For sale, with NO CHAIN, is this spacious and bright two double bedroom ground floor apartment located approx. 500m from Lowestoft Train Station and close to Blue Flag award winning beaches.
The communal gardens are a delight to enjoy and the apartment comes with allocated parking just metres from the front door.
Located on the ground floor, the apartment door, from the communal hallway, brings you in to a welcoming hall which gives access to all rooms. The hallway also boasts two large storage cupboards.
The lounge (3.10m x 5.65m) is a decent sized room that benefits from a large bay window. It also provides access to the fully fitted kitchen.
The kitchen (2.05m x 3.30m) hosts a range of wall and base units with worksurfaces over, an electric oven and hob and includes space for a fridge-freezer and space for a washing machine.
Both double bedrooms are of a good size - 3.20m x 3.90m and 3.90m x 3.12m and both have double glazed windows. The three piece bathroom (2.18m x 1.96m) has an integrated shower.
Gas Central Heating
EPC Rating: C (71)
Council Tax Band: B (£1570pa)
No Ground Rent
Service Charge: £500.00 per year.
999 year lease from 29 September 1991 (957 years remaining)
Available NOW. To book a viewing please call James Leigh Property Management
Tenure : Leasehold
Council Tax Band : B
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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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