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£130,000
Bedrooms
Bathrooms
A spacious, double fronted end terraced house on this popular road in Old Billingham close to many local ameneties and offering easy access to the the A19. The property comprises; entrance hall, lounge, dining room, kitchen, cloaks/WC, three first floor bedrooms and family bathroom. There are large lawned gardens to the front and rear of the property with the rear having a private open outlook. Offered with the benefit of full UPVC double glazing, gas combi central heating and no onward chain. Energy Rating: D-65. Council tax band: A (1,660.58).
Entrance Hall - Composite entrance door with feature leaded lights, staircase to first floor and laminate flooring.
Lounge - 4.99m x 3.51m (164' x 116') - Front and rear aspect UPVC double glazed windows, wall mounted remote controlled electric fire, coving and a radiator.
Dining Room - 3.16m x 3.47m (104' x 114') - Front aspect UPVC double glazed window, wall mounted remote controlled electric fire, laminate flooring, coving and a radiator.
Kitchen - 1.68m x 2.95m (56' x 98') - Rear aspect UPVC double glazed window, base & wall units with rolled work surfaces & tiled splashbacks with stainless steel sink & mixer tap. Tiled floor, pantry, understair storage/meter cupboard and a radiator.
Rear Hall - UPVC door leading to the garden.
Cloakroom/Wc - Low level WC.
First Floor Landing - 3.38m x 3.52m (111' x 116') - Rear aspect UPVC double glazed window, cupboard housing combi boiler and access to loft.
Bedroom One - 3.38m x 3.52m (111' x 116') - Front aspect UPVC double glazed window, built-in wardrobes & cupboards and a radiator.
Bedroom Two - 2.63m x 3.47m (87' x 114') - Front aspect UPVC double glazed window, laminate flooring and a radiator.
Bedroom Three - 2.22m x 2.50m (73' x 82') - Rear aspect UPVC double glazed window, laminate flooring and a radiator.
Bathroom/Wc - Rear aspect UPVC double glazed, white suite comprising; panel enclosed bath with mixer shower over, pedestal wash basin and low level WC. Part tiled walls and a chrome heated towel rail.
Externally - There is a large lawned garden to the front of the property with side access leading to the rear. To the rear is a large, private garden, mostly lawn with borders, patio area and 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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