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£235,000
Bedrooms
Bathrooms
Situated within the sought-after Three Lamps development in Lower Totterdown. Conveniently positioned, it boasts a mere fifteen-minute stroll to Temple Meads Station and is also on a regular bus route into Bristol, Gloucester Road, out to Wells and Bath, and the villages along the A37. Furthermore, the locale is adorned with an array of delightful amenities, including an eclectic mix of cafes, restaurants, pubs and independent shops lining the Wells Road. Noteworthy establishments include Fox & West, Bake House, Floriography, Bank, and the esteemed Farrows Fish & Chips, recipient of various accolades. There is real sense of community which is epitomised by the long running Totterdown Arts Trail which takes place each November.
Abundant green spaces grace the vicinity, ranging from the serene Victorian allure of Arnos Vale, complete with a charming caf at its heart, to the breath-taking views of balloons that can be spotted from Perrett Park. Additionally, the sprawling 51 acres of the picturesque Victoria Park provides a verdant sanctuary just 5 minutes walk away.
Access to the property is granted through its private front door into the hallway which has a large storage cupboard. The interior unfolds with a generously proportioned sitting/dining room with expansive views through its windows to the iconic multi-coloured Totterdown houses, a separate kitchen and two double bedrooms, one of which can be adapted for home working. A well-appointed bathroom with a storage cupboard, complete the internal ensemble.
Externally, the property boasts a highly coveted allocated parking space, its own enclosed front garden and there is also access to a communal drying & bin area.
Living Room - 4.89 x 4.50 angled walls (160' x 149' angled wal -
Kitchen - 3.40 angled walls x 2.65 (111' angled walls x 88 -
Bedroom One - 3.90 x 2.44 (129' x 80') -
Bedroom Two - 3.64 x 1.90 onto wardrobes (1111' x 62' onto war -
Bathroom - 2.02 x 1.95 (67' x 64') -
Tenure - Leasehold - Lease Start Date 20/05/1993
Lease End Date 21/05/2118
Lease Term 125 years from 21 May 1993
Lease Term Remaining 93 years
Council Tax Band - B -
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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