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£325,000 Guide Price
Bedrooms
Bathrooms
A unique opportunity to acquire a mixed use (Class E) property in the heart of the thriving market town of Langport three bedrooms, two bathrooms, off street parking and large plot.
A unique opportunity to acquire the freehold of a superbly situated property with mixed use. Located prominently on Langports Bow Street and offers accommodation across three floors in a plot 0.21 acres that includes a large garden, parking and a car port.
The main shop accessed from Bow Street currently has a wooden floor and plenty of electrical socket points and also has access to all the lower rooms to include the utility area and downstairs WCs. The store room at this moment is retained by the maisonette. On the first floor is a large living room well illuminated by two front facing windows. A good sized kitchen diner at the rear hosts a range of base and wall level units and space for utilities. Two further rooms on this floor could act as separate studies or an additional bedroom if required. On the second floor are three double bedrooms all with storage in the eaves and the master has its own ensuite shower room. A family bathroom with bath, WC and hand wash basin complete the accommodation on the upper floors.
Externally Victors benefits from parking to the rear accessed through the archway to the left of the building. An area of hardstanding directly out the back of the property houses the detached carport.
The garden then extends to the moor behind and is mostly laid to lawn. At the end the plot extends Westward and has an existing, but disused access out on to the moor.
The property is situated within the Conservation Area on Bow Street, Langport, and is just a short distance from the ancient parish church of All Saints and the iconic Hanging Chapel. The busy market town of Langport has many amenities including supermarket, banking and post office services, primary school, doctors and dentists surgeries, library, veterinary surgery, hotel, inns and numerous cafes. Huish Episcopi Academy (11-18) is within walking distance of The Hill and in addition are several excellent state and independent schools and colleges within reasonable driving time
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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