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5 Bridge Street, Wisbech
£185,000
In our opinion, this is an exceptional investment property in a prime location, which is well presented throughout and finished to a very good standard.
This retail unit is in a prime location of Wisbech, which offers a good selection of amenities through out the town and offers a very active rental market.
For navigational purposes please use PE13 1EQ
Wooden Glazed Door to
Entrance Lobby
Spiral staircase to first floor, with glazed timber window to front, door to
Main Shop
25 1 x 25 6 (7.65m x 7.79m) (narrowing to 4.92 x 2.74) Vinyl flooring, feature hearth, door to
Storage Area
Two doors off
Kitchen Area
9 1 x 8 6 (2.77m x 2.61m) Tiled floor, window, stainless steel sink & drainer with mixer tap over, Cupboards under. Heater. Sliding door to
Inner Lobby
Storage area, door to
Downstairs WC
Low level wc, wash hand basin, storage heater
Wooden Glazed door to
Reception Area
9 10 x 11 5 (3.02m x 3.5m) Vinyl flooring, textured ceiling, loft access
2nd Reception Area
13 8 x 6 0 (4.19m x 1.85m) (at narrowest point)
Treatment Room One
8 8 x 9 6 (2.66m x 2.9m) Window to front. Laminate flooring.
Treatment Room Two
7 2 x 8 3 (2.2m x 2.53m) Laminate Flooring.
Treatment Room Three
13 8 x 9 0 (4.2m x 2.76m) Laminate Flooring.
Kitchen
5 8 x 5 7 (1.75m x 1.71m) Sliding door, base and wall units, stainless steel sink & drainer, tiled splashbacks. Door to
WC
Window, extractor fan, low level wc and wash hand basin.
Rear Area
Shared with a neighbouring property, wrought iron gated access.
Map location is not available for this property.
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.
5 Bridge Street, Wisbech
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