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£100,000
Bedrooms
Turnkey Investment Opportunity Spacious 3-Bedroom Home in Chester-Le-Street
This fabulous, newly refurbished three-bedroom family home is located in Chester-Le-Street, offering excellent transport links to the A1 and close proximity to a range of shopping destinations, including the Arnison Centre, The Metro Centre, and The Galleries.
Please Note: The photos were taken prior to the current tenant moving in, so the condition of the property may differ. The property is currently tenanted, making it an excellent turnkey investment for landlords. It can be sold with or without the tenant in place, providing flexibility for investors or home movers / first time buyers.
Key Features:
Entrance Hall:Welcoming entrance via a uPVC door, with stairs leading to the first floor and access to the lounge.
Lounge (14 1' x 12 9' / 4.3m x 3.9m):A generously sized living area featuring a fireplace, a large double-glazed window with picturesque views, a radiator, and newly carpeted flooring. Access to the kitchen and entrance hallway.
Kitchen (17 5' x 6 7' / 5.3m x 2m):A stylish, modern kitchen with grey wall and base units, a stainless steel sink with mixer tap, a double-glazed window, and a door leading to the rear courtyard.
Family Bathroom:Fitted with a modern suite comprising a bath, pedestal wash hand basin, and low-level WC. Also features a frosted double-glazed window and a radiator.
Bedrooms:
External Areas:
This property is a fantastic opportunity for investors looking for a ready-made rental property or for buyers seeking a well-located, spacious home. Early viewing is highly recommended!
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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