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34 Campo Lane, Sheffield
£120,000
Bedrooms
Bathrooms
Belvoir Sheffield are delighted to present this spacious and well-appointed two-bedroom ground floor apartment, ideally situated in the highly sought-after Norfolk Park area of Sheffield. Offered withvacant possession and no onward chain, this property is perfect forfirst-time buyers,downsizers, orinvestors, with a potential rental income of795 per month.
This well-presented two-bedroom apartment offers secure entry via an intercom system and welcomes you with a spacious hallway, complete with two convenient storage cupboardsone of which houses the washing machine.
The bright, open-plan living and kitchen area provides a generous and versatile space for relaxing or entertaining. The modern kitchen is fitted with a range of contemporary wall and base units, an integrated electric oven, and a gas hob. The living area is neutrally decorated and carpeted, enhancing the feeling of comfort and space.
There are two well-proportioned double bedrooms and a family bathroom featuring a three-piece suite including a W.C., sink, and a bath with an overhead shower.
Additional benefits include one allocated parking space.
Situated in the popular Norfolk Park area, this property is ideally positioned for access to the Sheffield SuperTram network and a range of local amenities. Schools, parks, and shops are all within walking distance, making this an ideal home for professionals, couples, or small families.
EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 105 years 4 months,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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