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£495,000
Bedrooms
Bathrooms
Entering through a refitted uPVC front door the hallway provides access in to the living room, kitchen/dining room and stairs to the first floor. The cosy living room is of front aspect, laid to carpet and has a feature fire place. The hub of this family home is a dual aspect open plan kitchen/dining room created by the removal of a wall between the two rooms. The refitted kitchen features a range of eye and base level units with rolled edge work surfaces. There is an integrated dishwasher, integrated fridge/freezer, stainless steel sink with drainer and mixer tap, electric oven and an electric hob with extractor fan over. There is a breakfast bar proving a social space to sit for a quick bite. The dining room provides ample space for a six seater table for more formal occasions and entertaining. A door leads to the utility room which houses a washing machine and condensing tumble dryer as well as handing space for coats, hats and dog accessories with a door leading in to the rear garden. A further door leads in to the downstairs cloakroom that features a low level w/c with push button flush and hand wash basin with mixer tap.
Stairs lead to the first floor on with three bedrooms and a shower room are located. Bedrooms one and three are of rear aspect with bedroom one benefiting from a large fitted wardrobe. Bedroom two is of front aspect and is a comfortable double. The shower room has recently been refitted and features a low level w/c with push button flush, heated towel rail, hand wash basin with mixer tap and a double tray Mira shower with waterfall style head and wall mounted temperature control.
Externally the property benefits from a generous, non-overlooked rear garden. The rear garden is mainly laid to lawn and patio with mature borders. The patio area has been recently installed and provides and fantastic location for outdoor entertaining. A courtesy path leads to a studio which is insulated and has its own power making ideal for those working from home. To the front the property has a gated driveway generous enough for three cars, a large area laid to lawn, flower beds and a single garage.
Sellers position: Looking to purchase onward.
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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