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£485,000
Bedrooms
Bathrooms
An extremely well presented 4 bedroom detached home, within a select estate of executive homes, located in a rural location with superb panoramic views of the countryside, including Darwen Tower and Heysham Bay. Offering excellent transport links with the M65 motorway junction only a few minutes drive from the property, and local schools including St Barnabas, Ashleigh and St Josephs primary close by. Briefly comprises of the following, an entrance hallway, downstairs W.C, a spacious lounge with a feature integrated media wall with sound system, a second reception room, a stunning fully fitted kitchen in grey including an integrated induction hob, extractor hood, microwave, 2 ovens, dishwasher and a coffee machine, a utility room, an open dining room, and a large rear garden with a seating area and a grass lawn. To the upper floor you will find 4 double sized bedrooms (with an en-suite bathroom to the master bedroom and fitted wardrobes to all of the bedrooms) and a modern Family bathroom with a 4 piece suite in white, including a vanity basin, toilet, deep bath tub and a shower cabinet. Comes with double glazed windows and doors throughout. Warmed by gas central heating by a modern combi boiler, with underfloor heating installed to the lower floor. The vendors also are part owners of some 2.5 acres of land adjacent to the property, and for use by the residents of the estate. There is a management fee payable of 50 pounds per month for this and for a water pump for the estate. EPC IS BAND C, FREEHOLD. (For room sizes please view the brochure).
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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