2 bedroom terraced for sale

£179,950

2

Bedrooms

1

Bathrooms

We are pleased to welcome to the market this lovely two bedroomed Cottage situated in the popular area of Gelt Road, Brampton. The property enjoys open views over the countryside, but is also in easy reach of the Town of Brampton and all the amenities it offers.
The property is set back from the road and benefits from a low maintenance front garden leading to the entrance hallway. Light and bright lounge with inset Multi fuel stove and decorative hearth. A large Kitchen/diner with a good range of traditional style wall and base units in keeping with the character of the property. Beyond the kitchen is a utility room allowing access to rear courtyard with two generous storage sheds. (Access to the courtyard is shared between properties on this row).
To the first floor are two double bedrooms, master bedroom with excellent over stair storage and lovely views over the countryside beyond. The second bedroom looks to the rear of the property. Excellent four piece neutral bathroom with freestanding bath. 250+mbps Fibre-optic broadband is installed at the property.
A property full of character and charm. Viewing absolutely recommended to appreciate the position and accomodtion on offer. No onward chain.

Entrance Hall - Entrance via wooden door with glass panels, carpeted hall and stairs.

Lounge - 4.308m x 4.658m (141' x 153') - Lounge with carpet, radiator, UPVC windows, understrair storage area and inset multi fuel stove. Central five branch light and two wall mounted lights.

Kitchen/Diner - 4.296m x 4.227m (141' x 1310') - Spacious Kitchen/Diner with tile flooring, radiator and UPVC window to the rear of the property. A great range of wall and base units with integrated fridge, dishwasher, and extractor fan.

Rear Porch/Utility - 2.625m x 1.507m (87' x 411') - Rear porch/utility area with plumbing for washing machine

Stairs And Landing - Carpeted stairs and landing with a large shelved storage cupboard and loft hatch with ladders. Loft is partially boarded.

Master Bedroom - 3.986m x 5.189m (130' x 170' ) - Carpeted with two UPVC windows, radiator and over stair storage cupboard.

Second Bedroom - 3.786m x 2.886m (125' x 95') - Carpeted with UPVC window and radiator.

Bathroom - 1.505m x 3.824m (411' x 126' ) - Four piece bathroom with corner shower, freestanding roll top claw bath, wash hand basin and W.C. vinyl flooring and UPVC window.

Outside Storage - Two storage sheds, First is currently being used as a wood store (3.113m x 1.597m).The second shed has shelving and measures. (3.986m x 1.774m)

Directions - From Carlisle, cross hardwicke circus and over Eden Bridges. Take a right onto Brampton Road and continue across the roundabout to the A689 towards Brampton. At the Brampton roundabout take the first exit onto Green Hill, then take a sharp right onto Capon Tree Road, Take the second left onto Gelt Road and the property is located on your left handside and can be identified by our For Sale Sign.

Map location is not available for this property.

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

£ 142161.25

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 4498.75
  • 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

£ 7198.75
  • 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.

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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

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  • 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

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This is the assumed rate of house price inflation.

Final Property Value

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

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