2 bedroom terraced for sale

£195,000 Offers over

2

Bedrooms

1

Bathrooms

Floorplan

Updated and Refreshed Period Terraced Home | Two bedrooms | Large garden with Side access | Close to local amenities

Situated just West of Hereford city, the area is in easy access to local amenities including public house, range of local shops and retail park, as well as benefiting from a regular bus service into Hereford city where a further range of recreational and shopping amenities can be found. Hereford colleges are within easy access along with local primary and secondary schooling such as Whitecross High School and Trinity Primary School.

This charming two bedroom, very spacious terraced period property offers an idyllic blend of original character features and modern living. With a classic brick facade, large bay window and modern double glazing throughout, the property boasts an attractive exterior that perfectly reflects its timeless appeal.

Inside, the property offers super spacious and comfortable accommodation across two floors.

The ground floor features a large living room, a bright and airy dining room, and a modern fitted kitchen, all of which provide plenty of space for entertaining and everyday family life. Upstairs, there are two well-proportioned bedrooms, each with its unique charm and character, as well as a large family bathroom.

Period features such as high ceilings, original fireplaces, and picture rails have been preserved, adding to the propertys character and appeal which is difficult to find these days.
The property also benefits from a large and long private rear garden which provides a private, tranquil space to relax and enjoy the outdoors, having a mixture of patio and lawn.

Agent Note: The neighbouring properties have right of access across the rear garden of this property.

OWNERS COMMENTS
This charming two bedroom, very spacious terraced period property offers an idyllic blend of original character features and modern living. With a classic brick facade, large bay window and modern double glazing throughout, the property boasts an attractive exterior that perfectly reflects its timeless appeal.
The property is ideal for first time buyers and BTL investors and has undergone complete re decoration throughout and recently fitted carpets
Inside, the property offers spacious and comfortable accommodation across two levels. The ground floor features a large living room, a bright and airy dining room, and a modern fitted kitchen, all of which provide plenty of space for entertaining and everyday family life. Upstairs, there are two well-proportioned bedrooms, each with its unique charm and character, as well as a large family bathroom with a new bath and recently fitted Ideal boiler.
Period features such as high ceilings, original fireplaces have been preserved, adding to the propertys character and appeal which is difficult to find these days. The property also benefits from a large and long private rear garden and a patio area which provides a private, tranquil space to relax and enjoy the outdoors.
Located in a sought-after residential area close to the city center with unrestricted parking on Grandstand Road outside of the the property, this stunning property is ideally situated for local schools, shops and amenities. With excellent transport links, amenities nearby and public transport, this is the perfect family home for those looking for the perfect combination of period charm and prepared to add their own stamp onto the property.
Early viewing is highly recommended. Not to be missed !

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

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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
    £ 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

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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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