Offered for sale with NO CHAIN is this HUGE, TWO DOUBLE BEDROOM apartment in The Wave, Market Avenue, Wickford. At nearly 100 square metres in area the apartemnt does offer excellent living space (38.54sq.m lounge).
Located in the centre of the town and close to Wickford train station - with it's direct rail links to London Liverpool Street - this second floor apartment (with lift access) features two large double bedrooms - both with built in storage/wardrobes, a truly enormous lounge/diner (20' 9" x 19' 11"), a separate fully fitted kitchen, lift access and a designated parking space.
PROPERTY DETAILS
Lounge/Diner (20'9 x 19'11)
Kitchen (7'3 x 10'3)
Bathroom (7'3 x 7'2)
Bedroom 1 (12'3 x 17'2)
Bedroom 2 (7'5 x 17'2)
EPC RATING: C
COUNCIL TAX BAND: C
LEASE DETAILS
Lease start date: 2008
No. of years left: 110
Service Charge: £2400.00 pa
Ground Rent: £200.00 pa
Investment opportunity as a buy-to-let - expected rent circa £1250.00 per calendar month.
Viewing is a must to appreciate the size of the apartment as it is genuinly HUGE!!
Please contact James Leigh Property Management to arrange a viewing.
Tenure : Leasehold
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Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
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