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£700,000
Bedrooms
Bathrooms
A Handsome Period Detached Home In Need Of Renovation With Exceptional Potential - No Chain.
Located on a sought-after road in Gatley, this handsome detached home offers fantastic renovation potential. Extended on the ground floor, it features two reception rooms, a kitchen, utility, and a versatile extension with a dining room, drawing room, home office, and bathroom. Upstairs, four bedrooms and two bathrooms provide ample space. Outside, theres a driveway for two cars, lawned gardens, and a useful store/garage. A superb opportunity to create your dream home - early viewing recommended!
Nestled on a sought-after residential road in Gatley, this impressive period detached property offers a rare opportunity for discerning buyers. Significantly extended to the ground floor, the home boasts a wealth of space and versatility, making it an exciting prospect for those looking to update and renovate to their own taste.
Upon entering, you are welcomed by an entrance hall leading to two bay-ftonted reception rooms. A separate kitchen and utility area provide further practicality, while the extension - accessed via the living room - adds three additional rooms, currently configured as a dining room, drawing room, and home office, these areas are serviced by a family bathroom.
The first floor features four well-proportioned bedrooms, complemented by two additional bathrooms, ensuring ample space for family living.
Externally, the property benefits from two driveways (one to the front and the other accessed from the side and is surrounded by established lawned gardens. A useful external store/garage completes the offering.
With no onward chain, this charming home presents a fantastic opportunity for a buyer with vision to create a truly stunning residence. Early viewing is highly recommended.
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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