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34 Campo Lane, Sheffield
£95,000
Bedrooms
Bathrooms
Belvoir Sheffield are delighted to present this newly decorated ground floor one-bedroom apartment, located within the sought-after Cutlery Works conversion. Set within a secure gated development, this stylish apartment benefits from its own private entrance, offering a unique sense of privacy and convenience. Ideal for first-time buyers or investors alike, the property presents an excellent opportunity with a potential rental income in excess of 775 per month.
Early viewing is highly recommended to fully appreciate the charm and location of this fantastic home.
The apartment features an entrance hallway housing the boiler, a spacious open-plan living/kitchen area with modern wall and base units, and integrated appliances including an oven, hob, fridge, and washing machine (included in the sale). Theres a double bedroom with a carpeted floor and a family bathroom with a bath and shower over, sink, and WC.
Located in Cutlery Works a gated residential development full of historic character this apartment complex was converted in 2007 and offers a unique blend of heritage charm and modern living. Perfectly positioned in a prime city centre location, its within walking distance of Sheffields universities and offers excellent transport links throughout the city and beyond
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.
34 Campo Lane, Sheffield
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