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£450,000

Armada Court, Parkfield Road, Topsham, Devon, EX3

  • 2 beds
Flat

£450,000

  • 2 beds
Flat
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Estimate monthly mortgage payment:

£2,054 per month

Minimum deposit amount:

£22,500
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Armada Court is a very popular retirement development located at the old school, in the heart of Topsham, a short level walk to shops and amenities, next to the swimming pool and bowling green. This particular apartment is one of the largest at Armada Court, being the top half of what was previously the headmaster's house. The property has its own front door, with stairs and a stairlift rising to the first floor. The accommodation is well presented and spacious, with a good-sized sitting room with two modern electric heaters - overlooking the communal gardens and direct views of the bowling green. The adjoining kitchen has recently been upgraded enjoying a range of base, wall and drawer units with work top over, a sink and drainer unit, 4 ring electric hob with oven, high level microwave and an integrated fridge-freezer & dishwasher, also benefitting from a double glazed window overlooking the bowling green. There are two bedrooms (principal en-suite bathroom) plus a separate shower room. Owners need to be aged 55 or over and an on-site manager is available during office hours. Secure parking is provided with electronic access gate and residents have access to the communal gardens. In addition, there is a large owners' lounge, complete with small library, which may be used at any time and is ideal for meeting for afternoon tea or entertaining guests. An en-suite visitors bedroom is also available for owner’s friends and relatives who may require accommodation in Topsham. The property would be suitable as a main residence or as an investment opportunity as the lease allows for the apartments to be let. SERVICES: The vendor has advised the following: Mains electric serving the central heating boiler and hot water, mains water and drainage. Telephone landline and broadband are connected and the provider is Open Reach. Estimated Download speed – 22.00 Mbps, Upload speed – 1000.00 Mbps. Mobile signal: Several networks currently showing as available at the property. AGENTS NOTE: The vendor advises that the flat has the benefit of a 125 year lease from 1st January 2005. The maintenance/service charges for 2022 were approximately £4,407 per annum, to include, cleaning of the communal areas and maintenance of the communal gardens, laundry services and an on-site manager. The buildings insurance is arranged by the Management Company on behalf of the Freeholder, and the contribution is covered by the annual service charge. The property is managed by First Port. The current ground rent is £489 per annum.
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Your estimated purchase costs

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Stamp Duty tax
These figures are estimates and are provided for guidance only
£1,250
Mortgage and legal costs:
£999
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