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£280,000 Offers in excess of
Bedrooms
Bathrooms
Reception
An attractive three bedroom semi-detached house for sale on Piers Road, in the popular area of Glenfield, Leicester. This well-presented home offers generous living accommodation, including two reception rooms, a fitted kitchen with open plan dining area, three bedrooms, a family bathroom, front and rear gardens, and the additional benefit of a detached garage.The property needs rewiring, offering an excellent opportunity for buyers wishing to modernise and add value.
RECEPTION ROOM ONE
4.08m x 3.67m
The living room is generous in size and features wooden laminate flooring throughout. A central feature fireplace adds character to the room with the large windows allowing plenty of light enhancing the space of the room.
RECEPTION ROOM TWO
2.96m x 2.77m
Accessed through the living room and dining space, this second reception area is filled with natural light from the patio doors, which open directly onto the rear garden.
KITCHEN/DINER
5.03m x 2.54m
Fitted with a matching range of wood-style base, wall & drawer units, sink unit & drainer, gas cooker, fridge/freezer and plumbing for a washing machine. The open-plan layout provides a spacious dining/breakfast area, perfect for family use.
BEDROOM ONE
3.25m x 3.22m
Located at the rear of the property, this double bedroom overlooks the garden. It is carpeted throughout and well-proportioned in size.
BEDROOM TWO
3.63m x 3.32m
A further double bedroom situated to the front of the property, carpeted throughout, with the added benefit of a built-in cupboard.
BEDROOM THREE
2.74m x 2.15m
A single bedroom, ideal for use as a childs bedroom, study or home office.
BATHROOM
2.29m x 1.67m
The family bathroom comprises a bath with shower over, W/C and wash basin.
GARDEN
The property benefits from large front and rear gardens, providing ample outdoor space.
The property also offers access to a private garage.
This property is offered with no upward chain, and early viewing is highly recommended.
EPC rating: C. Council tax band: B, Tenure: Freehold,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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