2 bedroom semi-detached for sale

£195,000 OIRO

2

Bedrooms

1

Bathrooms

1

Reception

TWO BEDROOM SEMI DETACHED PROPERTY IN SOUGHT AFTER LOCATION IN WESTHOUGHTON. In brief the property comprises entrance hallway, living room with patio doors to rear garden, fitted kitchen with space for fridge freezer and washing machine, two good sized bedrooms and a family bathroom. Externally there is a stoned garden to the front with garage and a good sized garden to the rear which is not overlooked.

ENTRANCE PORCH
Entered via UPVC double glazed door, the porch is of brick construction with UPVC double glazed windows. The gas and electricity meter is housed in the porch
ENTRANCE HALLWAY
Entered via UPVC door, with wood laminate flooring, central light fitting, power points, house alarm, access to kitchen and living room, stairs to first floor.
KITCHEN
Modern wall and base units in white, stainless steel sink with drainer, fitted oven, gas hob, hood over hob, space allocated for washing machine, space for fridge freezer, power points, central light fitting
LIVING ROOM
Good sized living area to the rear of the property overlooking the enclosed rear garden, wood laminate flooring, power points, central light fittings, UPVC sliding patio door to rear, understairs storage cupboard.
STAIRS AND LANDING
Stairs to first floor landing leading to two bedrooms and bathroom, central light fitting, power points, loft access.
MASTER BEDROOM
Spacious room located to the rear of the property with two UPVC double glazed windows, wood laminate flooring, heated with gas central heating radiator, power points, central light fitting
BATHROOM
Fitted with three piece bathroom suite comprising panel bath with hot and cold tap, wash hand basin (white) with hot and cold tap, WC (white), black vinyl flooring, central light fitting, UPVC double glazed window to the side.
BEDROOM TWO
Located to the front of the property, wood laminate flooring, UPVC double glazed window, heated with gas central heating radiator, power points, central light fitting, storage cupboard (over stairs)
EXTERNALLY
To the front is a driveway leading to single garage with up and over door, there is a stoned garden area. To the rear is a lawned area with flagged and decked patio areas. The rear is enclosed with fencing and benefits from not being overlooked.

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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