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£245,000
Bedrooms
Bathrooms
A two bedroom first floor maisonette with its own entrance and private west facing secluded rear garden presented in a peaceful location approximately 1 mile north of Caversham centre and 1.5 miles from Reading station. No chain
ENTRANCE
Personal steps to covered entrance porch with outside storage cupboard and front door to
RECEPTION HALL
With radiator
LIVING/DINING ROOM
With front aspect double glazed window, radiator, ornamental fireplace with electric heater, picture rails
FITTED KITCHEN
Comprising single drainer stainless steel sink unit with mixer tap and cupboard under, further range of both floor standing and wall mounted eye level units with laminated work surfaces and tiled surrounds, electric cooker point, plumbing for washing machine, gas boiler, radiator, rear aspect window and built in larder cupboard housing meters with side aspect obscure glazed window, access to loft hatch
BEDROOM ONE
With rear aspect double glazed window, radiator
BEDROOM TWO
With front aspect double glazed window, radiator
BATHROOM
Comprising panelled bath with mixer tap, shower attachment and glass deflector, wash hand basin, W.C., matching tiled walls, rear aspect obscure double glazed window, radiator
OUTSIDE
The property benefits from its own personal private garden, accessed from the side of the property with its own wrought iron gate, paved pathway, timber shed and patio area to the rear. Central lawned area with timber fenced enclosures, enjoying a westerly aspect 40ft x 40ft approx.
The front garden area has a central lawn with surrounding pea shingle, brick retained wall and wired fencing
There is a shared vehicular access for both maisonettes to the side of the property
TENURE
Leasehold
Original lease - 999 years
Lease remaining - 930 years
Ground rent - 150 per annum
APPROXIMATE MONTHLY RENTAL VALUE
1,350
SCHOOL CATCHMENT
Emmer Green Primary School
The Heights Primary School
Highdown School and Sixth Form Centre
COUNCIL TAX
Band C
FREE MORTGAGE ADVICE
We are pleased to be able to offer the services of an Independent Mortgage Adviser who can access a variety of mortgage rates from leading Banks and Building Societies. For a free, no obligation discussion or quote, please contact Stuart Milton, our mortgage adviser, on
LOCATION
This image is for indicative purposes and cannot be relied upon as wholly correct
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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