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£150,000
Bedrooms
MID TERRACED HOUSE | POPULAR AREA | THREE BEDROOMS
Jan Forster Estates welcome to the market this mid terraced house located in a popular residential area. The property is close to a good range of local facilities and public transport links, and is offered for sale with the benefit of no upper chain.
This home briefly comprises to the ground floor: entrance hallway, spacious lounge with feature fireplace, kitchen-diner with access to the rear garden, and a handy WC. Off the landing to the first floor, you can find a handy cupboard for storage and three bedrooms- the main one with a storage area, as well as the family bathroom WC with shower over the bath.
Externally, there is a small lawned garden to the front, and to the rear- you can find a garden with lawn and patio areas, and outdoor storage.
For more information and to book a viewing, please, call our Gosforth team on[use Contact Agent Button].
Tenure
The agent understands the property to be freehold. However, this should be confirmed with a licenced legal representative.
Council Tax band 'A'
Lounge - 4.95 x 3.5 (162' x 115') -
Kitchen-Diner - 5.41 x 2.94 (178' x 97') -
Bedroom One - 4.49 x 2.53 (148' x 83') -
Bedroom Two - 3.2 x 2.89 (105' x 95') -
Bedroom Three - 2.89 x 2.09 (95' x 610') -
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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