3 bedroom terraced for sale

£210,000

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan

Situated off Clifton Road, this traditional Victorian terraced property features an entrance hall that leads to an open lounge and dining room with bay windows, allowing for plenty of natural light. The kitchen is located at the rear and includes a separate utility room and laundry area. On the first floor, youll find three spacious bedrooms, two of which boast charming feature fireplaces. Additionally, there is a bathroom equipped with a shower cubicle and a W/C. Further benefits include gas central heating and a rear garden. The property is being sold with no upper chain.

Property Details
Nestled off the Clifton Road, this Victorian terraced property captures the charm of a bygone era while offering modern conveniences. As you step inside, you are greeted by an inviting entrance hall that leads you into a spacious open-plan lounge and dining room. The bay window allowing streams of natural light to illuminate the welcoming space.At the rear of the home, a well-appointed kitchen awaits, complete with a separate utility room and laundry room, providing a functional layout for daily living. Venturing to the first floor, you will discover three generously sized bedrooms, two of witch boast delightful cast iron feature fireplaces, adding a touch of vintage charm to the atmosphere. Completing this floor is a convenient shower room and a separate W/C, ideal for family living.This property further benefits from efficient gas central heating and a quaint rear garden, perfect for relaxing. It is being offered for sale with no upper chain, allowing for a smooth purchase process. Additionally, the presence of fire doors and emergency lighting makes this residence particularly suited for rental purposes, ensuring safety and peace of mind.EPC Rate: DCouncil Tax Band: B
''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.

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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

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

Mortgage Required

£ 165450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 5250
  • 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

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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

£ 7950
  • Mortgage Interest
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    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)
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  • Letting Fee
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  • Maintenance
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  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

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Total Profit

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

  • Cumulative Rental Profit
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Final Property Value

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