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£250,000 Guide Price
Bedrooms
Bathrooms
Offered for sale with NO ONWARD CHAIN, this three-bedroom semi-detached true bungalow is ideally located on the highly sought after Croft House estate in Morley and is easily within walking distance of the town centre. The property would benefit from some updating but offers huge potential and a viewing is highly recommended.
An excellent opportunity to purchase a three-bedroom semi-detached bungalow delightfully situated on a highly popular residential development. The property is certain to appeal to a wide variety of purchasers and an early viewing is highly recommended to fully appreciate everything this property has to offer.
The accommodation comprises; - spacious living room, three good sized bedrooms with two having fitted wardrobes, kitchen with fitted wall and base units, porch with oil-fired boiler and a family bathroom.
The bathroom is part-tiled and has a three-piece suite comprising bath with electric shower over, WC and wash basin.
The inner hallway provides access to the loft which offers a useful additional storage space.
Externally, the front garden is laid to lawn with borders well stocked with established plants. The driveway to the side of the property provides ample off-street parking and leads to the single garage which is complete with fitted light and power. The low maintenance rear garden is fully enclosed and is a mixture of flagstones and flower beds and is an ideal space for relaxing or enjoying a barbecue.
The solar panels were installed in 2013 on a 25-year lease and provide the property with cheaper electricity, please note that there is no feed-in tariff payable to the owner. The property also benefits from having cavity wall insulation installed in 2012 and is still under the 25-year guarantee.
Local Authority, Council Tax Band & Covenants
Leeds City Council
Council Tax Band C
Tenure, Services & Parking
Freehold
All mains services; central heating
Garage and off-street parking
Internet & Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Outdoor mobile coverage (excluding 5G) is also available from at least one of the UKs four leading providers. Results are predictions and not a guarantee. Actual services may be different depending on particular circumstances and the precise location of the user and may be affected by network outages. For further information please refer to the Ofcom website.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,081.17
Total Interest: £139,220.18
Overall Total: £389,220.18
Amortization For Monthly Payment: £1,081.17 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £7,926.40 | £5,047.61 | £244,952.39 |
| 2026 | £7,762.48 | £5,211.52 | £239,740.87 |
| 2027 | £7,593.25 | £5,380.76 | £234,360.10 |
| 2028 | £7,418.51 | £5,555.49 | £228,804.61 |
| 2029 | £7,238.11 | £5,735.90 | £223,068.71 |
| 2030 | £7,051.84 | £5,922.16 | £217,146.55 |
| 2031 | £6,859.53 | £6,114.48 | £211,032.07 |
| 2032 | £6,660.97 | £6,313.04 | £204,719.03 |
| 2033 | £6,455.96 | £6,518.04 | £198,200.99 |
| 2034 | £6,244.30 | £6,729.71 | £191,471.28 |
| 2035 | £6,025.76 | £6,948.24 | £184,523.04 |
| 2036 | £5,800.13 | £7,173.88 | £177,349.16 |
| 2037 | £5,567.17 | £7,406.84 | £169,942.32 |
| 2038 | £5,326.64 | £7,647.37 | £162,294.95 |
| 2039 | £5,078.30 | £7,895.70 | £154,399.25 |
| 2040 | £4,821.90 | £8,152.10 | £146,247.15 |
| 2041 | £4,557.17 | £8,416.83 | £137,830.32 |
| 2042 | £4,283.85 | £8,690.16 | £129,140.16 |
| 2043 | £4,001.65 | £8,972.36 | £120,167.80 |
| 2044 | £3,710.29 | £9,263.72 | £110,904.08 |
| 2045 | £3,409.46 | £9,564.55 | £101,339.54 |
| 2046 | £3,098.87 | £9,875.14 | £91,464.40 |
| 2047 | £2,778.18 | £10,195.82 | £81,268.58 |
| 2048 | £2,447.09 | £10,526.92 | £70,741.66 |
| 2049 | £2,105.24 | £10,868.76 | £59,872.90 |
| 2050 | £1,752.30 | £11,221.71 | £48,651.19 |
| 2051 | £1,387.89 | £11,586.12 | £37,065.07 |
| 2052 | £1,011.65 | £11,962.36 | £25,102.71 |
| 2053 | £623.19 | £12,350.82 | £12,751.89 |
| 2054 | £222.11 | £12,751.89 | £0.00 |
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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Wed May 07 2025
All confirmed! We look forward to speaking with you.
Wed May 07 2025
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