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£289,950 Offers in excess of
Bedrooms
Bathrooms
A well presented, extended 3 bedroom detached home with a driveway, garage and a very spacious rear landscaped garden, located on Ashby Close in the Farnworth area of Bolton in Greater Manchester. Briefly comprises of the following, an entrance porch, a spacious lounge with a feature inset wood burner and surround, a modern fully fitted galley style kitchen with an integrated gas hob, oven and extractor hood, an open plan dining area with space for a good sized dining table and chairs, a downstairs W.C, a second large reception room with a feature wood burner fire and surround, plus a very spacious landscaped rear garden with a patio area, grass lawn and a storage shed. To the upper floor you will find 3 bedrooms, 2 double sized bedrooms and 1 single bedroom, with fully fitted wardrobes to 2 of the bedrooms and an en-suite bathroom to the Master bedroom, including a basin, toilet and a shower cabinet, plus a modern Family bathroom with a 3 piece suite in white, including a basin, toilet and a bath tub with a shower over the bath and a glass shower screen. Comes with double glazed windows and doors throughout. Warmed by gas central heating via a combi boiler. Close by to a number of local schools, including St James High School, Bolton Hospital and Moses Gate Railway station. The M60 and M61 motorway junctions are only a short journey by car. Leasehold property with 764 years left on the lease, ground rent is 50 pounds per annum. The EPC and Floor plan are ordered and will be live on the advert soon.
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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