2 bedroom semi-detached for sale

£169,950

2

Bedrooms

1

Bathrooms

1

Reception

REDUCED A spacious two bedroom TRUE BUNGALO,W with SOUTH FACING GARDEN. The property has recently been redecorated. Choice of new carpets CALL 01942 814666 TO ARRANGE A VIEWING. In brief the property comprises of entrance hall, Living room, kitchen with fitted units, two bedrooms and a family bathroom. EXTERNALLY are gardens to the front side and rear with planted shrubs and borders. There is a detached garage and driveway. Close to all amenites and provides easy access to WESTHOUGHTON TOWN CENTER AND THE M61 motorway

Entrance
Flagged path to the Front Entrance with UPVC panel door.
Entrance Hall
Compact area with access to the Living room, fitted with gas central heating radiator, power points, central light fitting and storage room which provides access to the loft space. The alarm and the meters are housed in the storage room.
Living Room
Spacious and recently decorated room with feature fireplace fitted with electric fire UPVC window to the front, gas central heating radiator, power points, central light fitting, door to the kitchen
Kitchen
Fitted with wall and base units and complementary work surface, fitted oven with hob and extractor hood over, stainless steel sink with drainer, space for washing machine and fridge freezer,UPVC door to rear, UPVC double glazed window to the side, power points gas central heating radiator.
Inner Hallway
Leading to bathroom and both bedrooms
Bedroom 1
Located to the rear of the property a spacious room recently decorated, with UPVC double glazed window, gas central heating radiator, power points
Bedroom 2
Spacious room recently decorated with fitted robes, UPVC double glazed window, gas central heating radiator, power points =, central light fitting.
Family Bathroom
Fitted 3 piece suited comprising shower cubicle, wash hand basin , WC, UPVC double glazed window to the side, anti slip flooring, gas central l heating radiator
Externally
To the front is a paved pathway with low maintenance planted shrubs. The path leads to the front entrance and to the side of the property to the garden. The side is lawned with planted shrub borders. The rear is flagged and has access to the garage and driveway and is enclosed with fencing. The garage is detached with an up and over door. The drive is laid with stone.

Nearest Stations:

0.62 miles
Westhoughton
1.17 miles
Daisy Hill
1.32 miles
Lostock
1.62 miles
Hag Fold
2 miles
Horwich Parkway

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

£ 134411.25

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
    £ 4248.75
  • 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

£ 6948.75
  • 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

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  %
  %
£
  %

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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