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£265,000
Bedrooms
Bathrooms
Introducing this charming two-bedroom double bedroom house, located in the serene neighbourhood of Chandlers Ford.
This delightful residence offers a perfect blend of comfort, convenience, and community living. As you step into the property, youll immediately notice the welcoming ambiance and thoughtfully designed interiors. The spacious living area provides an inviting space to entertain guests or relax with loved ones. Large windows flood the room with natural light, creating a warm and cheerful atmosphere.
Situated in Chandlers Ford, youll have easy access to local shops, parks, and essential services. A rare opportunity to embrace comfortable, hassle-free living in a vibrant community setting. Dont miss the chance to make this your new home and enjoy the best of what retirement living has to offer.
ENTRANCE HALL Stairs to first floor, under stairs storage cupboard.
SHOWER ROOM Fully tiled shower cubicle, wash hand basin, low level WC.
LOUNGE 17 7' x 9 9' (5.36m x 2.97m) Window to the front.
DINING ROOM 9 7' x 8 5' (2.92m x 2.57m) Patio doors to the private terrace area.
KITCHEN 13 0' x 9 4' (3.96m x 2.84m) The kitchen comprises of a single drainer sink unit, plumbing and space for washing machine, range of matching wall and base units, built in larder, space for under counter fridge and freezer, window to the rear.
FIRST FLOOR LANDING Access to loft space with loft ladder and light.
BEDROOM ONE 12 10' x 12 3' (3.91m x 3.73m) Built in airing cupboard and built in double wardrobe, window to the front.
BEDROOM TWO 9 10' x 9 5' (3m x 2.87m) Velux window.
BATHROOM Comprising panel bath, pedestal wash hand basin, low level WC, partly tiled surround and Velux window.
OUTSIDE To the front there is a small lawned area, flower and shrub beds and to the rear garden there is a private patio area overlooking the communal gardens. Allocated parking space.
LOCAL AUTHORITY INFORMATION Test Valley Borough Council
Tax Band C
Tenure: Leasehold
Leasehold - 125 years from 31 December 1988
Ground Rent - 400 a year as part of the leasehold it is scheduled to 200 every 6 months, in 2032 it is due to double
Service Fee - 1100 for 2023. This is the fee for managing the communal areas, exterior of the property and building insurances. Every year this is reviewed in December and the budget is redone, so this could change. The gutters are maintained by the property company too.
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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