Are you an Estate Agent? Register here
£500,000
Bedrooms
Bathrooms
This detached period house is located in the well served village of Outwell which is situated between the towns of Downham Market and Wisbech. The house is offered in good order and benefits from a high quality kitchen with a range oven and quartz worktops. On the ground floor there are plenty of reception rooms including a vaulted ceiling living room with bi-folding patio doors and a double sided fire place with a wood burner separating the dining room. There is a games room with a wood burner and a lovely open plan kitchen/breakfast room which has bi-folding glazed doorsonto the outdoor seating area. Off the kitchen there is a snug area and a good size utility room. On the ground floor there is an additional external door to a seating area which the current owner uses as a waiting room for her business as a physiotherapist. There is also treatment room and wet/shower room which has potential for various uses. On the first floor the main bedroom has an en-suite which has been recently replaced, there are then 3 further bedrooms and a good sized family bathroom. Outside there is a generous driveway and turning area with double gates providing access to the rear. To the rear is a large enclosed garden mainly laid to grass with a barbeque and seating area. A great size home which must be viewed to fully appreciate all it has to offer.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy