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£450,000 Guide Price
Bedrooms
Bathrooms
An attractive, deceptively spacious four bedroom semi-detached family house offering accommodation over four floors, situated in the centre of the popular Market Town of Masham, with gardens to the front and rear. The latter enjoying an open aspect.
Currently in use as a successful holiday let, this fabulous property is perfectly set up to sleep seven people over accommodation of four floors. With two bathrooms a generous sized back garden, a neat front garden and the option to buy furnished, the property is perfectly positioned for any investor looking to turn the key and continue the excellent holiday letting rewards this property enjoys. Of course the property will also be most suitable for any growing family looking for their forever home in one of Yorkshires finest market towns.
An internal viewing is highly recommended to appreciate this attractive, three bedroom, semi-detached house . The property retains many individual and character features. The well-presented accommodation comprises: Reception hall, lounge, sitting room, study/bedroom four, farmhouse style dining room/fitted kitchen, cloaks/WC, utility room, two bedrooms, en-suite bathroom and house shower-room on the first floor and third bedroom on the second floor. Further advantages include a superb outlook to the rear sports fields and countryside beyond, uPVC double glazed windows, and gas heating.
The rear of the property occupies a good size garden which can be approached from the back kitchen door leading immediately to a pleasant stone flagged patio seating area, perfect for barbeques and summer evening entertaining. Beyond is a lovely lawned garden surrounded by trees, shrubs, and neat boarders. The garden further benefits from an open fronted summerhouse which provides a perfect retreat for enjoying a quiet moment to take in all the tranquillity and calm of rural north Yorkshire living.
Services
Mains gas, electricity, water and drainage are installed. Domestic heating is gas.
Parking
Off Road
Internet and Mobile Coverage
Information obtained from the Ofcom website indicates that an internet connection is available from at least one provider. Mobile coverage (outdoors), is also available from at least one of the UKs four leading providers. For further information please refer to:
Tenure
Freehold
Council Tax Band
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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