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£264,000
Bedrooms
Bathrooms
Offered with no onward chain is this three-storey town house which is situated on the popular Ravenswood development, which provides good access to the A14/A12 trunk roads. There is a garage and parking
Situated on the popular Ravenswood development, which offers excellent access to the A14/A12 trunk roads, is this modern three bedroom town house which is offered with no onward chain. The property has been modernised throughout with an open-plan living/dining/kitchen space with integrated appliances, gas central heating (not tested), double glazed windows and there is also garage and parking located in a nearby block.
The entrance porch leads into the hallway which has stairs to the first floor. There is a cloakroom comprising a WC and basin. To the rear of the hall there is a door into the L-shaped open-plan sitting/dining/kitchen space. The sitting/dining space has patio doors to the rear garden and a wood effect floor. The kitchen area is equipped with a range of modern base units, work tops and drawers along with shelving with lighting. Integrated appliances include a four-ring gas hob, electric oven and extractor hood over, fridge/freezer and a washing machine.
The landing has stairs to the second floor and access to bedrooms two and three, both of which are located to the rear. There is a family bathroom comprising of a bath, basin and WC.
The second floor landing provides access to the main bedroom which has a window to the front.
To the front of the property there is an open-plan garden which has shrub borders.
To the rear there is a garden which is predominantly laid to lawn with a patio area and to the rear of this there is a gate which gives access to the garage and parking area. There is a single garage which has an up/over door to the front elevation, power connected and a parking space to the front.
Council Tax Band - C
Services - We understand that mains water, drainage, gas and electricity are connected to the property.
Tenure - Freehold
EPC rating - C
Our ref - RMB
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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