1 bedroom end of terrace for sale

£179,500 Guide Price

1

Bedrooms

1

Bathrooms

1

Reception

Complete estate agents are delighted to present this charming one bedroom cottage situated in the heart of the town. This recently refurbished property enjoys a light and airy living room, newly fitted kitchen and bathroom, spacious bedroom, new double glazed windows and doors, new heating system, electrics and all new flooring. The property further benefits from a lovely south facing rear garden and is offered for sale with no onward chain. Viewing highly recommended. The property is pleasantly located in a conservation area near the town centre within easy reach of the park, riverside walks and primary school. Melksham offers a good range of shopping and leisure facilities including various shops and supermarkets, a new fitness centre/swimming pool with library, cafes, restaurants and bars. Regular bus services to other towns. Neighbouring towns include Devizes, Corsham, Calne, Trowbridge, Bradford-on-Avon and Chippenham with the latter having a mainline railway station (London-Paddington) and access to the M4 motorway via junction 17. Melksham also has its direct railway line to Chippenham. The Georgian city of Bath 12 miles and famed for its shopping, period buildings and many places of cultural interest. Accommodation Double glazed door to-Living Room Double glazed window and door to the front, brick fireplace, recessed down lights, radiator and opening to -Fitted KitchenA range of wall and base units with work surface over and tiled splash backs, inset stainless steel sink with mixer tap, built in electric oven and hob with extractor over, slimline dishwasher, space for fridge/freezer, space and plumbing for washing machine. Recessed lighting. Double glazed window and door to the rear, stairs to first floor.Bedroom With double glazed window to the front, recessed lighting, radiator.BathroomFitted with white suite comprising panelled bath with a shower over with a hand attachment, combination vanity unit with sink and close coupled W.C with concealed flush. Heated towel radiator, recessed lighting, airing cupboard with wall mounted gas boiler, ceramic tiled walls and flooring and a double glazed window to the rear.Rear Garden This lovely aspect, southerly facing, walled and fenced rear garden has a paved patio, with steps to an area with shrub boarders, that has a central pathway to a most useful block/rendered shed. The garden has gated side access and an outside tap.These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give a representation or warranty in respect of the property. Floor plan measurements and distances are approximate only and should not be relied upon. We have not carried out a detailed survey nor tested the services, appliances or specific fittings.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 141812.5

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4487.5
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 7187.5
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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