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£450,000
Bedrooms
Bathrooms
Nestled in the charming Betteras Hill Road in Hillam, this unique detached cottage offers a wonderful opportunity for those with a vision for transformation. Set amidst charming surroundings, the property offers a spacious layout complemented by delightful gardens that surround the home. Although it requires some updating, the cottages potential is evident. Imagine the possibilities of creating your dream family home in this picturesque setting. If you are seeking a project that promises to evolve into a beautiful and character-filled home, this property is your ideal canvas. Seize the chance to shape this cottage into the perfect haven for your family.
Reception Lobby Conservatory - 1.92 x 4.49 (63' x 148') - This inviting bright and spacious reception lobby and conservatory features French doors opening to the front of the property, along with two radiators for added comfort
Lounge - 3.53 x 4.98 (116' x 164') - This spacious lounge, full of potential for those with a keen eye, boasts a bow window at the front and a Regency-style fireplace with a marble back and hearth, complete with an electric fire. The room also features a dado rail, a radiator, two wall light points, and a coved ceiling
Kitchen - 2.60 x 4.84 (86' x 1510') - The kitchen features a single sink with a drainer and a mixer tap, complemented by tiled work surfaces. It is fully equipped with fitted units, drawers, and cupboards, with a tiled surround. There is plumbing for a washing machine, an integrated fridge, and an extractor hood built into a canopy. The room is heated by a central radiator and there is a door leading to the porch, a window overlooking the front, a door to the garden, and convenient under-stairs storage
Landing - With a radiator and a window overlooking the rear of the property
Bedroom 1 - 3.52 x 3.97 (116' x 130') - With a window to the front elevation and radiator.
En Suite Shower Room - Behind a sliding mirror door, there is the en suite shower room which boasts an electric shower with tray and a hand wash basin.
Bedroom 2 - 2.62 x 3.02 (87' x 910') - The second bedroom includes fitted wardrobes and cupboards along one wall, a window facing the front elevation and radiator
Bedroom 3 - 2.64 x 3.91 (87' x 129') - With a window to the front elevation and a radiator
Family Bathroom - 1.42 x 1.55 (47' x 51') - The family bathroom includes a hand wash basin, a panelled bath with mixer head shower taps and a tiled surround. It also has a uPVC window to the front and a radiator.
Wc - 0.77 x 1.57 (26' x 51') - At the end of the landing, there is a separate WC featuring a window to the rear.
External - The property stands on a good size garden plot which surrounds the property. The front has mature trees and shrubs, raised garden pond, lawn and with a pebbled driveway giving parking space and leads to the integral garage. to the left side is a garden of lawn, shrubs and greenhouse and with further area to the rear with store. Great scope to create a dream garden.
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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