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£750,000
Bedrooms
Bathrooms
Five apartments in a very well maintained freehold victorian building in Starbeck, with rear courtyard, pretty front garden and off street parking. There are pleasant views to the front of the building across to open parkland. The property is close to Starbeck Station, offering direct services to York and Leeds with good connections to London and beyond. The area is within walking distance of Harrogate Hospital. Local buses run regularly across Yorkshire.
Five apartments in a very well maintained freehold victorian building in Starbeck, with rear courtyard, pretty front garden and off street parking. There are pleasant views to the front of the building across to open parkland. The property is close to Starbeck Station, offering direct services to York and Leeds with good connections to London and beyond. The area is within walking distance of Harrogate Hospital. Local buses run regularly across Yorkshire.
Communal Features:
o Attractive communal entrance hall and characterful features throughout the building.
o Shared courtyard area with outdoor seating.
o Shared front garden laid to lawn with planting.
o Off-street parking (not allocated; first come, first serve)
o Building benefits from up to date fire safety checks
o Gas central heating, electric fires and double glazing to all flats.
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Flat 1
One Bedroom, Ground Floor (Unfurnished)
Spacious living room with electric fire
Large double bedroom with high ceiling and bay window
Kitchen with appliances (fridge, washing machine, electric oven & hobs)
Modern shower room with white suite and separate airing cupboard
Access to rear courtyard via kitchen
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Flat 2
One Bedroom, Ground Floor (Unfurnished)
Spacious living room with electric fire
Kitchen includes appliances and has direct access to rear courtyard
Large double bedroom with high ceiling and bay window
Brand new carpets and bathroom flooring being fitted
Modern shower room with white suite
Direct access to rear courtyard.
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Flat 3
One Bedroom, First Floor (Part Furnished)
Bright living room
Modern kitchen with full appliances (fridge, washing machine, electric oven & hob)
Double bedroom with brand new en-suite shower room
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Flat 4
One Bedroom (Furnished)
Entrance hall, fitted kitchen, spacious living room
Double bedroom and house bathroom
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Flat 5
Two Bedrooms, Top Floor (Furnished)
Two large double bedrooms with built-in wardrobes
Separate kitchen and spacious living room
Stunning walk-in shower with white suite
Gas central heating and double glazing
All appliances included (mattresses not included)
Material Information
Gas central heating and double glazing
Broadband:
Standard: up to 15 Mbps download / 1 Mbps upload
Superfast: up to 80 Mbps download / 20 Mbps upload
Ultrafast: up to 1800 Mbps download / 1000 Mbps upload
Mobile Coverage:
O2: Good coverage, EE, Vodafone, Three: Likely limited coverage
EPCs:
Flat 1: E Aug 2031
Flat 2: D Oct 2031
Flat 3: D Jan 2030
Flat 4: C Nov 2031
Flat 5: C Nov 2031
Council Tax Band: Flat 1-5 are council tax band A
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Investment Information:
Currently fully tenanted. The property currently brings in a gross income of 43,680, with potential to achieve more in todays market.
Each property is let on a standard AST.
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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