2 bedroom terraced for sale

£130,000

2

Bedrooms

PROPERTY DESCRIPTION Martin & Co. offer directly to the Investor/Landlord purchaser this two bedroomed mid terrace property with a suggested monthly rent of 675.00 per month. The property occupies a pleasant cul-de-sac setting within easy reach of the excellent amenities of Marsh. Situated just one and a half miles from Huddersfield town centre with good transport routes also nearby.

The exterior of the property has a small garden to the front and a patio to the garden to the rear. There is also off-road parking to the rear of the property for one car.

The property is entered to the front with the door leading into the Lounge.

The Lounge is a generous reception room positioned to the front of the house, having a window to the front and a door leading through to the Kitchen.

The Kitchen is fitted with a range of base and wall units with worktop space over and a stainless steel sink unit with mixer tap. There is also plumbing for an automatic washing machine and a gas cooker point. A door gives access to a useful cellar area and a staircase leads to the First Floor.

The First Floor Landing gives access to the following rooms.

The Master Bedroom is positioned to the front of the property and is a generous double.

The second double Bedroom is located to the rear of the house and is also a double.

The Bathroom/wc is fitted with a White three piece suite comprising a panelled bath with a thermostatic shower over, small rectangular basin and a low level wc. Also having tiling to the walls and a window to the rear.

This is a very suitable investment property which merits early viewing. This can be arranged by calling our Huddersfield office on 01484 453935.



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

£ 103450

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
    £ 3250
  • 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

£ 5950
  • 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

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