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The Tannery, 91 Kirkstall Road, Leeds
£64,000
Bedrooms
Bathrooms
Excellent access to public transport with mainline train stations within walking distance giving access to other cities such as Leeds, Dewsbury and Doncaster.
Main Entrance
Communal entrance leading to the main staircase
Entrance
The entrance hall leads to the lounge, bedroom and bathroom. Laminated flooring
Lounge
Excellent size lounge, UPVC windows overlooking the car park, laminate flooring, and video intercom. The lounge leads to the kitchen through a large archway.
Kitchen
Good size kitchen with chrome gas hob, separate oven, extractor hood, wall and base mounted units.
Dining area with ample room for dining table. UPVC window letting in plenty of natural light
Bedroom
Double bedroom with UPVC double glazed window, fitted carpet.
Bathroom
Good size three-piece suite, white panel bath with overhead shower, low flush WC and separate hand wash basin. The bathroom is fully tiled, storage cupboard with clothes dryer
Council Tax - band A
Leasehold Information
Number of years remaining on the lease: 108 years
Current ground rent and any review period:
- 162 per year
- 3 years
Current service charge and any review period:
- 74 per month
- 3 years
Council tax band: A
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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