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£720,000
Bedrooms
Bathrooms
Arins Property Services are very pleased to offer this totally refurbished, extended, detached chalet bungalow for sale in one of Woodleys most sought after locations. The location is fabulous as Woodley shopping precinct is only a short walk away and their is a regular bus route nearby connecting Reading in about a half hour. The ground floor accommodation comprises hall, bedroom two with ensuite shower room, study/bedroom three ( subject to a small internal alteration ), large L shaped open plan living room/dining area/kitchen and a large utility storage room connecting the front and the rear of the property. The first floor accommodation comprises a galleriedmezzaninesitting room with open views down into living area, master bedroom with en suite shower room and separate dressing room. To the outside at the front is driveway parking for about three vehicles and to the rear is a large private garden with lawn and patio area. At the rear of the garden is an office/summer house with garden storage area to the side. Woodley is a suburb to the north east of Reading and offers great commuter links. For the commuter the A329M and M4 motorwayare only a ten minute drive away and Earley mainline railway station connecting London waterloo and Reading with onward connections to London Paddington is nearby. For buyers with children both Highwood primary and Bulmershe secondary schools are within catchment. Other benefits include gas central heating, double glazing and vacantpossession with no onward chain. An internal viewing is recommended. Epc to follow.
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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