2 bedroom end of terrace for sale

£130,000

2

Bedrooms

Floorplan

PROPERTY DESCRIPTION Offered directly to the Investor/Landlord purchaser is this double fronted stone built end terrace property occupying a prominent and convenient residential location near the centre of Marsh, within easy reach of Huddersfield town itself and Greenhead Park nearby. Also being readily accessible to the M62 network at Junctions 23 and 24. Externally there are larger than average gardens with stocked shrub gardens to the front and an additional patio area to the side.

The property is entered via the main door to the front which leads into the Entrance Hall, having a staircase rising to the first floor, a central heating radiator and two internal doors leading through to the Lounge and Dining Kitchen.

The Lounge is a well proportioned reception room with a uPVC double glazed picture window positioned to the front elevation, a central heating radiator, decorative coving, ceiling rose and a gas fire to the chimney breast.

The Dining Kitchen is fitted with a range of beech effect wall and base units with stainless steel bar handle trim, marble effect working surfaces. The kitchen is further equipped with space for a slot-in gas cooker, provision for a tallboy fridge freezer, a one and a half bowl inset sink unit with mixer tap over. Part tiled splashbacks are located around the preparation areas. Central heating radiator and a uPVC double glazed picture window to the front elevation. Internal doors lead to the cellar steps and utility room.

Utility Room has plumbing for a washing machine, extra power points for additional white goods, timber framed single glazed window and a solid timber rear door gives passage to the enclosed patio garden.

Keeping Cellar - Housing the fuse board, electricity meter and water meter.

First Floor Landing - Splits from a central position, providing access to each Bedroom and the Shower Room.

Bedroom One Featuring a period, decorative cast fireplace, central heating radiator, uPVC double glazed window and an internal door leading to the Shower Room, creating an En-Suite style arrangement.

Bedroom Two - Enjoying natural light via dual aspect uPVC double glazed windows positioned to the front and side, central heating radiator.

Shower Room - Fitted with a white three piece suite comprising quadrant shower cubicle with part tiled splashbacks, pedestal hand wash basin with mixer tap and a low flush wc with hand held personal wash tap adjacent. There is a fitted, mirror fronted medicine cupboard and a wall mounted Ideal Logic Plus combination boiler, central heating radiator and a uPVC double glazed window with privacy glass.

AGENTS NOTE: This is a Leasehold property with a remaining Lease of 856 years with a yearly Ground Rent payable of 3.00 per annum.

This property presents an excellent opportunity for the Investor/Landlord purchaser to acquire an attractive rental proposition and viewing is definitely recommended. This can be arranged buy 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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