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£110,000 Guide Price
Bedrooms
Bathrooms
New to the market is this well proportioned THREE BEDROOM FAMILY HOME occupies a CENTRAL CUL-DE-SAC LOCATION within Scarborough and is SET OVER THREE FLOORS. The property is offered to the market with NO ONWARD CHAIN and is in need of some MODERNISATION.
The accommodation is well laid out over three floors and comprises on the ground floor; entrance hall, bay fronted lounge, a formal dining room and kitchen with access to the low maintenance rear yard. To the first floor lies; landing with stairs to the second floor, master bedroom and house bathroom. On the second floor lies two further bedrooms.
Situated on Hope Street, just off North Marine Road, the property provides access to a wealth of amenities including the town centre being a short distance away along with Peasholm Park, North Bay, Alpamare Water Park and soon to be multi-plex cinema complex, the home is also in multiple catchment areas for local schools and colleges.
Viewing is essential in order to fully appreciate this ideal first time purchase or investment. To arrange a viewing, please contact CPH on or visit
Accommodation: -
Ground Floor -
Entrance Vestibule & Hall -
Lounge - 3.8m max into bay x 3.2m max (125' max into bay x -
Dining Room - 4.2m max x 3.1m (139' max x 102') -
Kitchen - 4.0m x 2.2m max (131' x 72' max) -
First Floor -
Landing - 3.1m x 1.4m (102' x 47') -
Bedroom One - 4.2m max x 3.1m (139' max x 102') -
Bathroom - 3.1m x 2.7m max (102' x 810' max) -
Second Floor -
Landing - 3.2m x 1.4m (105' x 47') -
Bedroom Two - 4.2m max x 3.2m (139' max x 105') -
Bedroom Three - 3.2m x 2.8m max (105' x 92' max) -
Details Prepared - TLPF/180325
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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