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£385,000 Guide Price
Bedrooms
Bathrooms
The property is approached via a pathway running alongside a communal green space, creating a pleasant and inviting entrance. The front garden is enclosed and features a variety of plants and hedges, while a side access path leads around to the rear garden.
The front door opens directly into the kitchen, which is fitted with a range of units and shelving, along with space and plumbing for all necessary appliances. The bright living room, located at the front of the property, features an electric fire set into the chimney breast, stairs to the first floor, and an open layout leading into the rear extension/dining room. Spanning the width of the property, the dining room enjoys views over the rear garden and benefits from a modern side door and double doors opening onto the outdoor space. Additionally, the ground floor includes a downstairs WC and a useful storage cupboard.
Upstairs, the first floor offers three bedrooms, with the principal bedroom being a spacious room at the front of the property. The family bathroom is fitted with a modern three-piece suite, including a bath with a shower over.
The mature rear garden is generously sized and well-stocked with an array of plants, shrubs, and bushes. A patio area provides an ideal space for outdoor seating, while a garden tap and an oil tank are conveniently positioned to the side of the home. The garden backs onto open fields, enjoying an easterly aspect and a peaceful, rural setting.
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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