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£525,000 Offers over
Bedrooms
Bathrooms
An impressive, detached bungalow ideally situated in a highly sought after residential area. Having three bedrooms, two reception rooms and set in a generous plot it would be ideal for anyone looking to update a property to their own style and taste. Offered for sale with NO ONWARD CHAIN a viewing is essential to fully appreciate the potential.
An excellent opportunity to purchase and modernise this internally spacious bungalow to your own style and taste. Situated on a highly regarded street with excellent transport links and easy motorway access it is certain to appeal to a wide variety of potential purchasers and an early viewing is highly recommended.
The accommodation comprises, spacious entrance hallway, two reception rooms including a generous, full width living room, large kitchen leading to two internal storage space, three bedrooms, bathroom and separate WCs.
The kitchen has fitted wall and base units, ample worktop space, integrated gas hob, oven, grill, plumbing for an automatic washing machine and a convenient serving hatch to the dining room.
All three bedrooms are doubles and all benefit from having built-in or fitted wardrobes. The bathroom has a two-piece suite comprising bath, wash basin and linen cupboard, currently the adjacent WC is separate but with some remodelling it could be incorporated to create a larger bathroom.
Externally, the property sits in a generous plot with well-maintained gardens which are mainly laid to lawn with borders well stocked with established plants and bushes. Hedges to the front boundary provide a good degree of screening and privacy. The driveway provides ample off-street parking and leads to a larger than average garage which is complete with fitted light and power.
Local Authority, Council Tax Band
Leeds City Council
Council Tax Band D
Tenure, Services & Parking
Freehold
All mains services; central heating.
Garage and off-street parking.
Map location is not available for this property.
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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