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5 Bridge Street, Wisbech
£550,000
INVESTMENT OPPORTUNITY C Carters are pleased to present this block of flats available in the town location of Long Sutton. The flats are in a converted chapel which benefits from some of the original features and very spacious rooms throughout in the valuers opinion. Four flats currently having tenants in paying between 525pcm and 575pcm.. The property is in a conservation area. This is a rare and exciting opportunity to avoid disappointment and arrange a viewing call 01945 588111!!
Flat 3
Entrance Hall
'' This flat requires completing. ''
Entrance door. Smoke alarm. Fuse box. Intercom. Electric heater. Airing cupboard housing hot water tank.
Open Plan Lounge / Kitchen
A range of wall and base mounted units. Stainless steel one and a half bowl sink. Fitted electric hob and oven with extractor over. Space for under counter fridge or freezer. Plumbing for washing machine. Window to side and rear. Television point. Telephone point. Electric heater. Smoke alarm.
Bedroom One
Window to front. Electric heater. Television point. Telephone point.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Shaver point. Tiled splashbacks. Electric heater.
Flat One
This one bedroomed flat needs to have carpets fitted.
Flat 4
Entrance Hall
''Tenants in situ - currently paying 550 pcm''
Entrance door. Smoke alarm. Fuse box. Intercom. Electric heater.
Open Plan Lounge / Kitchen
5.18m x 4.28m
A range of wall and base mounted units. Stainless steel one and a half bowl sink. Fitted electric hob and oven with extractor over. Space for under counter fridge or freezer. Plumbing for washing machine. Window to side and rear. Television point. Telephone point. Electric heater. Smoke alarm.
Study / Store Room
2.79m x 1.62m
Lights and power.
Bedroom One
3.43m x 3.1m
Window to side. Telephone point. Electric heater.
Bedroom Two
3.09m x 2.62m
Window to side. Electric heater.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Shaver point. Tiled splashbacks. Electric heater. Airing cupboard housing hot water tank.
Flat 5
Entrance Hall
''Tenants in situ - currently paying 550pcm''
Entrance door. Smoke alarm. Fuse box. Intercom. Electric heater. Airing cupboard housing hot water tank.
Kitchen
3.27m x 3.23m
A range of wall and base mounted units. Stainless steel one and a half bowl sink. Fitted electric hob and oven with extractor over. Space for under counter fridge or freezer. Plumbing for washing machine. Window to front.
Lounge
4.36m x 2.87m
Window to side and rear. Electric heater. Television point. Telephone point.
Bedroom One
3.35m x 4.08m
Window to side. Electric heater. Television point. Telephone point.
Bedroom Two
2.58m x 3.36m
Window to side. Electric heater.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Shaver point. Tiled splashbacks. Electric heater.
Flat 6
Entrance Hall
'' Carpets needed ''
Entrance door. Smoke alarm. Fuse box. Intercom. Electric heater.
Kitchen
A range of wall and base mounted units. Stainless steel one and a half bowl sink. Fitted electric hob and oven with extractor over. Space for under counter fridge or freezer. Plumbing for washing machine.
Lounge
Television point. Telephone point. Electric heater. Smoke alarm.
Bedroom One
Window to side. Telephone point. Electric heater.
Bedroom Two
Window to side. Electric heater.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Shaver point. Tiled splashbacks. Electric heater. Airing cupboard housing hot water tank.
Flat 7
Entrance Hall
''Tenants in situ - currently paying 550 pcm''
Entrance door. Smoke alarm. Intercom. Electric heater.
Kitchen
3.18m x 3.21m
A range of wall and base mounted units. Stainless steel one and a half bowl sink. Fitted electric hob and oven with extractor over. Space for under counter fridge or freezer. Plumbing for washing machine. Window to side and rear. Television point. Telephone point. Electric heater. Smoke alarm. Two Sky light windows to side. Sloping ceiling.
Lounge
4.08m x 3.34m
Two skylight windows to side. Electric heater. Television point. Telephone point. Sloping ceiling.
Bedroom One
4.32m x 2.89m
Skylight window to side. Electric heater. Television point. Sloping ceiling.
Bedroom Two
3.36m x 2.58m
Skylight window to side. Electric heater. Sloping ceiling.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Shaver point. Tiled splashbacks. Electric heater. Airing cupboard housing hot water tank. Skylight window to side. Sloping ceiling.
Flat 2
Entrance Hall
''Tenants in situ - currently paying 550 pcm''
Electric heater. Smoke alarm. Doors off to following rooms -
Lounge
4.88m x 2.99m
Window to side. Television point. Telephone point. Electric heater.
Kitchen / Diner
4.31m x 3.04m
A range of wall and base mounted units. Stainless one and half bowl sink with mixer tap over. Fitted electric hob and oven with extractor over. Space for fridge freezer. Plumbing for washing machine. Electric heater. Window to rear.
Bedroom One
4.05m x 2.66m
Window to rear. Electric heater. Television point.
Bedroom Two
3.7m x 2.86m
Window to side. Electric heater.
Bathroom
P shaped bath with shower over. Low level w.c. Wash hand basin. Extractor fan. Tiled splashbacks. Electric heater. Airing cupboard housing hot water tank.
Map location is not available for this property.
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.
5 Bridge Street, Wisbech
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