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£129,995
Bedrooms
Bathrooms
Location:
This three-bedroom home is in the Brierfield area and is accompanied by several multi-family homes and small businesses.
Description:
As you walk into the house, you will enter the very first reception room, which is wide and cosy room with a modern and unique built-in fire place and has got double-glazed windows. The reception room also includes a chandelier, as shown in the pictures, which enables a vast amount of lighting into the room. There are also a kitchen and a conservatory on the ground floor.
Due to the size these two reception rooms offer, they are excellent for anybody looking to purchase with a family. The next reception room also has a light, open area with a built fireplace that is fantastic for the winter months. On the ground level, there is a modern kitchen with a contemporary flair that is fully tiled and equipped with a stove and oven. A big conservatory is located next to the kitchen and is perfect for storage or may be transformed into a dining area or extra living space.
On the first level, there are three bedrooms, a bathroom, and an en suite. The first bedroom is a spacious room with two broad windows that are fully glazed; it can accommodate two beds and has space for any storage cabinets. The bathroom next door has been recently refurbished and is completely tiled with an integrated bath and shower. Moving on, we have the second bedroom, which is a little bit smaller compared to the first but still has enough space to be a bedroom, and it has fitted closets which gives the room more space. It also has a huge vanity sink with a broad mirror and a towel radiator.
The third bedroom is a spacious room with two huge windows and a recently refurbished en suite that also has plenty of space. It includes a double shower enclosure with an extractor fan and a wide vanity basin. This room also has a stunning chandelier that gives it flair and adds additional light.
Measurements:
Reception room 1: L= 4.27 x W=3.67
reception room 2: L= 4.33 x W= 3.29
kitchen: L= 2.63 x W= 3.55
conservatory: L= 2.67 x W= 2.24
bedroom 1: L= 3.96 by 4 x W= 3.96
bedroom 2: L=4.34 x W= 3.68
bedroom 3: L= 3.95 x W= 2.64
Bathroom: L= 2.47 x W= 1.64
En suite: L= 2.8 x W= 1.59
Please dont hesitate to get in touch with Empire Estate if you have any questions or are interested in 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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