3 bedroom semi-detached for sale

£185,000

3

Bedrooms

2

Bathrooms

Floorplan

For sale is this neutrally decorated semi-detached property. It offers a well-proportioned layout with three bedrooms, two bathrooms, one kitchen, and one through reception room.

As you enter the property, you will be welcomed to a generous reception room, enriched with large windows that flood the space with natural light. This room also features an inviting fireplace, perfect for cosy evenings, and a dining area that seamlessly blends with the reception area. The reception room further extends to provide access to a splendid garden, creating an ideal space for indoor-outdoor living.

The house comes with a practical kitchen, ready to cater to your culinary needs. One of the bathrooms is conveniently located on the ground floor and is designed as a shower room, offering convenience.

Upstairs, there are three bedrooms, offering ample space for a growing family or for accommodating guests. The property also boasts a utility room, an essential space for modern living.

One of the standout features of this property is the presence of parking, a rare find and a real advantage. The garden is another significant feature, offering a serene outdoor space for relaxation or outdoor activities.

Located in a neighbourhood with excellent public transport links, nearby schools, and local amenities, this property is ideally situated. Added to this, the property comes with no upward chain, making the buying process smoother and quicker.

This semi-detached house, with its unique features and favourable location, presents an excellent opportunity for those looking to secure a comfortable and convenient home.

Please note the house is built from concrete, signifying a non-standard construction and may require a specialist mortgage lender.

EPC rating: C. Tenure: Freehold,

Map location is not available for this property.

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

£ 146075

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
    £ 4625
  • 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

£ 7325
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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