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£455,000
Bedrooms
Bathrooms
A fine opportunity to acquire this modern semi-detached house situated in a fine, established city location. Originally built in the 1980s the property has been improved and extended by the present owners which now incorporates an extremely versatile ground floor bedroom with en suite shower room, ideal first dependent relatives, independent teenagers or guests etc. There are well maintained gardens to the front and rear, off road parking for 2 cars and a single garage with an electronic roller door. Heating is gas fired to radiators and the windows are tilt and turn Upvc sealed unit double glazed. The Council Tax rating is currently Band D and the EPC rating is currently being assessed. For those wishing to complete quickly the property further benefits from not having an onward chain.
Dalton Way is particularly well placed for access to the city centre, primary and secondary schools and Ely leisure, a complex on the western outskirts of the city, which includes various eating establishments, cinema, sports centre, swimming pool together with sporting activities including golf, squash and tennis. Ely offers a good range of day-to-day amenities, several weekly markets and a mainline railway station with services to Cambridge, London, Birmingham and the north.
Front entrance door to:
Entrance Hall: - Tiled floor and open access to:-
Inner Hall: - Stairs to first floor and door to:-
Cloakroom: - Tiled floor, Low level WC, vanity wash basin with cupboard under and heated towel rail.
Kitchen/Breakfast Room: - Tiled floor, range of base and wall cabinets, work surfaces, sink unit, fitted shelving, integrated Zanussi oven and 5 ring gas hob with extractor hood above, Electrolux dishwasher and feature bow window to front aspect.
Sitting/Dining Room: - French doors to:-
Conservatory: - French door to garden and French doors to:-
Bedroom 1: - Door to:-
En Suite Shower Room: - Tiled floor, shower cubicle, low level WC, vanity wash basin with cupboards under, heated towel rail and door to garage.
First Floor: -
Landing: - Cupboard housing the gas fired boiler and loft hatch to roof space.
Bedroom 2: - Built in wardrobes and view of the Cathedral tower.
Bedroom 3: - Built in wardrobes.
Bedroom 4: - Built in wardrobes.
Bathroom: - Tiled floor, low level WC, panelled bath with separate shower unit, vanity wash basin with cupboard under and heated towel rail.
Outside: - Lawn area to front, together with flower and shrub beds. Block paved driveway to side, providing off road parking for 2 cars and access to a Single Garage 5.08m x 2.48m (167' x 812) with electronic roller door to front, power, light, radiator, sky light window, position for washing machine and tumble dryer and access useful storage area over the shower room. The rear garden enjoys a westerly aspect and is fully enclosed by fencing. An area of lawn is bordered by flower and shrub beds.
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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