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£350,000
Bedrooms
Bathrooms
An extremely well presented, very spacious extended 3 bedroom mature semi detached home, with a driveway and lawned gardens to the front and rear, set back in a semi rural position on Do Hey Rd in the Great Lever area of Bolton in Greater Manchester. Briefly comprises of the following, an entrance porch, an open plan entrance hallway, a spacious lounge with a feature living flame electric fire and surround, a spacious second reception room (currently being utilised as a dining area), a third reception room with a feature electric fire and surround, a modern fully fitted L shaped kitchen in white, including an integrated induction hob, grill, oven, extractor hood, breakfast bar and a dishwasher, a downstairs W.C/utility room, a home office or a single bedroom, and a large rear garden with a seating area, large artificial grass lawn, summer house and a garden shed. To the upper floor you will find 2 double sized bedrooms and 1 single bedroom (fully fitted wardrobes to the master bedroom), a modern 4 piece Family bathroom with a vanity basin, toilet, deep bath tub and a shower cabinet, plus a converted loft room with a fixed stairwell. Comes with double glazed windows and doors throughout. Warmed by gas central heating via a combi boiler. Local countryside walks on your doorstep, close by to Bolton Hospital and a number of high schools including Mount St Josephs, Harper Green School and St James High School. Offers excellent transport links with the M60 and M61 motorway junctions within easy reach. EPC is Band D. Leasehold property with 880 years left on the lease, the ground rent is 4.10 per annum.
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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