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34 Campo Lane, Sheffield
£130,000
Bedrooms
Bathrooms
Belvoir Sheffield are pleased to bring to the market this beautifully presented two-bedroom second-floor apartment in the highly sought-after Norfolk Park area of Sheffield with breath-taking views of the city. With an allocated parking space and no onward chain, this property is an excellent opportunity for first-time buyers, downsizers, or investors with potential rental income of 750 per month.
The apartment offers a secure intercom system for entry and features a spacious hallway with two convenient storage cupboards. The open-plan living and kitchen area is bright and generously sized. The kitchen is fitted with a range of modern wall and base units, an integrated electric oven, and a gas hob. The well presented living area, is spacious and has patio doors leading onto a large L-shaped balcony, offering stunning views of the city.
The property benefits from two double bedrooms and a family bathroom, featuring a three-piece suite with a shower over the bath, W.C. and sink. One allocated parking space is provided.
Located in Norfolk Park, this property benefits from excellent transport links including Sheffield SuperTram network and lots of local amenities close by with schools, parks and shops all within walking distance.
EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 106 years 1 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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