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£230,000 Guide Price
Bedrooms
Bathrooms
Colin Ellis welcome to the market SEMI DETACHED BUNGALOW set on a CORNER PLOT located within a CUL-DE-SAC. This TWO BEDROOM property offers a DUAL ASPECT lounge, MODERN KITCHEN, a LOFT ROOM,DRIVE, gardens and a GARAGE. NO ONWARD CHAIN.
Description - Briefly comprising of an entrance hall, dual aspect lounge, modern kitchen, three piece bathroom suite and two double bedrooms. Outside the gardens wrap around the property with hedged boarders. There is also a drive and a garage.
Burniston is a pretty and popular village approximately 3.5 miles from Scarborough. The village is on a bus route and amenities include a village hall, primary school, garage, church with caf, Post Office, local shop and two pubs. Internal viewing is a must in order to appreciate the space and setting with this well appointed home.
Entrance Hall - Double radiator, uPVC double glazed door, loft access and power points.
Lounge - 4.8 x 3.6 (158' x 119') - Gas fire, uPVC double glazed bay window, single radiator and power points.
Kitchen - 3.3 x 2.7 (109' x 810') - Base, wall and drawer units, tiled splash back, integrated electric oven and hob, space for fridge, freezer and washing machine, sink/drainer unit, mixer tap, uPVC double glazed window and doors to rear, double radiator and power points.
Bedroom One - 4.3 x 3.2 (141' x 105') - Single radiator, uPVC double glazed window and power points.
Bedroom Two - 3.2 x 3.1 (105' x 102') - Coving, uPVC double glazed window and power points.
Bathroom - 2.4 x 1.6 (710' x 52') - Panel bath, basin with pedestal, low flush wc, electric shower over bath, uPVC double glazed window and ladder radiator.
Loft Room - 5.3 x 2.7 (174' x 810') - Single radiator, uPVC double glazed window and power points.
Outside - Off street parking, garage and 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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