2 bedroom town house for sale

£130,000 OIRO

2

Bedrooms

Floorplan

Martin and Co Huddersfield are elated to offer for sale this fair condition two bedroom end town house which occupies a select cul-de-sac position with ample on road parking and lawned gardens to both the front and back. This will be attractive to a variety of prospective purchasers. The property has a lawned garden with fenced boundary and decked area at the back, with a shed which does need a bit of repair. Also with a block paved patio garden. Being well placed for Colne Valley High School and the nearby Junior School.

The front entrance of the house goes directly into the Lounge and offers access to the upper floor via a staircase and through double doors to the rear is the Dining Kitchen. The Lounge has a focal point fireplace with a fan assisted electric fire.

The Dining Kitchen extends across the full width of the rear of the property and is fitted with a good range of base and wall units with contrasting work surfaces. The sink is a single drainer unit with mixer tap. Integrated appliances include a four ring gas hob with a cooker hood above and a built-in electric oven. The room has also benefitted from a rear UPVC door allowing access to the garden and there are also two windows.

The first floor Landing gives access to the following rooms:

The Master Bedroom is positioned to the front of the property and has a built-in cupboard housing the central heating boiler located above the front entrance.

The Second Bedroom is a generous single situated at the rear of the house.

The Bathroom/WC comprises of a panelled bath with a shower off of the mixer tap with a rainfall head and a curved shower screen atop the P-shaped bath, a pedestal wash hand basin and a low level WC complete the room.

This opportunity requires minor renovation works to become a lovely home and merits early viewing. This can be arranged by calling the 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

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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
    £ 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

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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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