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£385,000
Bedrooms
Bathrooms
THREE BEDROOMS - THREE RECEPTION AREAS - VACANT POSSESSION
Offered for sale is this 3 bedroom family home situated in a popular residential cul de sac.
As experienced agents selling properties in the local area for over 30 years, we feel that this particular propertys accommodation layout will be favoured by a vast range of purchasers, especially families and those that work from home.
From viewing the propertys floorplan, those interested will note that the propertys ground floor accommodation has been altered from the original layout to provide additional extensive accommodation that could be used for a multiple of purposes.
A feature we as agents particularly like is the alteration of the original garage with the re design to incorporate the designated store and utility areas. With the additional extension added to the rear of the property we feel that with the relevant permissions this area could possibly be modified further into a studio for study and work or modifying into a home consultancy set up.
The layout and presentation of the kitchen would be described by many as being on point with modern trend, as it has space for two or more people to enjoy preparing food.
To the first floor, the accommodation consist of three bedrooms and a family bathroom.
The outside is an additional area that we as agents feel this property excels in comparison to other similar properties due to the amount of off road parking to the front.
As agents, we feel that although the property has been greatly added to by way of accommodation, those seeking to add their own individuality to a property are encouraged to view as there are areas that this could be done to.
As with some properties that are on the market photos do not do this property justice and an internal viewing is highly recommended.
Please call our office on with any enquiries AND to arrange a viewing.
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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