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78, Queen Street, Ramsgate, Kent, CT11 9ER, United Kingdom
£150,000
Bedrooms
Bathrooms
Reception
Entrance Via communal front doors/ Access to all floors via lift service or staircase. Hallway Own private front door into hallway. Entry phone system. Storage heater. Cupboard housing fuse box. Power points. Doors to; Lounge Window to side. TV point. Phone point. Power points. Storage heater. Door providing access to fire escape. Kitchen matching range of wall and base units with complementing black surfaces over. Inset stainless steel sink and drainer unit. Space and plumbing for washing machine. Integrated electric hob and oven with extractor over. Window to rear. Built in storage cupboard with shelving. Power points. Space for under counter fridge/freezer. Bedroom Double glazed window to rear. Power points. Electric heater. Bedroom Window to side. Power points. Electric heater. Bathroom Suite in white comprising panelled bath with electric shower over. Low level WC. Pedestal wash hand basin. Extractor fan. Cloakroom Window to rear. Low level WC. Leasehold information. We have been advised of the following - Lease 188 years remaining. - Service Charge 120pcm . - Please note, short term holiday lets are not permitted.
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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