3 bedroom end of terrace for sale

£250,000

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan

Available with the advantage of NO ONWARD CHAIN and situated within the heart of the sought-after village of Cannington, is this spacious, three bedroom end-terraced property in need of general modernisation.

AT A GLANCE
End Terraced Property
Three Bedrooms
First Floor Bathroom & WC
Lounge
Kitchen/Diner
Ground Floor WC & Utility Room
Timber Framed Conservatory
Front Garden
Enclosed Rear/Side Garden


ACCOMMODATION
This spacious property briefly comprises: entrance porch, hallway, lounge, kitchen/diner, conservatory, utility room and WC to the ground floor. Arranged on the first floor and accessed from the landing are three bedrooms, bathroom and a separate WC.

Externally, there are well-established and generously sized gardens to the front, side and rear aspects.

LOCATION
Cannington is home to various shops such as butchers, bakers, public houses, primary school, village hall, church, golf course, equestrian centre and Bridgwater Agricultural College, including Cannington walled gardens. Road access to the village is excellent, with the A39 providing easy access between West Somerset and Bridgwater/the M5 Motorway. By road Bristol is less than 40 miles away and Exeter just under 50 miles.

Cannington is situated approximately 2 miles from the busy town of Bridgwater which offers a full range of amenities and facilities including supermarkets, shops, a library, secondary schools, sports centres, a cinema and a theatre. It also has a mainline railway station. Bristol by rail from Bridgwater is about 51 minutes. Taunton mainline railway station is 12 miles from Otters Brook and has regular fast intercity services direct to Bristol Temple Meads and London Paddington with journey times of 32 minutes/1 hour 45 minutes respectively.

Nearby popular attractions include the medieval village and National Trust castle at Dunster, the Victorian seaside town of Minehead, Hestercombe House and Gardens on the outskirts of Taunton, the West Somerset heritage steam railway and traditional former fishing villages found along the coastline.

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

£ 208950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 6250
  • 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

£ 21450
  • 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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