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78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
£825,000
Bedrooms
Bathrooms
Reception
Entrance Entrance via wooden private front door into: Hallway Stairs leading to first floor landing. Radiator. Power points. Doors to: Lounge Original feature fireplace. Bay style double glazed windows to front. Wooden flooring. Power points. Radiators. Through to: Dining room Wooden flooring. Original fireplace. Radiator. Power points. Door to hallway. Kitchen Matching array of wall and base units and complementing work surfaces and breakfast island. Standalone gas oven and hob. Space and plumbing for washing machine. Plumbed in fridge / freezer. Tiled flooring. Double glazed windows and bi-folding doors to rear. Velux style windows. Radiator. Power points. Downstairs w/c W/C. Tiled flooring. Split wooden doors with stain glass. Cellar Boiler and hot water cylinder housing. Stairs to first floor landing First floor landing Primary bedroom Bay style double glazed windows to front. Power points. Radiator. Dado rail. Door to: En-suite Walk in shower unit. W/C. Wash basin with mixer taps. Bedroom two Double glazed window to rear. Power points. Radiator. Door to: En-suite Shower unit. W/C. Wash basin with mixer taps. Bedroom three Radiator. Power points. Double glazed window to rear. Door to: En-suite Stand alone bath tub. W/C. Wash basin with mixer taps. Shower unit. Frosted double glazed window to side. Stairs to second floor landing Second floor landing Doors to: Bedroom four Double glazed window to rear. Radiator. Power points. Carpeted throughout. Bedroom five Radiator. Power points. Double glazed window to front. Door to: En-suite Shower unit. Wash basin with mixer taps. W/C. Bedroom six / home office Carpeted throughout. Double glazed window to rear. Power points. Rear garden Patio area outside of Kitchen bi-fold doors. Steps up to laid to lawn area. Further steps to a further patio area. Side access to front of property Driveway Block paved front driveway suitable for two cars.
New Home: Non New Home
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.
78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
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