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£920,000 Offers in excess of
Bedrooms
Bathrooms
Bettermove are proud to present this 24 bedroom house of multiple occupants in Scarborough available with no forward chain.
The property benefits from double glazing and gas central heating throughout. The council tax band is G.
The property is currently occupied and will be sold with multiple occupants in situ for immediate investment - rental yields can be obtained through Bettermove.
The interior of this Grade II listed building comprises of 5 floors in total. The lower ground floor has fantastic kitchen facilities and communal areas for the occupants to enjoy with two ensuite bedrooms. The Ground floor boasts another communal lounge area for guests to enjoy and 3 more ensuite bedrooms and the self-contained wardens flat. The first floor with lift access has 7 further ensuite bedrooms, 8 ensuite bedrooms on the second floor and 4 ensuite bedrooms on the third floor.
Located in the popular town of Scarborough, the property is close to a range of amenities, including shops, supermarkets, restaurants and Scarborough Beach. Excellent transport connections can be found from the Scarborough Train Station, the A165 and many local buses.
This exciting opportunity should not be missed! All enquiries can be made through Bettermove on .
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Reserve It Now
Secure your property with a 1,000 exclusivity deposit.
Its taken off the market, locked in for you, and returned to you on completion.
No risk of being gazumped. No wasted costs.
Talk to our team today about Exclusivity Deposits
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Part Exchange Available
We can take your property in as part exchange, giving you a guaranteed buyer and a quicker, chain-free move.
Ask our team today about how our Part Exchange option can help you move with confidence.
Part Exchange subject to terms, valuation, and eligibility.
No
Good
Floor: Solid, no insulation (assumed)
Roof: Pitched, no insulation (assumed)
Walls: Solid brick, as built, no insulation (assumed)
Windows: Some double glazing
Lighting: Low energy lighting in all fixed outlets
No
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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