Situated on the second floor the apartment is finished to an very high standard and specification throughout. With a communal rooftop area for residents it also offers a pleasant environment to live.
The apartment offers an open plan living/kitchen area with integrated white goods, a double bedroom, modern bathroom with bath and shower. The apartment is heated by gas and has double glazing and plenty of light from its tall windows. Further benefits are its location with the beach and Boscombe centre just a short walk away.
For investors, The Cotton Exchange has always been a popular block for tenants. The approximate rental valuation would be £800-850pcm - which would offer gross annual rental yeilds of c.7%.
Previously rented the property is offered with vacant possession.
Further information –
EPC – Band C
Council Tax – Band A
Years remaining on lease – 90
Service Charge - £ 1240 p/a
Ground Rent - £250
Stamp duty due
Based on a sale price of £140,000 the total amount of stamp duty payable will be:
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Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.