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£180,000
Bedrooms
Bathrooms
Reception
INVESTMENT OPPORTUNITY FIRST FLOOR FLAT, Second Flat requiring Refurbishment, RETAIL UNIT and Large WORKSHOP EXCELLENT SITUATION on Established Residential and Secondary Commercial Location Great Road Links for M4 and an easy walking distance of the RAILWAY STATION NO CHAIN
Tenure:
Freehold. Residential & Commercial.
Current Income to Flat 1 only.
Location:
An excellent position on an established residential and secondary commercial location situated within Pontymister within proximity of Risca.
Risca is situated approximately 9.66 kilometres (6 miles) north of Junction 28 of the M4 Motorway, and approximately 11.3 kilometres (7 miles) north of Newport City Centre.
Description:
A two storey mid terraced building of solid construction, which has been extended to the rear, and which currently provides retail, storage/warehousing and residential accommodation.
Ground Floor Retail Unit 18.32 sq m 197.20 sq ft
Ground Floor Workshop 6.83 sq m 73.52 sq ft
TOTAL 25.15 sq m 270.72 sq ft
FLAT 1: First Floor, residential flat one Bedroom (though advised) an unused potential for second in an attic (subject to planning) accessed via steps in lounge, Lounge/Diner, Kitchen, Bathroom.
FLAT 2: Ground Floor, residential flat though currently used as storage and unlettable in current condition. Advised it was one Bedroom flat with Lounge/Diner, Kitchen, Bathroom.
IN TOP 5 of BEST Estate Agents in WALES in the Industry NEGOTIATOR AWARDS Adre Properties is GROWING THROUGH REPUTATION.
Adre Properties is an affordable and professional online Estate Agent dedicated to the South Wales Region and other Regions by Request. If you have either a property to SELL or RENT, then give us a call to find out why we have been SHORTLISTED as BEST in WALES and see how we Can WORK for you!
Adre Properties is a Trading name of Adre Properties Ltd.
THE PROPERTY MISDESCRIPTIONS ACT 1991
References to the Tenure of a Property are based on information supplied by the Vendor. The Agent has not had sight of the title documents. Items shown within photographs are NOT included unless indicated.
COPYRIGHT
The information on this website is the copyright of Adre Properties Ltd. Prospective purchasers may download, store, and use the material for both their own personal consideration and for those people they may need to consult with. However, unless the permission of Adre Properties Ltd has been sought, under NO circumstances may any content, be republished, retransmitted, redistributed or otherwise so that it causes the material to become available to any party or on any website, online service or bulletin board or reproduced as a hard copy or in other media form.
REFERRAL ARRANGEMENTS
Adre Properties Ltd and our Modern Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services, and you should always consider your options before services are accepted. Where services are accepted Adre Properties Ltd, or our Modern Auction Auctioneer may receive payment for the recommendation, and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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