2 bedroom maisonette for sale

£137,500

2

Bedrooms

Floorplan

IDEAL INVESTMENT PROPERTY OR FIRST HOME - An excellent opportunity to purchase this well presented two bedroom, first floor maisonette ideally located within walking distance of Earl Shilton town centre and local amenities. The accommodation briefly comprises of an entrance hallway, lounge, modern kitchen, two double bedrooms and bathroom. The property also benefits from double glazing, gas central heating, private garden and off road parking spaces for two cars (No dropped kerb) For viewings call Martin & Co 01455 636349.

90 Years remaining on the lease / Ground rent and service charge 150 per year

ENTRANCE A composite double glazed entrance door leads to the entrance lobby with stairs to the hallway, wood flooring, access to loft space, access to all rooms.

LOUNGE AREA 14 10" x 12 1" (4.538m x 3.695m) Double glazed window to rear, wall lighting, radiator.

KITCHEN 10 2" x 7 0" (3.10m x 2.145m) Modern fitted kitchen with a matching range of base, wall and drawer unit with work surfaces above and inset sink unit with with tap, built in electric oven four ring gas hob and extractor hood above, double glazed window to rear and side, ceiling spotlights, wall mounted gas boiler, wood flooring.

BEDROOM ONE 11 9" x 12 4" (3.602m x 3.779m) Double glazed window to front, Radiator.

BEDROOM TWO 15 5" x 8 11" (4.718m x 2.726m) Double glazed window to front, radiator.

BATHROOM 7 4" x 4 9" (2.256m x 1.472m) Modern fitted bathroom comprising of a panelled bath with mixer tap, mains mixer unit with shower over, glazed shower screen, sink unit with mixer tap and vanity cupboard below, enclosed low level WC, heated hand towel rail, ceiling spotlights, obscure double glazed window.

OUTSIDE Approaching from the front there is a concrete pathway leading to the steps up to the front door. There is a fence enclosed south facing garden to the side which has a paved patio area leading down to the lawned area.

There is a gravelled area to the front with off road parking for two cars (No dropped kerb)

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

£ 109262.5

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 3437.5
  • 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

£ 6137.5
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message