3 bedroom end of terrace for sale

£160,000 OIRO

3

Bedrooms

1

Bathrooms

2

Reception

This spacious end terraced house offers so much potential. With three bedrooms and two reception rooms, once it has been modernised it will be a great first step on the property ladder for a first time buyer or a brilliant buy to let investment. Call to arrange a viewing as soon as possible to avoid missing out on it.

This property offers so much space internally. On the ground floor there are two very good size reception rooms and a larger than average kitchenfor this type of property. On the first floor there are three bedrooms and a family bathroom.

The property requires modernising and when completed it will make a lovely family home ideal for both first time buyers and property investors looking for a rental property in a popular area of Preston where the rental demand is high.

There are excellent transport links including bus routes, schools, shops and amenities on the doorstep of the property. Preston city centre and the motorway junction are within a short drive.

This is a freehold property.

Council tax band - A

EPCrating - F

Whenever we bring terraced houses to the market for sale there is a lot of interest in them from buyers so call to arrange a viewing before it sells.

Please contact Kingswood.

Fulwood Office:

01772 717181

77 Watling Street Road, Fulwood, Preston, PR2 8EA

[email protected]

www.kingswoodproperties.co.uk

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Ground floor

Entrance hallway 5.10 x 1.83 m (169 x 60 ft)
Entrance door, ceiling light point, double glazed window, stairs leading to the first floor, door leading to the front reception room, door leading to the rear reception room, door leading to the kitchen and a radiator.

Front reception room 3.99 x 3.73 m (131 x 123 ft)
Ceiling light point, picture rail, double glazed window and a radiator.

Rear reception room 4.01 x 3.93 m (132 x 1211 ft)
Ceiling light point, double glazed window and a radiator.

Kitchen 6.49 x 1.84 m (214 x 60 ft)
Ceiling light point, entrance door leading to the rear yard, two double glazed windows, wall and base units with contrasting work surfaces, hob, extractor, built-in oven and a radiator.

First floor

Bedroom 1 3.96 x 3.95 m (1212 x 1212 ft)
Ceiling light point, double glazed window and a radiator.

Bedroom 2 3.98 x 3.72 m (131 x 122 ft)
Ceiling light point, double glazed window and a radiator.

Bedroom 3 2.14 x 1.84 m (70 x 60 ft)
Ceiling light point, double glazed window and a radiator.

Bathroom 2.60 x 1.77 m (86 x 510 ft)
Ceiling spotlights, single glazed window, bath with shower over, low level WC and a hand wash basin.

Landing 2.73 x 1.81 m (811 x 511 ft)
Ceiling light point and stairs leading down to the ground floor.

External
At the rear and side of the property there are yards and at the front there is on street parking.

Disclaimer
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.



Features
  • Freehold

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

£ 126700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 4000
  • 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

£ 6700
  • 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

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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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