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£155,000
Bedrooms
Bathrooms
One Bedroom Terrace House | Cul-De-Sac Location Close to Hereford City | Private Driveway and Rear Garden | Great Potential, In Need of Modernisation | Sold with No Onward Chain
Located in Lower Bullingham within the southern city limits of Hereford. A popular residential area with a Cycle Path allowing great access to the centre of the City. Bus Routes and amenities nearby, to include shops, public houses and primary schooling. Close by is King George playing fields.
Situated in a popular residential area overlooking a green space, this one-bedroom mid-terrace house offers an excellent opportunity for those looking to add their own personal touch. In need of modernisation, the property benefits from a private driveway with ample parking and a generous rear garden featuring a large patio, gravelled area, spacious garden shed, and convenient rear pedestrian access.
Stepping inside, the open-plan entrance hall leads seamlessly into the kitchen area, which is fitted with a range of units and offers space for appliances. The adjoining living room is a bright and spacious area, featuring patio doors that open out to the rear garden and a staircase leading to the first floor.
Upstairs, the property comprises a well-proportioned bedroom with an additional dressing room or study area, providing versatile space to suit your needs. The bathroom includes a three-piece suite with a bath.
This property presents an exciting project for buyers seeking a home with great potential in a well-connected location.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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