Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£950,000 Guide Price
Bedrooms
Bathrooms
The site currently comprises of a detached three-storey building used for residential accommodation comprising of 6 apartments and 12 bedrooms.
This building is owned and managed by Homers House Management Co. Ltd. Planning permission was granted in 2014 (now lapsed) (ref: R14/1530) for 12 additional residential units.
The site is located on to the rear of 51-52 Church Mews, which is accessed from Church Street within the heart of Rugby town centre and the Conservation area.
Along the southern boundary of the site is a garage block of 3 garages which serve the existing building. Pedestrian and vehicular access to the site is off Church Street between No. 50 and No. 55 Church Street. Immediately to the south of the site is the pedestrianised route known as Church Walk which extends along the southern boundary of the site and further beyond is the graveyard/public open space of St Andrews Gardens.
To complete the site, two further dwellings adjacent to the Homers House are available by separate negotiation. No 53, Church Street, Rugby 2 Bedroom Terraced - 732 sqft (68sqm) and No 53a, Church Street, Rugby 1 Bedroom Terraced - 453 sqft (42sqm).
Please contact our sales team for further information or to request a viewing.
Viewings are strictly by appointment.
Traditional Brick
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
