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311 High Street North, London, E12 6SL
£1,100,000 OIRO
Bedrooms
Bathrooms
Reception
Property type: Detached house
Tenure: Freehold
Bedrooms: 4 bedrooms
Property size: 1,868 square feet
Constructed: before 1900
Grange Cottage, Belmont Road, Belmont, Bolton
**NO CHAIN**FREEHOLD** The Cottage is a splendid detached stone residence. Breathtaking views over the Lancashire countryside, when the sun is shining. The house has been stood empty for some time and as such is requiring work to restore it to its full potential.
The property comprises a living area, a large dining room, stunning orangery, modern kitchen, utility room, cloakroom/WC, four bedrooms with the master benefiting from en-suite, as well as a four-piece luxury bathroom. Venturing outside, the house comes with a gated driveway, enough space for a minimum of 4 cars.
A lovely front garden overlooking the countryside, a perfect location for a BBQ with views.
Our View:
An absolute gem of a property, gorgeous views over the countryside and a real secluded setting, making the house ideal for anyone who wants peace and quiet whilst being only 5-10 min drive from the hustle and bustle.
Location:
The property is located just off Belmont road, with access up a long windy road with the pleasure of farm animals along the way. Fantastic transport links close by and local amenities. Scope to put your own mark on the property! A VIEWING IS A M
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.
311 High Street North, London, E12 6SL
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