3 bedroom terraced for sale

£350,000

3

Bedrooms

1

Bathrooms

Floorplan

This 3 bedroom freehold mid-terrace house is offered to the market with no onward chain. Situated in the sought after neighbourhood of Ifield and boasting a delightful location with front and rear gardens this property has the space and convenience to create a memorable family home.

The interior of the property is neutrally decorated throughout offering an excellent opportunity to re design to your own style and taste.

On the ground floor you enter the property via a glazed front door into the naturally illuminated hallway which gives access to the kitchen and lounge areas.

The kitchen with a range of white wall and base units, glass hob with extractor, is located to the rear of the property and has a door allowing access to the garden. The living and dining room are connected by an archway offering an abundance of natural light from the window with the front aspect and the patio doors at the rear leading onto the terrace and the garden.

Upstairs, a central hallway allows access to the two double bedrooms and a further good size single bedroom. The bathroom offers a modern white suite, shower over the bath and heated towel rail. The WC is separate.

This property is conveniently located close to local amenities, schools and transport links, and further benefits double glazing and gas central heating to radiators. Viewing is highly recommended to fully appreciate the potential that this property has to offer.

Price: 350,000
Tenure: Freehold
Property Type: Mid-Terrace House
EPC Rating C
Parking Type: On Street
Local Authority: West Sussex
Crawley Borough Council .Tax Band: C Annual Price: 2,050
Mains Services: Gas/Electricity/Water/Drainage
Heating Type: Gas radiator central heating
Conservation Area: No
Flood Risk: Very Low
Mobile Phone Coverage: Good with O2. Check with other providers
Broadband Speeds: Between 8 Mbps - 1000 Mbps
Satellite / Fibre TV Availability: BT, Sky , Virgin

Identification checks
Should a purchaser have an offer accepted on a property marketed by Martin & Co, they will need to undertake an identification check. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use an online service to verify your identity provided by Lifetime Legal. The cost of these checks is 65 inc. VAT per purchase which is paid in advance, directly to Lifetime Legal. This charge is non-refundable under any circumstances.

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

£ 291450

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 8750
  • 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

£ 28950
  • 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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