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£475,000
Bedrooms
Bathrooms
Entering through the front door the entrance hall provides access to the hallway and stairs to the first floor. The living room has a front elevation window, provides access to an under-stairs storage cupboard and flows nicely through to the dining area which comfortably fits a six-seat dining table and has doors leading to the rear garden. The kitchen has a range of eye and base level units with rolled edge work surfaces and has a rear elevation window looking to the garden. The downstairs cloakroom has a low level w/c and hand wash basin.
Three bedrooms and two bathrooms can be found on the first floor. The master bedroom has a front elevation window, two built in wardrobes, one over the stairs and another in a dressing area. From the dressing area the en suite shower room can be accessed. The en suite features a shower cubicle, low level w/c, hand wash basin and rear elevation window. Bedroom two and three both have a double built in wardrobe and are rear and front aspect respectively. The re-fitted bathroom completes the upstairs accommodation. There is a rear elevation window, low level w/c, hand wash basin and bath with shower over.
Externally the property has driveway parking and garage with up and over door. The rear the property has a garden laid to patio and mature flower beds. The garden enjoys fantastic views over the village that really have to be seen to be appreciated.
Sellers position: The seller is looking to relocate and will need to secure a suitable property.
This property includes:
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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