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£300,000
Bedrooms
Bathrooms
Calling all Builders, we have great pleasure in offering for sale this twoˆ’bedroom terraced House in need of total refurbishment throughout. The property does still benefit from having lots of character and potential as well as off street parking and Gas Central Heating (Not Tested).
Front Patio: Dropped kerb to paved front drive area. Previously used as offˆ’street parking for a small family vehicle.
Storm Porch: Part Glazed wooden door to storm porch.
Hallway: Part Glazed door to hallway with doors to Lounge, kitchen & Ground Floor Bathroom. Stairs to first floor landing.
Lounge: 4.48m x 3.32m (148" x 1011") Single glazed windows to both front and rear aspects. Double radiator, carpets as laid.
Kitchen: 3.26m x 2.60m (108" x 86") Part glazed door to rear garden. Single glazed window to rear, wall mounted Boiler (Not Tested), single drainer sink unit with taps over. Electric cooker point, Period matching eye & base level kitchen units.
Bathroom: Single glazed window to front, Panelled Bath, Pedestal wash hand Basin, Single radiator.
First Floor Landing: Single Glazed window to rear, doors to Bedroom 1, Bedroom 2 and Separate W/C.
Bedroom 1: 4.50m x 3.34m (149" x 1011") Single glazed windows to both front & rear aspects. Double radiator, Fitted Wardrobes/Cupboards. Carpets as Laid.
Bedroom 2: 3.56m x 3.26m (118" x 108") Single glazed window to front and rear aspect, Single radiator, Fitted Cupboards.
Separate W/C. Single Glazed window to rear. Low level flush W/C. Wash Hand Basin.
Exterior. Rear Garden. Approximately 15m (500) in length. Mainly laid lawn with flower boarders. Rear access via shared rear alleyway which is locked unless required. Various freestanding shed structures(unseen).
Front Garden: 6.87m x 3.32m (226" x 159") Mainly paved area, has been used as a drive for a small vehicle.
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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