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£195,000
Bedrooms
Bathrooms
THREE BEDROOM MID TERRACE in a popular residential location. The property benefits from a conservatory, open plan ground floor space and a converted attic bedroom.
The next door property is also currently for sale and is owned by members of the same family. There is the potential (subject to necessary consents) to purchase both properties and create one large dwelling which would suit a growing family or multi generational set up.
394 Beacon Road - COUNCIL TAX BAND - C
EPC RATING - C
394 Beacon Road is a three bedroom mid terrace. The property is accessed through an entrance porch which has space and plumbing for a washing machine making it a versatile utility space. The hallway has stairs to the first floor and laminate flooring continues through to the kitchen which itself is open to a dining area. The kitchen has a range of fitted wall and base units with an integrated double oven and 5 ring gas hob. There is ample space for a large dining table and the room continues to a lounge with a bay window and feature fire place. To the rear of the property there is a pleasant conservatory which provides access to the garden. To the first floor there are two double bedrooms with fitted mirrored wardrobes and both enjoying fantastic far reaching views. There is a modern bathroom fitted with a walk in shower area, hand wash basin and W.c. The traditional third bedroom now has a staircase fitted which leads to the second floor and is currently utilised as an office space. To the second floor, a third double bedroom with two Velux windows. The property benefits from gas central heating and double glazing.
External - To the front of the property there is a well manicured lawn and an array of mature plants and shrubs along with a block paved drive way providing off road parking for numerous vehicles. To the rear of the property there is an enclosed garden with an outlook on to trees and views further afield. There are a number of vantage points to enjoy the garden from patio and decked areas.
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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