4 bedroom end of terrace for sale

£600,000 Guide Price

4

Bedrooms

Floorplan

Set in Ashford Road in Tivoli, Cheltenham is an opportunity to create a truly wonderful home. This Grade II listed period home is believed to date from 1830 and retains some wonderful period features.

The property requires renovation throughout and is set over four floors. Homes in Ashford Road rarely feature off road parking but this property has rear Vehicular Access to the rear garden, which is currently set up as hard standing.

The accommodation is currently set up with the lower ground floor used as a basement area, workshop and storage. The two principle basement rooms are open to one another and would make an excellent kitchen family space. There is a WC, large hallway and outside store on this level to create a utility room. There is also the stairs that used to lead up to the first floor blocked but in place, along with the original hand rails, doors fittings for restoration. The raised ground floor is set up as a 1-bedroom self contained apartment but could be easily converted back. The rear reception room has been split to make a kitchen and bedroom, but the wall between is of a temporary nature and removing it would create two large reception rooms. In addition on this floor is a full bathroom and hallway. Even the front door has fantastic door furniture and tiled details still in place. The first floor has the grand drawing room to the front and an additional room to the rear, with the sweeping stairs making their way up to the top floor. The top floor has also been utilised as a self contained apartment and consists a kitchen and reception room to the front, with bedroom and bathroom to the rear. Again these partitions could be removed to reinstate larger rooms should you wish.

Requiring renovation throughout the property also features off road parking and garden to the rear. What would have been a sunken garden area at the rear accessed from the rear lower ground floor reception room, has been covered to create the workshop. The higher level of garden has been laid to hard standing giving off road parking to the rear. There is the space to create a parking area, potentially a garage and have garden space to entertain. The front garden could also be landscaped.

Properties with such potential do not come to the market often, especially in such beautiful locations.

Tenure: Freehold
Council Tax Band Est. E (currently split to a B and A band for the two former apartments)
EPC Rating: F
No Onward Chain

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

£ 497700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15000
  • 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

£ 47700
  • 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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