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£120,000
Bedrooms
Bathrooms
Set on a large corner plot with open views over greenbelt to the front is a three bedroom end terraced house offered with the benefit of immediate vacant possession. Briefly comprising; entrance hall, spacious 18 ft. lounge, kitchen/diner, additional kitchen/utility room, three first floor bedrooms and a modern shower room/WC. There are lawned gardens to the front & side of the property with privet hedge, an imprinted concrete driveway and enclosed South facing rear garden. Energy Rating: TBC. Council Tax Band: A (1,582.22).
Entrance Hall - UPVC entrance door, front side aspect UPVC double glazed window and a staircase to first floor.
Lounge - 5.71m x 3.65m (188' x 1111') - Front & two side aspect UPVC double glazed windows, feature fireplace with electric fire, dado rail, coving and a radiator.
Kitchen/Diner - 3.57m x 3.26m (118' x 108') - Side aspect UPVC double glazed window, base & wall units with rolled work surfaces & matching upstand incorporating a sink with mixer tap and an electric hob with oven below. Large walk-in storage cupboard with a rear aspect UPVC double glazed window and washing machine. Radiator.
Additional Kitchen/Utility - 3.58m x 1.30m (118' x 43') - Side aspect UPVC door leading to the garden, base & wall units with rolled work surfaces & matching upstand and space for a fridge/freezer.
First Floor Landing - Side aspect UPVC double glazed window, storage cupboard, access to loft.
Bedroom One - 3.90m x 3.03m (129' x 911') - Side aspect UPVC double glazed window and a radiator.
Bedroom Two - 3.03m x 3.35m (911' x 1011') - Side aspect UPVC double glazed window and a radiator.
Bedroom Three - 2.59m x 2.79m (85' x 91') - Side aspect UPVC double glazed window and a radiator.
Shower Room/Wc - Two front aspect UPVC double glazed windows, corner walk-in cubicle with thermostatic mixer shower, vanity unit housing wash basin, low level WC, part tiled walls, extractor fan and a radiator.
Externally - Set on a large corner plot there are lawned gardens to the front & side with a privet hedge offering privacy. Wrought iron double gates lead to an imprinted concrete driveway providing off-street parking for at least two cars. To the rear is an enclosed, South facing, imprinted concrete patio garden with a wooden garden shed.
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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