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6 Market Parade, Havant
£475,000
Bedrooms
Bathrooms
A detached house located in a large corner plot at the end of a cul-de-sac in a sought-after location. A short walk to Havant town centre and Langstone Harbour. Although in need of modernisation this offers a wonderful opportunity with scope of extension (subject to planning). Chain free.
This detached house sits in a generous plot, tucked at the end of a cul-de-sac in a popular and sought-after area of Langstone. It benefits from being within walking distance of both Havant town centre and Langstone Harbour, along with access to the Hayling Billy Trail. The house is in need of modernisation but offers a great opportunity to extend the accommodation (subject to planning permission) and create a spacious family home. A viewing is recommended to fully appreciate the full scope and potential of the property.
On entering the house, the entrance hall gives direct access to the sitting room, kitchen and a ground floor cloakroom. The spacious sitting room overlooks the rear garden with double doors leading through to the dining room. The dining room, in turn, has a patio door opening out to the rear garden. The kitchen overlooks the front of the house and has a side door leading outside.
To the first floor there are 4 bedrooms set on each corner of the house. The largest of these overlooks the front of the property, with the two rear bedrooms and the other front room all offering built-in cupboard space. The family bathroom presents well and features a white suit comprising a panel bath with shower over, a wash basin and toilet.
Outside, the house is approached over a driveway leading to an attached single garage. The front garden is currently laid to lawn but could easily be used for additional parking, if required. Side access leads to the generous rear garden space, which extends to over 100 in depth at its furthest point. There is a central lawn edged with mature flower beds, shrubs and trees, leading to a more natural, wooded area of garden to the far end. There is a large timber summer house to one side of the garden, with an area of patio adjacent to the rear of the house.
GROUND FLOOR:
ENTRANCE HALL
SITTING ROOM 5.58m (184') max x 3.98m (131') max
DINING ROOM 3.63m (1111') x 3.55m (118')
KITCHEN 3.63m (1111') x 3.15m (104')
CLOAKROOM
FIRST FLOOR:
LANDING
BEDROOM 1 3.79m (125') x 2.99m (910')
BEDROOM 2 3.76m (124') max x 3.07m (101') max
BEDROOM 3 3.25m (108') max x 2.91m (97') max
BEDROOM 4 2.77m (91') plus door recess x 2.56m (85')
BATHROOM
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.
6 Market Parade, Havant
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