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1 bed flat for sale Drakes Close, Bridgwater

Asking price

£84,950

Added yesterday

Retirement home

Type: Flat
Bedrooms: 1
Tenure: Leasehold

Council tax Band A

Key features

OVER 55’S ONLY
999 YEAR LEASE STARTED IN 1981
ONE BEDROOM GROUND FLOOR FLAT
DUAL ASPECT LOUNGE
KITCHEN WITH VIEWS OVER COMMUNAL GARDEN SPACE
SPACIOUS SHOWER ROOM WITH LARGE SHOWER TRAY & FITTED GRAB RAILS
ELECTRIC HEATERS/TOWEL RAIL
COMMUNAL LOUNGE & LAUNDRY ROOM
RESIDENTS AND VISITOR PARKING AVAILABE
LEVEL WALK INTO BRIDGWATER TOWN CENTRE

About this property

Located in a quiet position at the end of a no-through road, 6 Drakes Close is a purpose-built ground floor flat for the over 55’s. The property has a spacious and dual aspect lounge which provides access to the kitchen. The lounge is located to the rear of the building and is therefore very quiet, having views over communal gardens, as does the kitchen.

Floorplan

Council tax

Band A

Location

Drakes Close, Bridgwater

Open map Street View

Mortgage and stamp duty

Property price £84,950

£42k £128k

Deposit9% £8,000

£0 £85k

Lenders usually want at least 10%

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £76,950 mortgage. Most lenders would want a household income of about £18,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.