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£370,000 Guide Price
Bedrooms
Bathrooms
ANDREW COWEN ESTATE AGENTS are pleased to bring to the market Nestled on Stepney Road in the popular coastal town of Scarborough, this IMPRESSIVE DETACHED FAMILY HOME offering a wonderful opportunity for those seeking a SPACIOUS RESIDENCE with GREAT POTENTIAL. Spanning three storeys, the property boasts four well-proportioned bedrooms, making it ideal for families or those who desire extra space.
Upon entering, you are greeted by two inviting reception rooms, perfect for both relaxation and entertaining. The separate dining room provides an excellent setting for family meals, while the kitchen breakfast area is a delightful space for casual dining. The addition of a conservatory enhances the living experience, allowing for an abundance of natural light and a seamless connection to the outdoors. The property features two bathrooms, including a three-piece shower room, a four-piece family bathroom and a separate ground floor WC, catering to the needs of a busy household.
Externally, the home is complemented by a paved area that leads to a generously sized rear garden, offering a private retreat for outdoor activities and gatherings. A separate brick garage, along with a driveway, ensures ample off-street parking for residents and guests alike.
While the property is in need of some modernisation, it presents a fantastic opportunity for buyers to put their own stamp on it and create a truly personalised living space. Conveniently located close to local amenities, including Scarborough Hospital, this home is well-positioned for both comfort and convenience. With its spacious layout and potential for enhancement.
DONT MISS OUT ON THIS ONE, call one of our friendly sales team on today.
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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