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£375,000 Guide Price
Bedrooms
Bathrooms
NO ONWARD CHAIN Situated on a highly sought-after, tree-lined road overlooking Palmer Park on the Reading/Earley borders, this attractive bay-fronted Victorian terraced home offers a fantastic opportunity to create a truly stunning home. Brimming with character, the property features high ceilings and period fireplaces throughout. The spacious accommodation includes an entrance hall, a bay-fronted living room, a dining room, and a generously sized rear kitchen. Upstairs, there are two double bedrooms, with the master enjoying pleasant front-facing views. The large four-piece bathroom is in need of refurbishment but provides ample space for a stunning new four piece suite. Outside, the impressive west-facing rear garden boasts a patio, lawn, and a decking area at the rearideal for outdoor entertaining. The property offers excellent potential for improvement and extension (STPP), with neighboring homes having undertaken both ground-floor and loft extensions. Ample permit and visitor parking is available, while the 21-acre Palmer Parkfeaturing a leisure centre and childrens play areais right on the doorstep. The home is within walking distance of Reading town centre, Royal Berkshire Hospital, and a variety of local shops and amenities. It also provides excellent access to the A329(M) and M4 motorway. A fantastic opportunity for a first-time buyer looking to transform a spacious period home in a prime location.
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Mobile Signal: 4G excellent data and voice, 5G poor
Brick, upvc and aluminium double glazed windows
Not to my knowledge.
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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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