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£175,000 Guide Price
Bedrooms
Bathrooms
This well presented TWO BEDROOM HOUSE is offered to the market with a PRIVATE GARDEN, OFF ROAD PARKING and KITCHEN DINER. Situated in the popular CROSSGATES area the property is well placed for local schools, shops and bars as well as being close to the A64 for connections out of Scarborough.
Entrance Hall - Front door leading to entrance hall with radiator, ceiling light and door to living room.
Living Room - 4.62m x 3.65m - Living room with uPVC double glazed window, radiator, under stairs storage, fireplace with surround and electric fire, coving, two ceiling lights and door to inner hallway.
Inner Hallway - Inner hallway with coving, ceiling light and stairs to first floor.
Downstairs Wc - 1.39m x 1.22m - WC with hand basin, part tiled walls, ceiling light, extractor fan radiator and door to inner hall.
Kitchen/Diner - 3.63m x 2.66m - uPVC French doors out onto the rear garden, uPVC double glazed window, fitted kitchen with beech effect cabinets and drawers, worktop, part tiled walls, built in double oven, electric hob and extractor, fridge freezer, space for washing machine, stainless steel sink, wall mounted boiler, radiator, ceiling spotlights, tiled floor and door to inner hall.
Landing - Stairs to first floor landing with radiator, ceiling light, loft access and airing cupboard.
Bedroom One - 3.65m x 3.26m - Double bedroom with uPVC double glazed window, radiator, ceiling spotlights and door to landing.
Bedroom Two - 3.65m x 3.13m - Double bedroom with uPVC double glazed window, radiator, ceiling spotlights and door to landing.
Bathroom - 1.94m x 1.76m - Bath with shower over, hand basin, WC, radiator, inset ceiling spotlights, extractor, uPVC double glazed frosted window, part tiled walls shower curtain, shaver socket and door to landing.
Outside - To the front is a lawned garden with mature tree and pathway leading to the front door. At the rear is an enclosed garden with lawn, patio area, mature planting and shed. The property also has off road parking for two cars.
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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