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£200,000 Guide Price
Bedrooms
Bathrooms
Offered for sale with NO ONWARD CHAIN, this two-bedroom semi-detached true bungalow is ideally positioned in a highly sought after residential area with excellent transport links. The property would benefit from some updating but offers huge potential and an early viewing is highly recommended to fully appreciate the possibilities.
A fabulous opportunity to update and possibly further develop this two-bedroom, semi-detached bungalow. Offered for sale with NO ONWARD CHAIN it is sure to appeal to a wide variety of potential buyers.
The property comprises; - living room, dining kitchen with access to the rear garden, two bedrooms, shower room and a conservatory to the front.
The spacious dining kitchen has a good number of fitted wall and base units, plenty of worktop space and integrated appliances include; - fridge, freezer, hob and double oven. Included with the sale is the washing machine and microwave.
Both bedrooms are of a good size, both have fitted wardrobes and the larger bedroom has a pleasant outlook overlooking the rear garden.
The shower room is fully tiled, having a white three-piece suite comprising; - shower cubicle, WC and wash basin.
The inner hallway provides access to a boarded loft which is complete with retractable ladder and offers a useful additional storage space and has potential for further development.
Externally, the front garden is laid to lawn with established plants and bushes to the borders. The driveway provides ample off-street parking and leads to a single garage which is complete with fitted light and power. The rear garden is fully enclosed, having a small lawned area and twin patio areas it is an ideal space for relaxing or enjoying a barbecue.
Local Authority, Council Tax Band & Covenants
Leeds City Council
Council Tax Band B
Tenure, Services & Parking
Freehold
All mains services; central heating
Garage and parking for two cars
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: £ 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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