Merrivale Court, Southbourne, Emsworth PO10 8LL
We are so pleased to have the opportunity to market is modern 2-bedroom retirement flat which is in a sought-after development in Southbourne. The property is also offered to the market with No Onward Chain to help buyers that would need to move quickly!!
The current owners have refurbished everything in the last 2 years and no expense has been spared with a new kitchen with Bosch appliances, Hammond fitted wardrobes, a new front door, a new bathroom suite, new thermostatic heaters, carpet, and flooring.
The property is in Merrivale Court which is a private development for the over 60's which is ideal for people who are retired or semi-retired as you have all the benefits of communal living with the well-kept gardens, residents lounge, laundry facilities, and onsite manager.
The property consists of an Entrance hallway with stairs leading to the landing, access to a loft hatch with a good-sized loft that is partially boarded. Front aspect living and dining room, a modern recently fitted new kitchen with integrated appliances, Bosch double oven & grill, induction hob, microwave, and fridge/freezer.
You have a further 2 -bedrooms which are rear aspect, the main bedroom has recently had new Hammonds fitted wardrobes which gives you plenty storage and views over the garden, the second bedroom also fitted wardrobe and views over the garden.
The property has a newly fitted bathroom suite with a fully tiled enclosed shower cubicle with a Mira power shower, vanity drawers, there is also a separate airing cupboard with a new water heater with instant hot water and there has also had new thermostatic heaters.
Outside the property, we have the communal garden areas which are maintained by the in-house gardener, residents parking, communal laundry room, and residents communal lounge and conservatory.
What is on your doorstep: 3 min walk to Tesco express, greengrocer and hairdressers,5 min walk to train station which goes to Gatwick, central London and Southampton, 10 min walk to doctors surgery and further shops, Chinese takeaway also bus stops which are the coastliner route and go as far as Portsmouth westbound and Brighton eastbound.Surrounding area: You have great access to motorway links with M27/A27 to Portsmouth, Gunwharf Quays, Chichester, Wittering beaches, Selsey and Bognor Regis. Popular attractions with Goodwood/Fontwell racecourses, Sussex downs, South downs national parks with Stanstead house, Goodwood house, and Petworth house all close by.
Tenure : Leasehold
Stamp Duty Calculator
Completion date before 31st March 2021
Click HereStamp duty charges for completion date after 31st march 2021
| 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 |
Stamp duty charges for completion date after 31st march 2021
| 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 |
Interest Rate Calculator
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Jigsaw The Property Puzzler
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.
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