3 bedroom terraced for sale

£220,000 OIRO

3

Bedrooms

2

Bathrooms

Floorplan

ENTRANCE HALL Served by a solid front door Staircase to the first floor Radiator

LOUNGE 11 6" x 12 0" (3.51m x 3.66m) Box bay window to the front Radiator

DINING KITCHEN 12 3" x 15 6" (3.73m x 4.72m) Fitted with a comprehensive range of wall and base units One and a half bowl sink Gas hob Electric oven Work surfaces with tiled splash-backs Plumbed for a washing machine Under stairs cupboard Double glazed window to the rear Double French doors to the rear Radiator

CLOAKS With a close coupled W.C. Vanity hand basin Radiator

FIRST FLOOR LANDING Offering access to the bedrooms and family bathroom

BEDROOM 1 8 4" x 16 6" (2.54m x 5.03m) Built in wardrobes Double glazed window to the front Radiator

EN-SUITE Shower cubicle W.C., Hand basin Radiator

BEDROOM 2 9 3" x 9 5" (2.82m x 2.87m) Double glazed window to the rear Radiator

BEDROOM 3 10 11" x 8 0" (3.33m x 2.44m) An irregular shaped room Double glazed window to the rear Radiator

BATHROOM Fitted with a three piece traditional suite Panelled bath W.C Hand wash basin Partially tiled Radiator

GARDENS There are garden areas to both the front and rear The front is stone covered with wrought ironwork A flagged path leads to the front door
The rear garden is enclosed and lawned

GARAGE There is a brick garage to the rear with parking in addition to the on street parking to the front

Offered with no onward chain, this modern three-bedroom home (master with en-suite) offers well-presented family accommodation within a desirable development of executive properties. The ground floor features a welcoming lounge and a spacious kitchen/diner with patio doors opening onto the rear garden - perfect for family living and entertaining. Upstairs, the property boasts a main bedroom with en-suite, a further double bedroom, a single bedroom, and a family bathroom.

Ideally located close to a range of amenities, including highly regarded schools, this home benefits from a long lease of 999 years from 2003 (approx. 977 years remaining), allocated parking, and a rear garage. Early internal viewing is highly recommended.

Map location is not available for this property.

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

£ 173200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 5500
  • 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

£ 8200
  • 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

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  %

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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