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£110,000
GROUND FLOOR SHOP AND FIRST FLOOR APARTMENT INVESTMENT OPPORTUNITY ON LIVERPOOL ROAD, STOKE - ONLY 110,000
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Are you looking for the next link in your portfolio? Looking for somewhere that is already let, having an income that you will benefit from immediately? Then look no further.
In Stoke on Liverpool Road, you will find this stunning mixed-use property.
To the front elevation you will find a ground floor retail unit currently let on a long lease to the dentist next door, with a single fronted retail space at ground level and feature timber clad to the first storey.
As you progress down the side elevation you will find the rear yard and entry into the apartment into the kitchen. The kitchen installation is in a modern style, with an adjoining bathroom, all recently refurbished before the previous tenant. Continuing down the corridor of the kitchen leads to a stairway to the first floor.
Lifting into the reception room, there are two bedrooms adjoining to the front and rear of the property, with the front bedroom being of a large size.
This property has easy access to local amenities and schools, making this an ideal home for couples or smaller families, as well as the benefit of additional income via the retail space below. This property is within easy access to the A500 road link and the A50 only a short distance away. ??
Features:
' Beautifully Presented
' Close to shops
' Close to Town Centre
' Double Glazing
' Fitted Bathroom
' Fitted Kitchen
' Public Transport Links Nearby
' Recently renovated throughout
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Price: OIRO 110,000
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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