3 bedroom terraced for sale

£289,950

3

Bedrooms

2

Bathrooms

Floorplan

Hyde Estates are delighted to offer this three bedroom terraced house for sale. This well appointed property features accommodation stretching over three floors and has low maintenance gardens to the front and rear. Offered with no onward chain.

Located just off Heys Road in a popular residential area within walking distance of Heaton Park and its Metrolink station. With an abundance of public transport links this property is a must view for first time buyers and those wanting to be close to Prestwich Village and all its amenities including; shops, schools and many independent bars and restaurants

Accommodation - Briefly comprising; entrance hall with stairs to the first floor, spacious bay fronted lounge with understairs storage cupboard and diner kitchen fitted with a range of wall and base units, contrasting worktops and tiled splashbacks. Inset sink unit with mixer tap, integral eye level double oven, four ring gas hob and extractor and integrated fridge feezer. Space for a dining suite and door to the rear garden. From the first floor landing are twho double bedrooms with the main front facing room featuring fitted bedroom furniture. The family bathroom is fittd with a three piece white suite of wc, washbasin and bath with overhead shower. To the second floor is the third bedroom with velux windows and ensuite. The modern ensuite includes bath with overhead shower, washbasin and wc.

Room Measurements - Entrance Hall
Living Room: 20`7' x 12`
Kitchen Diner: 14`4' x 10`9'
Bedroom 1: 14`7' x 12`8' at extremes.
Bedroom 2: 15`6' x 7`8'
Bathroom: 9`8' x 6`4'
Bedroom 3: 151' x 8`6' at extremes
Ensuite: 6`2' x 5`5'

Gardens - Enclosed rear yard which is fully paved and benefits from an outside tap, electric point and shed for storage. Paved front garden with shrubbery.

Additional Information - The property is serviced by a wall mounted combi boiler and has uPVC double glazed windows throughout. Fully alarmed.

Tenure - We understand from the vendor that the property is FREEHOLD.

Council Tax - Bury Council, Band A.

Fixtures & Fittings - Carpets, curtains, and light fittings available by negotiation. We have not tested any appliances or electrical items.

Viewings - All viewings to be arranged via Hyde Estates and Letting Agents .

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

£ 241908.75

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 7248.75
  • 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

£ 24446.25
  • 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

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  %

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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