3 bedroom semi-detached for sale

£640,000

3

Bedrooms

Extended Three Bedroom - Semi-Detached House - Through Lounge - Modern Shower - Guest Cloakroom - Fitted Extended Kitchen - Parking - Lovely Rear Garden - Priestmead School Catchment -

Front Entrance
Double glazed enclosed porch.

Entrance Hallway
Double glazed front door, side aspect stain glass window, storage cupboards and under stairs storage cupboard housing electric meter. Laminate flooring and radiator.

Guest Claokroom
Side aspect double glazed window, WC, wall mounted wash hand basin with mixer taps and vanity unit under. Tilled floor.

Study 5.20m (17 1') x 3.60m (11 10')
Side aspect double glazed window, Radiator, wall mounted boiler.

Through Lounge 8.20m (26 11') x 3.50m (11 6')
Front aspect double glazed window, laminate flooring, coved ceiling, inset ceiling spot lights and radiator.

Extended Kitchen 5.20m (17 1') x 3.60m (11 10')
Rear aspect double glazed window, rear aspect double glazed French doors leading to decking area and rear garden. Range of fitted base and eye level units, integrated gas hob with extractor fan over and integrated electric oven. Single drainer sink with mixer taps, plumbing for washing machine, space for fridge freezer and part tiled walls.

Stairs and first floor landing
Side aspect window, hatch to loft space and doors too...

Bedroom One 3.90m (12 10') x 3.40m (11 2')
Front aspect double glazed window, fitted wardrobes and radiator.

Bedroom Two 3.40m (11 2') x 3.40m (11 2')
Rear aspect double glazed window, fitted wardrobes and radiator.

Bedroom Three 2.10m (6 11') x 2.10m (6 11')
Front aspect double glazed window.

Bathroom
Side aspect double glazed window, enclosed shower, wash basin, low level wc, radiator, tiled walls and floor.

Front Garden
Off street parking for two cars.

Rear Garden
Decking area with veranda, lawn, flower beds and large storage shed.

Map location is not available for this property.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 530700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 50700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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