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£625,000 Offers in excess of
Bedrooms
Bathrooms
Offered for sale on the open market this is a three bedroom end of terrace home located on a generous plot with gardens to front, rear and side., 0.3 miles to the versatile transport links of Elmers End train station and Tram Stop. Drive providing off street parking to front and access to garage at side.
The property does offer potential for development subject to the necessary planning consents. It is in need of general refurbishment and decoration.
CHAIN FREE & VACANT POSSESSION
Enclosed Porch - Double glazed door with double glazed window to front and side leading to part double glazed door with double glazed window to front leading into:
Hallway - Coved ceiling, picture rails, understairs storage cupboard housing meters, double radiator, fitted carpet.
Cloakroom - Extractor fan, wall hung corner wash hand basin with mixer tap and tiled splash back, low level WC, mirror with back light.
Reception Room - 4.65m x 3.91m (153 x 1210) - Double glazed half bay window to front with leaded fan lights, coved ceiling, picture rails, fireplace with gas fire (not tested by Charles Eden), two double radiators, fitted carpet.
Dining Room - 3.99m x 3.48m (131 x 115) - Double glazed patio doors to rear, coved ceiling, picture rails, double radiator, wall hung gas fire (not tested by Charles Eden), laminate wood flooring.
Kitchen - 3.66m x 2.26m (120 x 75) - Double glazed window to rear, double glazed door to rear leading out to garden, recessed spot lights to ceiling, range of wall and base units with worksurfaces over, white 1 1/2 bowl sink and drainer with mixer tap, gas oven and hob, washing machine and fridge freezer, part tiled walls, vinyl flooring.
Stairs To First Floor - Fitted carpet.
Landing - Double glazed window to side, fitted carpet.
Bedroom One - 4.75m x 3.76m (157 x 124) - Double glazed bay window with leaded fan lights to front, picture rails, double radiator, fitted carpet.
Bedroom Two - 3.99m x 3.53m (131 x 117) - Double glazed window to rear, picture rails, Glow worm boiler (not tested by Charles Eden), radiator, fitted carpet.
Bedroom Three - 2.97m x 2.06m (99 x 69) - Double glazed window with leaded fan lights to front, picture rails, radiator, laminate wood flooring.
Bathroom / Wc - Opaque double glazed window to rear, coved ceiling, panelled bath with mixer tap and shower attachment, walk-in shower cubicle with rain shower head, wash hand basin inset in vanity unit, wall cabinet, low level WC, cabinet, radiator, fully tiled walls, fitted carpet.
Outside -
Rear Garden - 18.29m width x 15.24m depth (paced) (60 width x 5 - Comprising shrubs, pond, greenhouse, the garden extends to the side of the property which is where the garage is located adjacent to which a pedestrian gate giving access to the front, whilst to the other side of the garage is a garden shed and further area of garden.
Garage - 4.70m x 2.49m (155 x 82) - With up and over door to front, door to side giving pedestrian side access to garden.
Frontage - Walled with pathway and shrubs,
Off Street Parking - Crazy paved driveway with parking for one car.
Epc Rating D -
Council Tax E -
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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