2 bedroom terraced for sale

£500,000 Guide Price

2

Bedrooms

1

Bathrooms

Floorplan

Sleaford Street is perfectly located in a central location, within walking distance of Cambridge City Centre, the Grafton Centre, Beehive Retail Park, and the mainline Railway Station.

The current owner has recently completed a full renovation, transforming the property into a modern home while retaining key original features, such as the bay window and fireplace. Updates include new sash double glazing, doors, fuse board, boiler, radiators, flooring, kitchen, and bathroom. There is also potential to extend, subject to planning approval.

The front door opens into a spacious, open-plan living/dining area, creating a perfect space for modern living and entertaining. A bay window at the front and the original sash window at the rear flood the room with natural light. The room also features a cosy fireplace with a brick hearth. At the rear of the property, the kitchen benefits from a bright and airy feel, thanks to a glass extension that overlooks the south-facing garden. The kitchen is fitted with a range of wall and base units, providing plenty of work surface, and includes integrated appliances such as a fridge/freezer, washing machine, dishwasher, electric oven, and four-ring gas hob with extractor fan.

Upstairs, the landing leads to two bedrooms and the stylish family bathroom. The bathroom features a modern suite, including a low-level WC, a round countertop basin, and a walk-in shower, all finished with marble-effect tiling and complemented by brass details.

Outside, the rear garden has been designed with low maintenance in mind, offering an ideal space for alfresco dining. The garden is enclosed by a mix of wall and wood-panel fencing, with a rear gate providing access to River Place.

Sleaford Street is conveniently situated between Sturton Street and York Street, around 1 mile east of the City Centre with its combination of ancient and modern buildings, winding lanes, excellent choice of schools and wide range of shopping facilities.

The property is less than a mile away from Cambridge Railway Station with direct links to London. Mill Road, The Grafton and Beehive Shopping Centres are also a short walk away.

Schooling is excellent and the area falls within the catchment of St Matthews Primary School, secondary provision is at Parkside Community College both of which are Ofsted rated as outstanding.

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

£ 415200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12500
  • 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

£ 40200
  • 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

Adjust these figures

  %

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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