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78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
£300,000
Bedrooms
Bathrooms
Reception
Entrance Via wooden door into; Hallway Tiled flooring throughout. Archway architectural feature. Stairs to lower ground floor Wooden stairs leading to; Outdoor storage area Perfect for storage of household objects. Outside toilet Low level W/C. Rear garden Mostly laid to pave throughout. Stairs to second floor Wooden stairs leading to; Office area Archway leading to office area. Double glazed window to rear. Sky light window above. Radiator. Power points. Built in shelving units ideal for storage. Kitchen Double glazed windows to rear. Tiled flooring throughout. Matching array of wall and base units and complimentary work surfaces. Sink with wash basin and mixer taps. Integrated four burner gas hob and oven. Space for dishwasher. Coving and skirting. Breakfast bar seating area. Utility area Space for white goods. Built in shelving units. Family bathroom Double glazed window to rear. Tiled splashbacks with marble effect. Walk in shower. Chrome towel rail. Low level W/C. Sink with wash basin and mixer taps. Lounge/diner Bay window to front. Wooden flooring throughout. Beautiful architectural features. Featured fireplace. Skirting. Power points. Radiators. Integrated shelving units. Feature alcoves. Stairs to third floor Built in storage. Featuring a stunning stain glass window. Bedroom two Windows to rear. Carpeted throughout. Power points. Radiator. Skirting. Access point to private roof terrace; Private roof terrace Decorative panelled flooring throughout and a real sun trap retreat. Bedroom one Double glazed sash windows to front. Built in storage capacity. Radiator. Power points. Carpeted throughout. Attic room Skylight window. Carpeted throughout. Under eaves storage capacity. Beams. Radiator. Leasehold information We have been advised by the vendor that the property is share of freehold there is 985 years remaining on the lease and we have also been advised by the vendor that there is a peppercorn ground rent with no other fees payable.
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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