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£295,000
Bedrooms
Bathrooms
4 DOUBLE SIZED BEDROOMS! 2 RECEPTION ROOMS AND A CONSERVATORY WITH A VERY LONG TIERED REAR GARDEN! An extremely well presented 4 bedroom extended semi detached home with a driveway, garage and a very long spacious tiered garden to the rear, located on Cemetery Rd in the Kearsley area of Bolton in Greater Manchester. Offers excellent transport links, Farnworth train station and the M60 motorway junction are only minutes away from the property. In the catchment area for St James High School and close by to Bolton Hospital. Briefly comprises of the following, an entrance porch, a very spacious lounge with a feature built in media wall and modern inset electric fire, an open plan plan second reception room, currently utilised as a dining area, a modern fully fitted kitchen with an integrated electric hob, oven and an extractor hood, an integrated garage, a spacious open plan double glazed conservatory and a very long tiered rear garden with a patio area, grass lawn and garden shed included. To the upper floor you will find 4 double sized bedrooms, with an en-suite bathroom to the master bedroom and a family bathroom with a vanity basin, toilet and a walk in shower with a glass screen. Comes with double glazed windows and doors throughout. Warmed by gas central heating via a combi boiler. Leasehold property with 946 years left on the lease. 20 per annum ground rent. An EPC is ordered and will be live on the advert shortly.
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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