3 bedroom terraced for sale

£215,000 Offers in excess of

3

Bedrooms

1

Bathrooms

1

Reception

Belvoir Sales and Lettings is delighted to present this beautifully modernised three-bedroom terraced house for sale in the highly sought-after area of Western Park. Finished to an exceptional standard, the property has undergone extensive renovations, including the installation of new windows and doors, external wall insulation, a full rewire, and upgraded plumbing.

Further enhancing its appeal, a brand-new roof has been fitted, and extensive works have transformed this property into a perfect home for first-time buyers.

Situated just a stone's throw from local amenities, the property benefits from excellent transport links and is within walking distance of Leicesters City Centre.

GROUND FLOOR:

OPEN PLAN LOUNGE/DINING AREA

A striking feature glass staircase leads to the first floor, enhancing the rooms sense of space. UPVC windows invite plenty of natural light, while the neutral decor provides a bright and contemporary ambience.

KITCHEN

This stylish kitchen boasts a sleek grey design complemented by a bespoke mirrored glass splashback. It features state-of-the-art integrated appliances, including an oven and electric hob.

FIRST FLOOR:

BEDROOM ONE

A generously proportioned bedroom with a large UPVC window, creating a light and airy atmosphere. A hidden corner nook offers potential as a compact walk-in wardrobe space.

BEDROOM TWO

Another spacious bedroom, featuring a large UPVC window with pleasant views of the rear garden.

FAMILY BATHROOM

A stunningly large bathroom comprising a separate bathtub, a spacious walk-in shower enclosure, a WC, and a washbasin.

SECOND FLOOR:

MASTER BEDROOM WITH ATTACHED WC

The entire second floor has been thoughtfully converted into a spectacular master bedroom, complete with a private WC and wash hand basin.

REAR GARDEN

The private rear garden is designed for low maintenance, featuring a decked area that leads to a raised section with a stylish outbuilding.

PARKING

The property has on-street parking available.

EPC rating: F. Council tax band: A, Tenure: Freehold,

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 169325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5375
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 8075
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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