3 bedroom terraced for sale

£255,000 Guide Price

3

Bedrooms

1

Bathrooms

Floorplan

DESCRIPTION:
Offered for sale with no onward chain and located on the northern outskirts of Andover, this terraced house has in recent months been extensively modernised and upgraded by the current vendorsto a high standard.The property benefits from its own garage, directly below the propertyand, with proximity to local schools andopen countryside as well as numerous local amenities, the property would make an ideal first family home.Very well-presented throughout, theaccommodation comprises anentrance hallway, a utility cupboard, a kitchen/dining room, a living room,a ground floor bedroom/office, two first floor bedrooms and a bathroom with aseparate WC.To the rear is a low-maintenance garden, which has recently been landscaped as part of the property renovation.

LOCATION:
Andover offers a range of shopping, educational and recreational facilities, including a college of further education, a cinema, theatre and leisure centre. The mainline railway station runs a direct route to Londons Waterloo in just over an hour, whilst the nearby A303 offers good road access to both London and the West Country. Venice Court can be found on the Roman Way development off Icknield Way, whichlinks Newbury Road and Smannell Road to the north of the town centre and is close tomany local amenities, including schools,convenience stores, supermarkets, fast food and retail outlets.East Anton sports ground with Harmony Woods Nature Reserve is a short distance away, along with the popular Finkley Down Farm Park. Roman Way is close to two outlying villages. Enham Alamein is located just a mile to the north and boasts a village shop, post office and coffee shop,whilst a mile and a half to the east is the village of Smannellwith its renowned public house.

OUTSIDE:
There are various communal parking options near to the property with paths leading to both the front and rear of the property. The garage is located directly below the property with a path leading down to that level along with separate vehicular access. The garden to the rear has gated access to a pathway and has recently been landscaped, now mainly laid to lawn with an area of hard standing for either seating or for housing a garden shed.

ENTRANCE HALLWAY:
Luxury vinyl flooring. Stairs to the first floor. Door to a built-in storage cupboard and door to a built-in understairs meter cupboard. Radiator. Doors to:

UTILITY CUPBOARD:
Window to the front and storage shelving. Space for a tumble dryer. Eye-level cupboard housing the consumer unit.

KITCHEN/DINING ROOM:
Newly installed during the second half of 2024. Dual aspect kitchen with windows to the front and to one side. Luxury vinyl flooring. A range of eye and base-level cupboards and drawers with worksurfaces over. Inset one-and-a-half bowl sink and drainer, space for a freestanding electric cooker which has a glass splashback. Space and plumbing for a washing machine, space for an American-style fridge freezer. Space for dining. Radiator.

LIVING ROOM:
Good-sized living room with a window and an external door accessing the rear garden. Modern vertical radiator.

OFFICE/BEDROOM THREE:
Window to the rear and luxury vinyl flooring. Radiator. Could be utilised as either a good-sized third bedroom or would make an ideal home office.

FIRST FLOOR LANDING:
Window to the front. Loft access. Door to a built-in cupboard housing a wall-mounted gas boiler (newly installed in the latter half of 2024). Door to a built-in, walk-in airing cupboard housing a hot water cylinder.

BEDROOM ONE:
Window to the rear. Double doors to a built-in wardrobe cupboard. Radiator.

BEDROOM TWO:
Double bedroom with a window to the rear. Door to a built-in wardrobe cupboard. Radiator.

BATHROOM:
Window to the front. Panelled bath with a mixer shower attachment. Pedestal hand wash basin and a heated towel rail.

WC:
Separate WC alongside the bathroom with a window to the front. Close-coupled WC.

TENURE & SERVICES:
Freehold. Mains water, drainage, gas and electricity are connected. Gas central heating to radiators.

Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 213075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 21825
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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