3 bedroom semi-detached for sale

£165,000

3

Bedrooms

1

Bathrooms

Floorplan

3 BEDROOM QUASI SEMI DETACHED FAMILY HOME CLOSE TO OPEN COUNTRYSIDE, LOCATED IN THE POPULAR AREA OF STACKSTEADS. CLOSE TO LOCAL AMENITIES AND COUNTRYSIDE WALKS. PERFECT FAMILY HOME. COUNCIL TAX BAND A / LEASEHOLD TENURE WITH NO GROUND RENT TO PAY.

The property comprises: Lounge, kitchen and extended diner. To the first floor you have 2 double bedrooms and 1 single room, with a shower room.

The property is close to excellent local amenities and shops. The Rose N Bowl carvery restaurant is only 5 minutes walk away, as are local primary schools. There are bus stops nearby and good transport links into Bacup, Rawtenstall and beyond.

Lovely family home, council tax band A and FREEHOLD so no ground rent to pay. Combi boiler serviced last year.

LOUNGE - 4.0m x 3.3m
Lovely room with a bay window and under stairs storage.

KITCHEN DINER - 5.2m x 4.2m, reducing to 3.0m in the dining area.
Modern kitchen with built-in appliances such as, fridge, freezer, washing machine and dishwasher. The extended dining area has skylights and a door that leads out to the rear yard.

FIRST FLOOR

MASTER BEDROOM - 3.6m x 3.2m
Good-sized master room with built-in wardrobes and over head storage, views out to the front of the property.

BED 2 - 3.5m x 2.6m
Views out the rear of the property and partial views over to Lee Mill quarry.

BED 3 - 2.7m x 2.0m
Single bedroom with views to the front of the house.

BATHROOM - 1.7m x 1.7m
Modern bathroom with walk in shower.

EXTERNALLY
Double driveway to the front of the property, to the rear you have an enclosed yard.

COUNCIL TAX
We can confirm the property is council tax band A - payable to Rossendale Borough Council.

TENURE
Leasehold - 999 years from 1 January 1936 - Ground Rent : 2.75 per annum

THE AREA
Stacksteads is a small village located in the Rossendale Valley, Lancashire, England. Historically a part of the industrial landscape of the North West, Stacksteads was once heavily involved in the cotton and textile industries, which were central to the economy of the region during the 19th and early 20th centuries. The village is nestled between the larger towns of Bacup and Rawtenstall, and its landscape is characterized by the picturesque hills and moors that define much of Rossendale. Although the industrial activity has long since declined, Stacksteads retains a sense of its heritage, with stone cottages and former mill buildings still evident in the area.

In recent years, Stacksteads has become more of a residential area, benefiting from its proximity to natural attractions such as the Pennine hills and the River Irwell, which flows through the valley. The village is well-connected by road, making it an appealing location for commuters to nearby towns and cities like Manchester. Local amenities include schools, shops, and community facilities that serve the needs of the residents. Additionally, efforts have been made to enhance the local environment, with projects such as the Stacksteads Riverside Park providing green space for leisure and recreation. The village maintains a close-knit community feel, reflecting its roots as a traditional Lancashire village.

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only, and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in this property).

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

£ 130575

Mortgage Loan to Value

%

Gross Yield

%

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
    £ 4125
  • 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

£ 6825
  • 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

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  %

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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