***OVER 55's***
GROUND FLOOR TWO BEDROOM RETIREMENT APARTMENT SITUATED ON A QUIET LOCATION!!
TRADING PLACES are pleased to present this flat which is conveniently located to all local amenities, Stretford Shopping Mall with new food hall and Urmston Town Centre, with an array of cafes and shops and easily accessible on a reliable bus route. This well-presented two bedroom flat briefly comprising: - Entrance Hall with stairs leading to the spacious lounge, fitted kitchen, Master bedroom and second bedroom (currently used as a dining room) and a bathroom. The property is double glazed and warmed by gas central heating.
Communal gardens and car parking.
Entrance hall 5.58m x 2.38m
Front door opening to a light and airy hallway with storage cupboard and single panel radiator.
Lounge 4.1m x 3.5m
Double glazed square bay window to rear elevation. Feature fireplace. TV Point, Ceiling coving. Double panel radiator. Open to: -
Kitchen 3.89m x 1.65m
Double glazed window to rear elevation. Fitted with a range of wall and base units with contrasting worktops. Space for gas cooker, undercounter fridge/freezer and plumbed for washing machine. Single drainer stainless steel sink unit. Wall mounted boiler and extractor fan. Double panel radiator. Lino flooring.
Bedroom One 4.1m x 3.9m
Two double glazed windows to front and side elevation. Double panel radiator. Carpet.
Bathroom 1.8m x 1.65m
Double glazed frosted window. White bathroom suite comprising: - panel bath, pedestal wash hand basin and WC. Double panel radiator. Carpet
Bedroom Two 3.24m x 2.41m Currently used as a Dining Room
Double glazed window to front elevation. Single panel radiator. Carpet.
Externally: - Parking available and communal garden.
Tenure : Leasehold
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 |
Firstly, let’s begin with a few details about you
