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2 Winsford Parade, SL12BD
£750,000 POA
Bedrooms
Bathrooms
Reception
AO Estate Agents welcome to the market this impressive spacious house it is offered For Sale with no forward chain. The property has been designed to work as a six bedroom fully licensed HMO. (Not Licenecd as a HMO as yet)
This HMO can produce an annual income of approximately 49,000. This is a rare opportunity for investors or offers the possibility of being purchased as an impressive family residence.
Ground and first floor have 4 good size bedrooms which are linked with en suite in each room (WC/Shower). Ground floor consists of two rood sized rooms again with en suites in each room. Main communal/reception area and refitted shared kitchen with appliances.
Property consists of front and rear gardens with off street parking and driveway.
The property itself is within easy reach of the main Farnham Road close by to amenities such as popular schools, takeaways, restaurants which can be found few yards away.
2.1 Miles from Slough Central Station and will soon benefit from the highly anticipated Crossrail, which will provide an even speedier service straight into the heart of Central London. Less than five minute drive from the property is junction 7 of the M4 motorway providing fast and easy access to Heathrow Airport (10 miles away), Central London (20 miles away) and the M25/M40 motorway network
*strictly by appointment only*
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.
2 Winsford Parade, SL12BD
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