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£550,000
Bedrooms
Bathrooms
Offered with no upward chain, a rare opportunity to purchase a grade II listed family home situated in the sought after Blakebrook area. Built circa 1822 the property is situated in a conservation area and offers an array of charm and original features including sash windows and Minton tiled flooring. This Late Georgian home has been well cared for by the current owners but still offers a chance for new owners to put their own stamp on this wonderfully presented home. Offering over 1900 square feet the property comprises; sizeable entrance hall with Minton tile flooring, sitting room and dining room with original sash windows, snug, kitchen, cloakroom, good size utility room with shower and scullery. Upstairs opens into a good size landing where there are four double bedrooms plus an additional room which offers potential to create an en-suite or walk in wardrobe. There is a family shower room and an additional w.c. Outside you will find a spacious driveway with parking for multiple vehicles and to the rear there is a beautiful garden with mature shrubs and trees and potential for vegetable garden as well as patio area, potting shed and good size garage. There is also a small courtyard. Viewing is a must to appreciate the character and space on offer. The property benefits from gas fired central heating and no upward chain. EPC=D
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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