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£800,000
Bedrooms
Bathrooms
A fantastic investment opportunity. Four bedroom detached home (previous planning for 4 flats) with THREE tenanted ONE bedroom flats. Sat on just over 1200m2 plot, this opportunity has a great deal of potential for an investor/developer or even a family looking to upsize and acquire investment properties. For full information please get in touch.
Ground Floor -
Entrance Hall - Double doors lead you into a period entrance hall with tiled flooring, central heating radiators and access to all ground floor accommodation.
Kitchen/Dining Room - A good sized kitchen area with breakfast bar, range master cooker, 1 1/2 sink drainer and a window overlooking the rear garden.
Living Room - A great sized room with high ceilings, wooden flooring, log burner and feature bay window.
Sitting Room - A large social space with a stunning fire place, wooden floor, radiator and large bay window overlooking the front garden.
Second Kitchen/Laundry Room - Previously used as a commercial kitchen, this is now being used as a laundry room
Downstairs Shower Room - Walk in shower, WC, extractor fan, radiator and wash hand basin.
First Floor -
Principle Bedroom - A large room with panelled walls, two windows and double doors leading into a large en-suite.
En-Suite - Shower, bidet, wash hand basin, extractor fan, radiator and window to the front of the property.
Bedroom Two - A good sized double room with window over looking the rear garden.
Bedroom Three - A good sized double room overlooking the rear garden
Bedroom Four - A double room with a window overlooking the front garden.
Family Bathroom - Bath with over head shower, WC and wash hand basin.
Attic Space - A large open space that could very easily be converted.
Cellar - The full footprint of the ground floor, again, this may be converted into additionally accommodation.
External - Just over 1000m2 plot.
Tenanted Flats - At the bottom of the garden, the newly build building contains two 1 bedroom flats that are currently tenanted additionally with the side extension to the property there is a tenanted 1 bedroom flat. There was planning in place to convert the family home into four flats but this planning has now expired. Plans can be provided upon request.
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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