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7 bed flat for sale Severn Square, Newtown

Asking price

£300,000

Added two days ago

Type: Flat
Bedrooms: 7
Tenure: Freehold

Key features

• Freehold investment comprising six self-contained apartments
• Prime town centre location overlooking the River Severn
• Mixture of one and two-bedroom accommodation
• Freehold with vacant possession.
• Communal entrance, rear garden with separate access to Flat 3
• Individual mains gas central heating and services to each apartment

About this property

Occupying an enviable position on the banks of the River Severn in the heart of Newtown, Ty Hafren presents an excellent opportunity to acquire a substantial freehold investment property comprising six self-contained apartments. The accommodation is arranged over several floors and comprises six one and two-bedroom apartments (1 two-bedroom and 5 one-bedroom) served by a communal entrance hall and staircase, with Flat 3 benefiting from its own independent rear access. Each apartment provides well-proportioned living accommodation including a living room, fitted kitchen or kitchenette, bedroom accommodation and bathroom facilities.

Council tax

Ask agent

Location

Severn Square, Newtown

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Mortgage and stamp duty

Property price £300,000

£150k £450k

Deposit10% £30,000

£0 £300k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £270,000 mortgage. Most lenders would want a household income of about £60,000 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.