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£120,000
Bedrooms
Bathrooms
Aston Estates are extremely pleased to present for sale.
This dwelling offers an excellent opportunity for investors to either carry on renting the property as a shared house or as a single occupancy. This property has a potential of 7 rented rooms. The property is in a close proximity to the town centre making it a prime location.
As you enter you are greeted by the lengthy entrance hall, you have the first bedroom on the right and the living room further along with the kitchen. The kitchen has an array of wall and base units finished in gloss white. To the rear of this spacious property, you have bedroom two which has natural light flooding in through the double upvc doors leading out to the rear garden. Through the living room there is a downstairs W/C fitted with an electric shower, wash basin and W/C. There is also access to the rear garden through the living room.
The first floor has five rooms which are suitable for all your required bedroom furniture and a family sized bathroom. As you go up the first set of stairs to the first floor, you can either turn left or right where the five rooms are situated. To the right side of the stairs there is two bedrooms and the family sized bathroom which is fitted with a W/C, wash basin, bath, and separate electric shower. To the left side of the stairs, you have the remaining three rooms.
Gardens to the rear and front offering extra outdoor space. The rear in particular offering extra privacy and security.
An Ideal starter home or investment in the buy to let world, either way its a great investment opportunity.
Measurements
Room 1- L 16ft2 W13ft11
Hallway L41ft6 W6th8
Kitchen-L15ft5 W8ft11
Living Room L14ft6 W12ft4
Downstairs Bathroom L5ft3 W4ft1
Back side landing L19ft7 W2ft7
Room 3 L11ft7 W9ft10
Room 4 L9ft6 W9ft5
Upstairs bathroom L9ft6 W9ft5
Front landing L12ft10 W6ft2
Room 5 L14ft5 W11ft1
Room 7 L10ft W6ft3
First to see will buy, early viewing is highly recommended. Viewing strictly via agents.
(Please note we strongly advise you take legal advice in confirming if the property is leasehold or freehold)
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.
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