3 bedroom semi-detached for sale

£280,000

3

Bedrooms

2

Bathrooms

2

Reception

Floorplan

This three-bedroom semi-detached family home is located in the popular Hillmorton area and is being sold with no upper chain. The accommodation includes an entrance hall with understairs storage, a lounge, a ground floor WC with a shower, and a kitchen/diner equipped with a Range style cooker, as well as an integrated fridge and freezer. On the first floor, there are three bedrooms and a family bathroom. Additionally, the property benefits from gas central heating, double glazing, and a detached garage that is accessible via a service road at the rear.

Property Details
This three-bedroom semi-detached family home is located in the popular Hillmorton area and is being sold with no upper chain. The accommodation includes an entrance hall with understairs storage, a lounge, a ground floor WC with a shower, and a kitchen/diner equipped with a Range cooker, as well as an integrated fridge and freezer. On the first floor, there are three bedrooms and a family bathroom. Additionally, the property benefits from gas central heating, double glazing, and a detached garage that is accessible via a service road at the rear.
Rugby Overview
Rugbys economy is primarily industrial and focused on distribution. The town has a rich engineering heritage, particularly in the production of gas and steam turbines by GEC and AEI, with AEI formerly known as British Thomson-Houston (BTH). These companies historically dominated employment in Rugby and have since merged to form Alstom. Engineering remains the most important sector in the town.
Retail Expansion
Rugby has seen the development of three new retail parks: - ''Elliots Field'', which focuses on leisure and fashion,- ''Junction One'', featuring a nine-screen cinema, various shops, and fast food outlets, and ''Technology Drive'', primarily home stores and DIY retailers.
Educational Institutions
Rugby boasts several excellent schools, including:- Lawrence Sheriff School (a boys grammar school),- Ashlawn School (which has received top ratings from OFSTED),- Rugy High School (a girls grammar school) - The prestigious Rugby School, recognized as the birthplace of the modern game of rugby.
Historical Significance and Tourism
Rugby is credited with inspiring the modern Olympic Games and contributing to the inventions of the laser, hologram, and jet engine. The town enjoys a growing tourism economy, aided by increased marketing efforts from the council and other partners, making it one of the fastest-growing locations in the West Midlands.Rugby is conveniently located, with London just 54 minutes away by non-stop train. It has excellent access to major roads, including the M1, M6, A5, A45, and A46, as well as DIRFT.
About the Agent
Viewings are strictly by appointment through our sole agents, Cadman Homes. We are a local, family-owned estate and letting agency covering Rugby, Lutterworth, Coventry, and Leamington. If you are unsure about your homes value or havent yet chosen an agent to sell or let your property, we are here to assist you. For valuations, mortgages, conveyancing, and more, please contact our local office.


Features
  • Freehold

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

£ 233700

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
    £ 7000
  • 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

£ 23700
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message