4 bedroom semi-detached for sale

£450,000 Guide Price

4

Bedrooms

3

Bathrooms

ENTRANCE Via part glazed door to own

HALLWAY Fully tiled floor, single radiator, power points, stairs to first floor landing, doors to;

KITCHEN/DINER 18 63" x 17 74" (7.09m x 7.06m) Double glazed window and door to rear, tiled floor, power points, tiled splash backs, a range of wall and base units, with roll edge works surfaces, gas hob, electric oven, with overhead extractor fan, plumbed for washing machine, stainless steel sink drainer unit with mixer taps, space for dishwasher, door to

GROUND FLOOR W/C Single radiator, low flush W/C, wash hand basin.

FIRST FLOOR LANDLING Double glazed door to front, leading balcony, doors to;

LOUNGE 17 72" x 11 97" (7.01m x 5.82m) Double glazed window and door to rear, wood laminate flooring, power points, T/V point, telephone point.

SHOWER ROOM 7 84" x 6 06" (4.27m x 1.98m) comprising of 3 piece suite, shower cubical with mains shower, low flush W/C, pedestal wash hand basin with mixer taps, low flush W/C, tiled splash backs tiled floor.

BEDROOM TWO 11 06" x 10 93" (3.51m x 5.41m) Double glazed window to front, power points, single radiator

STAIRS TO FISRT FLOOR LANDLING Access to loft doors to:

MASTER BEDROOM 11 06" x 10 93" (3.51m x 5.41m) Double glazed window to rear, single radiator, power points, T.V point, doors to

DRESSING ROOM 4 10" x 4 03" (1.47m x 1.3m) Double Glazed window to rear, single radiator, fitted wardrobe

EN SUITE 5 98" x 6 10" (4.01m x 2.08m) 3 peice suite comprising of, low flush W/C, wash hand basin with mixer taps, shower cubical with mains shower, tiled splash backs.

BEDROOM 3 12 95" x 9 38" (6.07m x 3.71m) Double glazed window to front, single radiator, power points,

BEDROOM 4 8 59" x 8 06" (3.94m x 2.59m) Double glazed window to front, single radiator, power points.

BATHROOM 7 19" x 6 06" (2.62m x 1.98m) comprising of 3 piece suite comprising of, paneled bath with mixer taps and shower attachment, low flush w/c, pedestal wash hand basin, with mixer taps. tiled splash backs.

GARAGE 16 13" x 9 38" (5.21m x 3.71m) With up and over doors, power points.

GARDEN Approximately 50-60 feet, part paved laid to lawn, flower borders to side.

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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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