double Glazing Open Plan

Summary

Apartment Type
Flying Freehold Tenure
Qualified Qualification
- Approx Size m2/ft2

Positioned to take full advantage of its elevated coastal setting, this unique apartment presents a rare opportunity to acquire a blank-canvas coastal home with exceptional views across Bonne Nuit Bay and coastline.

The property has been fully stripped back in preparation for refurbishment, with approved plans in place to create a stunning open-plan living space. Newly fitted floor-to-ceiling glazing and folding doors, installed mid-February, now span the width of the property and open directly onto a private wrap-around balcony, offering uninterrupted sea and coastal views and seamless indoor-outdoor living.

The apartment benefits from a private entrance and exclusive ownership of the main hallway, providing a level of privacy more commonly associated with a house than an apartment. The entrance porch offers flexibility for use as a home office or additional storage, with a spiral staircase leading up to the main living accommodation.

While alternative layouts have been explored, no additional bedrooms will be constructed prior to sale, allowing an incoming purchaser complete freedom to design and complete the space to their own specification. Planning approval is already in place, with updated by-law documentation currently being finalised.

The property forms part of an association, with buildings insurance and mains water covered. There are no ongoing fixed maintenance charges, with costs handled on an ad-hoc basis. Electricity and other services are connected to mains.

Parking is a further advantage, with two of the closest parking spaces to the front door included.

For investors, once the refurbishment works are completed, the apartment is expected to achieve a rental value in the region of £3,000 per month, with potential for more, subject to final specification and market conditions.

The apartment is offered as it stands, providing a rare opportunity to secure a prime coastal position and add value through completion works. The owner is open to a short marketing period to assess buyer interest prior to commencing works in April.

Please note the current plans/set up are featured in the bullet points, the bathroom is already in place.

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Mortgage Calculator

£
35 yrs
60% 2 year tracker - 4.45%
With a 40% deposit of £278,000 on a property valued at £695,000 your monthly payments would be£1,960.59

Stamp Duty

Calculated on the property value of £695,000 the total stamp duty would be £13,850 or £13,425 for first time buyers
Subject to £80 registration fee and £20 Jurat's fee where applicable.

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