2 bedroom terraced for sale

£260,000

2

Bedrooms

Floorplan

A much improved two bedroom house with a re-fitted kitchen with white goods. The property has a downstairs cloakroom, a good sized lounge and a large corner garden with a shed which is ideal for a motorbike.

A two bedroom house located in Chineham, close to local schools and shops.
Comprising two bedrooms, bathroom, good sized living room, kitchen, cloakroom, enclosed garden and allocated parking.

The property is in excellent condition throughout and viewing is highly recommended.


HALLWAY Carpet and radiator and a door to the cloakroom.

LIVING ROOM 14 7" x 14 1" (4.46m x 4.31m) Side aspect window, under stairs storage cupboard, radiator, carpet and stairs to the landing.

KITCHEN 14 7" x 5 3" (4.45m x 1.62m) Side aspect window, a range of eye and base level storage units with rolled edge work surfaces, integrated oven, four ring electric hob with extractor hood over, space for a fridge/freezer, plumbing for a washing machine and tiled floor.

CLOAKROOM 5 6" x 2 5" (1.68m x 0.74m) Front aspect window, low-level WC, wash hand basin, radiator and vinyl floor.

LANDING Capet and airing cupboard.

BEDROOM ONE 11 3" x 10 2" (3.43m x 3.12m) Side aspect window, carpet, radiator and wardrobe.

BEDROOM TWO 9 4" x 6 6" (2.86m x 2.0m) Side aspect window, carpet and radiator.

BATHROOM Bath with shower over, low-level WC, was hand basin, radiator and vinyl floor.

OUTSIDE To the front of the property, there is an enclosed garden with large patio area and metal storage shed.

There is allocated parking to the front of the property.

MATERIAL INFORMTION Tenure: Freehold

Council Tax Band: C
Basingstoke and Deane
EPC Rating: D
Allocated Parking

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

£ 217200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 6500
  • 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

£ 22200
  • 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

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  %
£
  %

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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