Residential · Flat · Leasehold

A Vacant First Floor Two Bedroom Flat

Flat 2, 35 Prince of Wales Road, Cromer, Norfolk, NR27 9HS

Property type
Flat
Bedrooms
2
Bathrooms
1
Receptions
1
Tenure
Leasehold

A vacant first floor two bedroom flat within a mid terrace building in Cromer, Norfolk. Recently refurbished and held on a leasehold with approximately 60 years unexpired.

Recently refurbished Close to local shops Near Cromer Beach Rail station access

Accommodation

  • Reception Room
  • Kitchen
  • Bedroom 1
  • Bedroom 2
  • Bathroom
  • Separate WC

Full description

A vacant first floor two bedroom flat situated within a mid terrace building arranged over ground and three upper floors. The property has been recently refurbished. The property comprises a reception room, kitchen, two bedrooms, a bathroom and a separate WC on the first floor. The property is situated on a residential road close to local shops and amenities. The open spaces of Cromer Beach are within easy reach. Transport links are provided by Cromer rail station. The property is held on a leasehold basis with a 99 year lease from 1st September 1987, thus approximately 60 years unexpired. When purchasing a flat with a short lease, buyers should be aware that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price.

Financial Tools

Your estimated monthly payment
£312.66/mo
Deposit £18,750 (25%) Loan £56,250 Interest £37,547
Total cost £93,797 Total interest £37,547
Property price£75,000
Deposit25%
£18,750
Interest rate4.5%
Term25 yrs

For illustration only. SDLT applies to England & Northern Ireland; rates and reliefs change. Seek independent financial advice before making decisions.

Location

Flat 2, 35 Prince of Wales Road, Cromer, Norfolk, NR27 9HS
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