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£239,000
Bedrooms
Bathrooms
Welcoming to the market a great INVESTMENT OPPORTUNITY for a landlord wanting to vastly build a portfolio. A three storey townhouse which has been converted to provide three self contained flats and three bedsits with two of those sharing a communal bathroom.
The property benefits from gas central heating, fully Upvc double glazing, low maintenance rear yard and compliant with HMO fire regulations.
Close to the City Centre and Carlisle Collage the property is occupied by working individuals all with assured shorthold tenancy agreements.
Gas bills are included in the rent, and electricity, water and council tax are to be paid separately by the tenant.
Communal Entrance Vestibule - Enter via solid wood door.
Communal Hall - Under stair storage cupboard housing electrics.
Ground Floor -
Bedsit One - 4.904 x 4.271 (161' x 140') - Located on the ground floor with bay window to the front elevation, modern kitchen with appliances. Communal bathroom located on the first floor
Bedsit Two - 4.502 x 3.657 (149' x 1111') - Located on the ground floor with Upvc French door leading out to rear yard, modern kitchen with appliances. Communal bathroom located on the first floor
Ground Floor Flat One -
Lounge - 3.764 x 3.314 (124' x 1010') - Spacious lounge with Upvc window.
Kitchen - 3.313 x 1.966 (1010' x 65') - Kitchen with appliances, solid wood door leading out to rear yard.
Bedroom - 2.686 x 2.232 (89' x 73') - Single bedroom, Upvc window.
En-Suite - 2.236 x 1.778 (74' x 59') - Shower cubicle, WC & wash hand basin
First Floor - Split Landing
Shared Bathroom - 2.382 x 1.811 (79' x 511') - Shared bathroom for bedsit one & two.
Shower cubicle, W.C and wash hand basin, cupboard housing boiler and Upvc window.
Studio Flat - 4.046 x 3.199 (133' x 105') - Studio room with kitchen, and Upvc window to rear elevation
En-Suite - 2.347 x 0.935 (78' x 30') - Shower Cubicle and WC.
First Floor Flat Two -
Private Hallway -
Kitchen - 3.725 x 2.021 (122' x 67') - Modern kitchen with Upvc window to front elevation.
Lounge - 4.978 x 3.680 (163' x 120') - Spacious lounge with bay window and fireplace.
Bedroom - 4.551 x 3.662 (1411' x 120') - Double bedroom with Upvc window to rear elevation.
En-Suite - 1.649 x 1.345 (54' x 44') - Shower cubicle, WC and wash hand basin.
Second Floor -
Second Floor Flat Three - Located in the attic
Private Hallway - 2.000 x 2.774 (66' x 91') -
Kitchen - 2.004 x 3.822 (66' x 126') - Modern Kitchen with Upvc window to front elevation.
Lounge - 4.964 x 3.299 (163' x 109') - Spacious lounge with Upvc window to front elevation.
Bedroom - 4.582 x 3.292 (150' x 109') - Double bedroom with Upvc window to rear elevation.
En-Suite - 1.764 x 1.845 (59' x 60') - Shower cubicle, WC and wash hand basin.
Rear Yard - Large low maintenance rear yard which is shared with all residents, gated land access, carport, lean to with garage style door.
Two separate outhouses for storage.
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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