Beatrice Road , Newfound Pool, Leicester

1 /17
Available / For Sale

5 bedroom terraced for sale

£450,000

5

Bedrooms

Floorplan

FULL DESCRIPTION A freehold residential property with a light industrial unit. The subject property comprises of a mid terrace five bedroom residential property with a industrial area and first floor storage room at the rear.

The property is located close to Fosse Road North, off Pool Road, within a residential area. The property provides easy access to Leicester City Centre, Leicester Royal Infirmary and all amenities.

LIVING ROOM 17 9" x 12 4" (5.41m x 3.76m) UPVC double glazed window to front aspect, carpet flooring and radiator.

DINING ROOM 11 3" x 15 5" (3.43m x 4.7m) UPVC double glazed window to the rear aspect, carpet and radiator.

KITCHEN 10 1" x 11 0" (3.07m x 3.35m) Fitted with a range of wall mounted and base level units, stainless steel sink with drainer unit with splash back tiles. UPVC double glazed window to side aspect, space for cooker and washing machine, hard flooring and radiator.

BASEMENT 12 9" x 7 5" (3.89m x 2.26m) Stairs from the hallway and tiled flooring.

BEDROOM 17 8" x 12 8" (5.38m x 3.86m) Two UPVC double glazed window to front aspect, carpet flooring and radiator.

BEDROOM 14 10" x 8 8" (4.52m x 2.64m) UPVC double glazed window to front aspect, hard flooring and radiator.

BEDROOM 13 9" x 6 4" (4.19m x 1.93m) UPVC double glazed window to rear aspect, carpet flooring and radiator.

BEDROOM 12 0" x 11 3" (3.66m x 3.43m) UPVC double glazed window to rear aspect, carpet flooring and radiator.

BEDROOM 8 3" x 10 3" (2.51m x 3.12m) UPVC double glazed window to side aspect, built in wardrobes and radiator.

WORKSHOP GROUND FLOOR 21 5" x 54 3" (6.53m x 16.54m) Side room and main hall, concrete floor and windows to the rear

WORKSHOP FIRST FLOOR 14 2" x 40 10" (4.32m x 12.45m) Stairs from the ground floor and two windows to the rear.

OUTSIDE Utility Room
WC
Two Storage Cupboards
Rear Garden
Access to the street

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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

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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