4 bedroom end of terrace for sale

£315,000 Guide Price

4

Bedrooms

1

Bathrooms

Floorplan

A deceivingly spacious four bedroom end of terrace property which has been modernised by the current owners and now benefits from a cellar which provides extra accommodation, all within a stones throw of Ripons market place and other local amenities.

Having undergone a preiod of modernisation by the current owners, this property is now offered to the market with gas-fired central heating and double glazing throughout.

Positioned at the end of this sought after residential area, the property now offers a cellar which provides a larger than average utility room, study and w/c. To the ground floor is a well-proportioned sitting room with log burner and a large kitchen with island and fitted appliances. Additionally there is a dining area, with built in wrap around seating. French doors give access to the rear yard. To the first floor is the family bathroom which houses a modern white suite with shower over bath. Additionally, there are three bedrooms with two of these doubles and a smaller bedroom which could be utilised as a nursery or office space. On the second floor is a large master bedroom with dormer style window plus a Velux window and ample space for freestanding wardrobes and storage. Additional storage is provided by the eaves which can be accessed through a hatch just outside the master bedroom.

Externally, there is a good-sized low maintenance rear courtyard garden and access can also be gained to the side of the house where there is an alleyway.

The nearby Ripon city centre is centred around a bustling market square with a weekly market. There are shops, banks, building societies and post office in the centre along with public houses, coffee shops, restaurants and nightlife, plus there is a large choice of supermarkets in Ripon. Primary schools are located within easy reach of the property, whilst there are two secondary schools in the city including the highly regarded Ripon Grammar School. There is a regular bus service on the A61, to Harrogate and Leeds, both are accessible by car too and provide more extensive amenities, rail links and international airport at Leeds/Bradford. The A1 is most convenient and gives access to the surrounding towns and cities, business centres and motorway network.

Leave the market square on Westgate and proceed to the junction. Turn right onto Blossomgate at the mini roundabout continue ahead. Immediately turn right onto Westbourne Grove and continue as the road bends left, and Rayner Street can be seen on your left hand side and the property can be found at the end of the street on the left hand side.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 262575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 7875
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 26325
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message