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£260,000 Offers in excess of
Bedrooms
Bathrooms
A well located 3 bedroom semi-detached house situated in the desirable village of Creech St. Michael, within easy reach of Taunton, the M5 and A358/A303. Property would benefit from modernisation and potential to extend. No onward chain.
Internal:
Property is a trusteel frame, comprises of enclosed entrance porch leading into hallway featuring stairs to first floor and with under-stairs storage. Separate access off hallway into Living room and Kitchen. Ground floor reception rooms consist of ample living room with large window to front of property with gas fire. To the rear is an open but distinct dining area complete with wooden bi-fold door to kitchen, and sliding patio doors leading to the rear of the property. Whilst modernisation would be beneficial the kitchen features fitted countertop units with cupboards above and below, sink with window overlooking rear garden, freestanding cooker with gas supply, space for washing machine and separate spacious larder. There is also an external door to the side of the property leading to garden or driveway. Stairs lead to the first floor landing which benefits from a window giving good views and natural light. Off the landing is an airing cupboard for storage and which houses a Valiant combi-boiler. Access to roof space is from the landing via drop-down folding loft ladder. Bedrooms comprise of a principal bedroom to the front of the property, adjacent to a sizeable single bedroom with integral storage. There is a second double bedroom to the rear of the property overlooking the rear garden with west-facing aspect. The property benefits from its original arrangement of separate bathroom and toilet. Bathroom features oversized shower with glass enclosure, semi-concealed wash hand basin with storage below and separate tall storage/shelving unit.
West View occupies an extremely convenient location on the western edge of the village of Creech St Michael. Local amenities include shops, various churches, a pub, primary school and a newly built medical centre just a short distance from the property. Taunton, the County Town of Somerset, is approximately four miles to the west and includes an excellent shopping centre with a number of well-known high street stores, good recreational facilities and many respected independent schools. Communications are superb with easy access to the M5 motorway providing fast and easy access to the rest of the country and the A303, providing connections to London, Exeter and Bristol. This part of Somerset is well known for its spectacular hills which provide endless walking and riding opportunities.
The front of the property is set back with garden comprising of grass, borders, and shrubs. There is a tandem double block paved driveway with low brickwork wall to front garden. There is an oversized garage detached from the main house with power and light fitted. Secure access to side of property between main house and garage. To the rear of the property is a west-facing manageable, mature garden comprising of lawns, borders, shed, greenhouse, and covered patio. Rear access to the garage, kitchen, and dining room from garden. The house is a Truststeel construction
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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