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£600,000
Bedrooms
Bathrooms
Arins property services are very pleased to offer to the market for sale this well maintained four bedroom detached family home situated in a sought after location in Lower Earley which is a suburb to the south east of Reading in central Berkshire. The accommodation comprises hall, cloakroom, living room, dining room, kitchen/breakfast room, master bedroom with en suite shower room, three further bedrooms and a family bathroom. To the outside id driveway parking and gated access to rear garden. The rear garden is mainly laid to lawn with small patio area. The location is ideal as it offers easy access to the district centre which incorporates a large ASDA super store complex incorporating a Boots the chemist. The district centre also benefits from a M&S food store, Iceland, fast food outlets and a 24 hour hour garage. Nearby is Loddon Valley leisure centre which benefits from a 25m pool and gym facilities. For buyers with children, primary schools are within walking distance and secondary schools are only a short cycle away. For the commuter the A329M is nearby giving access to the M4. Within walking distance you can catch a bus to Reading which takes approximately 30 minutes to Reading town centre which also benefits from a mainline railway station giving access to London Paddington via the Elizabeth line. This property benefits from no onward chain.
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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