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2 Low Ousegate, York
£235,000
Bedrooms
Bathrooms
A well presented stone built three bedroom terraced home in a popular location close to Bingley town centre and Myrtle Park. Offering deceptively spacious accommodation, gardens and garage, the property is an ideal family home and viewing is highly recommended.
A well presented stone built three bedroom terraced home in a popular location close to Bingley town centre and Myrtle Park. Offering deceptively spacious accommodation, gardens and garage, the property is an ideal family home and viewing is highly recommended.
Bingley is a very sought after town steeped in history and is surrounded by quaint villages which architecturally havent been altered for hundreds of years. Bingley houses several Ofsted outstanding schools and attracts a wide range of residents, ranging from first time buyers looking to get on the property market in an area which typically holds its value very well all the way to families and elderly buyers looking for that Yorkshire country lifestyle without having to go too far from the city. Bingley is very sought after and should you need any more convincing, have a wander down the bustling high street and maybe stop for a cheeky drink or two. The accommodation, with gas fired central heating and UPVC double glazing, briefly comprises:
Entrance Hall
Staircase to first floor.
Living Room 123' x 148' (3.73m x 4.47m)
Bay window to the front aspect, wood burning stove, radiator. Open plan with:
Dining Kitchen 189' x 122' (5.72m x 3.7m)
Two windows to rear aspect, timber door leading to the porch. A range of fitted units at base and wall level, gas hob with extractor hood over, stainless steel sink and drainer, cupboard housing boiler, integral oven, breakfast bar, laminate flooring.
Rear Porch 101' x 59' (3.07m x 1.75m)
Door leading out to rear garden, fitted units, space and plumbing for washing machine.
FIRST FLOOR
Bedroom One 1011' x 134' (3.33m x 4.06m)
Window to front aspect, range of fitted bedroom furniture to include wardrobes, dresser and bedside cabinets, radiator.
Bedroom Two 1011' x 11 (3.33m x 3.35m)
Window to rear aspect, radiator.
Bedroom Three 73' x 105' (2.2m x 3.18m)
Window to front aspect, bulkhead storage, radiator.
Bathroom
A spacious and contemporary family bathroom with two windows to rear aspect, corner shower enclosure, bath, fitted vanity unit, low level WC, wash basin, part tiled, chrome heated towel ladder, spotlights.
Cellar
Useful spacious storage cellar which spans the footprint of the property with light.
Outside
To the front of the property there is a good sized cottage style garden with mature shrubs and pathway to the front door. To the rear of the property there is a decked seating area, paved patio and a detached single garage with up and over door.
Material Information
The property is freehold.
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.
2 Low Ousegate, York
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