2 bedroom end of terrace for sale

£230,000

2

Bedrooms

Floorplan

FULL DESCRIPTION A charming Victorian terrace property located on the highly desirable Francis Street, known for its renowned shopping boutiques in the heart of the ever popular Stoneygate. This property would make an ideal first time purchase or investment opportunity due to its convenient location for the University of Leicester, local hospitals and the City Centre. The accommodation offers two reception rooms, galley kitchen, utility area, two double bedrooms, bathroom and a deceptively large garden. Offered with no upward chain.

LIVING ROOM 11 4" x 12 0" (3.45m x 3.66m) This versatile room has window to the front elevation, chimneybreast, built-in cupboard, meter cupboard and radiator.

DINING ROOM 11 5" x 11 4" (3.48m x 3.45m) With uPVC double glazed window to the rear elevation, stairs leading to first floor, ceiling coving and radiator.

KITCHEN 6 4" x 7 11" (1.93m x 2.41m) With uPVC double glazed window and door to the side elevation. Kitchen comprises: sink and drainer, a range of wall and base units with work surfaces over, part-tiled walls, electric cooker point, plumbing for appliance and utility area.

LANDING With access to the following rooms.

BEDROOM 11 11" x 11 5" (3.63m x 3.48m) With uPVC double glazed window to the front elevation and radiator.

BEDROOM 8 3" x 11 4" (2.51m x 3.45m) With uPVC double glazed window to the rear elevation, over-stairs storage cupboard/wardrobe and radiator.

BATHROOM 6 4" x 7 10" (1.93m x 2.39m) With uPVC double glazed window to the rear elevation. Bathroom comprises: wash-hand basin, low-level WC, paneled bath with shower, shower screen, tiled walls & floor and radiator.

OUTSIDE A particular feature of this property is the superb, deep and well-established rear garden comprising: paved terraced area and mature shrubs and trees.

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

£ 180950

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
    £ 5750
  • 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

£ 8450
  • 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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