3 bedroom semi-detached for sale

£220,000

3

Bedrooms

1

Bathrooms

Floorplan

This newly decorated and refurbished semi-detached property consists of an entrance, lounge, kitchen diner, utility, cloakroom, 3 bedrooms, family bathroom and gardens to the front and rear.

Available with no onward chain, this spacious semi detached family house is situated just a few minutes walk away from the Flemingate Development which offers many local amenities including an array of high street and independent shops, a variety of bars and restaurants, a six screen cinema and a 24 hour gymnasium. Lidl Supermarket is only a 5 minute walk away and a handy petrol station where you can pick up your last minute supplies is even closer. Public transport links are excellent with bus stops just a stones throw away and the railway station a short walk.

The property is set back from the road with off street parking for 2 cars. The front hedge provides an element of privacy as well as marking the boundary. There is a lawn and a selection of plants to add a splash of colour and a gate leads to the rear garden.

Once inside, you will find the stairs in front of you and the lounge to the left.

The lounge is a light and airy space thanks to the bay window. The addition of a log burner not only creates a cozy feel but also provides a focal point when deciding where to place your furniture. The lounge leads through to the kitchen diner.

The kitchen diner is the perfect space to entertain family and friends. The kitchen has a good range of base and wall units with contrasting countertops. There is a gas hob with double oven below, integrated fridge and space for a dish washer. The dining area has ample space for dining furniture. Weather permitting throw open the double doors and carry the socialising out to the garden.

The garden is a good size and can be enjoyed by all members of the family, whatever their age. Timber fencing marks the boundary and provides an element of privacy.

To the side of the kitchen you will find the utility room and the cloakroom.

The utility room has space for a washing machine and drier.

The cloakroom has a wash hand basin and WC.

Upstairs you will find three bedrooms and the family bathroom.

Bedroom 1 is to the front aspect and is a double.

Bedroom 2 is to the rear aspect and is a double.

Bedroom 3 is to the front aspect and is a single.

The bathroom, which is fully tiled, has the convenience of a shower over the bath. The wash hand basin is housed in a vanity unit, which provides handy storage and helps to keep the area clutter free.

Please take a moment to study our 2 D and 3 D colour floor plans and browse through our photographs. Book your viewing with us today and we will be delighted to show you around.









Features
  • Freehold

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

£ 173200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 5500
  • 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

£ 8200
  • 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

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£
  %

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

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  %

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

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