3 bedroom semi-detached for sale

£195,000 Guide Price

3

Bedrooms

1

Bathrooms

LOT 10 ''FOR SALE BY ONLINE AUCTION'' on 01/05/2025 09:30

A three bedroom semi-detached house situated to the west of Bedford town centre, close to amenities, transport links and the River Ouse. The property requires refurbishment throughout.

Local Authority Bedford Borough Council
EPC Rating C

Viewings
Taylors - Bedford

Freehold

Accommodation

Ground FloorExteriorEntrance Hall, 2 reception rooms, kitchen, WCFront & rear gardensFirst Floor3 bedrooms, bathroom


For viewing times, or agents details, please go to the Harman Healy website. Interested parties must rely on their own inspection. Measurements are not taken by the auctioneers.

LEGAL DOCUMENTATION can be downloaded for free from our website.

For VIEWING DETAILS please go to the Harman Healy website

Guide price definition - Guide prices are provided as an indication of the sellers current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition - The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.

GENERAL ENQUIRIES: Please read the important information below first and visit our website, which will answer most of your questions.

IMPORTANT INFORMATION

- Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.
- If you are the successful bidder, contracts are exchanged immediately upon the fall of the hammer.
- A 10% deposit subject to a minimum of 3,500 (whichever is the greater) is payable at the point of exchange, along with a 1,500 (including VAT) contracts administration charge.
- All bidders must register online, providing proof of identity (eg. current passport or driving licence) & proof of address (e.g. utility bill or bank statement). If buying in a company name we need a letter of authority on company letterhead, as well a proof of ID & address for a company director or secretary.
- The period allowed for completion of the sale varies but will usually be either 14, 21 or 28 days after the auction, depending on the terms of the contract.
- The golden rule is know what you are bidding on and make sure you have the necessary finance in place before attending the auction. Once you have successfully bid on a property you have entered into a legally binding contract

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

£ 153825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 4875
  • 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

£ 7575
  • 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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