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£90,000
Bedrooms
Bathrooms
Aston Estates are pleased to present for sale two self contained flats in a central location .
The flats are both spacious and have a joint hallway for access to each dwelling from the main front door .
The ground floor flat has an ample lounge with a large flat fronted window allowing natural light to flood in, The two bedrooms are further along the hallway which are very generous in size for a property of this calibre .
The kitchen is the next room along with a selection of base and wall units with a electric hob and oven and ceramic tiled floor giving it crisp finish, The kitchen is large enough to have a substantial sized dining table if required .
The family bathroom is the final room at the very rear of the building with a bath, W/C and washbasin with complimenting white ceramic tiles around the bath .
The rear garden is spacious and private with both flats having the use of this outside relaxing area .
As we make our way up to the first floor dwelling its a familiar lay out to the ground floor with the lounge to the front elevation of the property .
Then the sole bedroom and followed by the family bathroom with the same elements being the bath, washbasin and W/C with beige ceramic tiles covering part of the area around the bath .
The kitchen on this occasion is at the rear elevation of the property with again a selection of base and wall units, and electric hob and oven .
The kitchen again is spacious enough to have a large dining table for all those eating times .
There is a stair case to the rear garden for access to this area from the first floor dwelling also covering any emergency exit requirements .
Ideal investment property of first time buyers
sstc 90,000
Property summary
: GCH
: UPVC
: Central Location
: Ideal investment
: Great potential rental yield
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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