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26 The Downs, Altrincham
£1,395,000
Bedrooms
Bathrooms
This attractive Victorian double fronted semi-detached home exudes character spanning four floors! The property is situated within the heart of Altrincham centre, with its many fashionable restaurants, bars and shops while the Metrolink/bus terminal is within walking distance for commuters. The approach to the front of the house is enhanced by the handsome decorative brickwork creating a striking appearance. The substantial accommodation on offer comprises six double bedrooms and three substantial bathrooms and is sure to impress purchasers who are seeking a large family home. Also worthy of note is the large garage which is approximately 33 ft in length and 18ft in width and which complements parking for several cars in the driveway. This offers a wonderful addition to a fabulous characterful home.
The property is well set back from the road behind mature hedge lined boundaries and a gravel driveway which provides off road parking for several vehicles. Internally the property offers a wealth of elegant accommodation retaining a good degree of original period features set out over the three floors and cellars below. In brief the ground floor comprises: welcoming entrance hallway with fitted cloakroom and access to cellars, bay fronted living room, kitchen diner, well proportioned separate formal dining room, utility room and downstairs separate W.C.
The first floor comprises: stairs/landing area, large master bedroom with jack and jill access to a modern shower room shared between this and bedroom two, third impressive bedroom with large en-suite bathroom and a useful study.
Stairs lead from the landing area to the second floor accommodation where you will find three further well-proportioned bedrooms and a four piece bathroom.
To the lower ground floor there are good size cellar chambers which offer ideal storage space with development potential (subject to the necessary permissions).
Externally the mature gardens wrap around three sides, with a gravel driveway leading to an impressive detached garage. To the rear the garden is mainly laid to lawn and a high tree lined border provides a good degree of privacy.
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.
26 The Downs, Altrincham
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