4 bedroom end of terrace for sale

£270,000

4

Bedrooms

2

Bathrooms

Floorplan

Belvoir Sheffield are delighted to present this spacious four-bedroom end-of-terrace corner property, ideally located in the sought-after area of Meersbrook with the beautiful Meersbrook Park quite literally on the doorstep. Offering generous accommodation across three levels, this home boasts a range of appealing features, including two well-proportioned reception rooms, private rear garden, garage providing valuable off-road parking or storage, en-suite shower room to the top-floor bedroom.While the property would benefit from some modernisation, it is a fantastic prospect for a range of buyers including first-time buyers or families looking to upsize.With vacant possession and no onward chain.

This charming and generously sized property offers 1,268 sq ft of accommodation across three floors and presents an exciting opportunity to create a beautiful family home.

The ground floor features a welcoming living room with a striking stone fireplace and two large windows that flood the space with natural light. A second, well-proportioned reception room provides access to the cellarideal for storage. The kitchen is fitted with an integrated oven and hob, and a convenient downstairs WC completes this level.

Upstairs to the first floor, youll find a spacious double bedroom, a small double bedroom, and a family bathroom.

The top floor includes two further double bedrooms with one boasting stunning wood panelling and a convenient en-suite shower room.

To the rear, a private garden provides access to the garage with car parking space for one car or storage. There is also ample on-street parking available.

While the property would benefit from some updating, it offers exceptional potential for enhancement, with excellent proportions throughout.

Situated in a highly convenient location right next to Meersbrook Park with excellent local amenities, the property offers easy access to the city centre, universities, and hospitalsmaking it ideal for families, professionals, or investors.

EPC rating: D. Tenure: Leasehold, Length of lease (remaining): 671 years 2 months,

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

£ 225450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 6750
  • 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

£ 22950
  • 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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