3 bedroom detached for sale

£290,000

3

Bedrooms

1

Bathrooms

Floorplan

''' NO ONWARD CHAIN''''



We are pleased to offer for sale a three bedroom detached home located on the sought after residential development of Seddons Farm, situated between Ainsworth Village and Bury Town Centre, with access to all local amenities whilst also being in a prime location for enjoying countryside walks and within close proximity to highly regarded schools.



This property has three well sized bedrooms and three reception rooms; an excellent amount of space for a growing family. The Accommodation to the ground floor comprises; An entrance hallway leading to the Dual Aspect Living Room which lets in an abundance of light from the windows to the front & back. From the Living Room, the Sitting Room is accessible which houses sliding patio doors leading out to the rear garden and stairs that lead to the first floor. A further reception room is on the ground floor which is currently being utilised as a Dining Room.



The kitchen is at the front of the property and is traditional in style with wall and base units fitted and contrasting worktops. There is space for a washing machine and fridge freezer with a built in electric oven and gas hob.



To the first floor the main bedroom and second bedroom are to the rear, with the main bedroom benefitting from fitted wardrobes. The third bedroom is to the front along with the Bathroom which houses a 3 piece suite; a shower cubicle, low level WC and hand wash basin.



The property sits on a good sized plot which is made up of a driveway to the front allowing off road parking for multiple vehicles leading to the garage. To the rear is a private garden which is laid to lawn and not overlooked.



Additional Information

Tenure: Leasehold

Lease Length: 999 years from 1962

Ground Rent 15pa

Council Tax: D

EPC Rating: TBC





IMPORTANT NOTE TO PURCHASERS:

We endeavour to make our sales particulars an accurate and reliable reflection of the property. They do not however constitute or form part of an offer or any contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. You should confirm the boundaries and land ownership of the property with your legal representative. All measurements have been taken as a guide to prospective buyers and are not precise. Please be advised that some of the details in the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings unless specifically stated are to be agreed during negotiations with the seller.

Ground Floor

Living Room

18 1 x 11 6 (5.5m x 3.5m)

Sitting Room

8 6 x 12 6 (2.6m x 3.8m)

Dining Room

7 7 x 10 6 (2.3m x 3.2m)

Kitchen

9 2 x 9 10 (2.8m x 3m)

Garage

17 5 x 12 2 (5.3m x 3.7m)

First Floor

Bedroom 1

10 10 x 11 6 (3.3m x 3.5m)

Bedroom 2

12 6 x 9 6 (3.8m x 2.9m)

Bedroom 3

6 7 x 8 6 (2m x 2.6m)

Bathroom

5 7 x 6 3 (1.7m x 1.9m)

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

£ 241950

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
    £ 7250
  • 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

£ 24450
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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