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£230,000
Bedrooms
Bathrooms
The ideal home for first time buyers! Located in the popular area of Old Catton with city centre and local amenities on your doorstep is this two bedroom, modern home. Boasting an en-bloc garage and parking, well-manicured garden and a well-presented interior.
The ideal home for first time buyers! Located in the popular area of Old Catton with city centre and local amenities on your doorstep is this two bedroom, modern home. Boasting an en-bloc garage and parking, well-manicured garden and a well-presented interior.
Location Located just under 3 miles out of the city centre, this popular location is perfect for families. Offering, schools, bus routes to the centre, local shops and pubs it has something for everyone. This location also holds easy access to the ring road surrounding the city of Norwich.
Porch Enter the home via a door to the front, into a porch offering cloak storage and a secondary door to the lounge.
Lounge 13 8" x 11 9" (4.17m x 3.58m) Family space with fitted carpet throughout, two double radiators, stairs to the first floor, door to the kitchen and a double glazed window to the front.
Kitchen/diner 13 9" x 9 2" (4.19m x 2.79m) Fitted with a range of wall and base units with worktops over, a sink and drainer, built-in oven with hob, spaces for a fridge-freezer and washing machine, wood effect flooring, radiator, double glazed window to the rear and a door to the garden.
Bathroom 6 2" x 5 4" (1.88m x 1.63m) Clean white suite comprising a panelled bath with shower and bi-fold screen, low level WC and a hand wash basin plus tiled walls and tile effect flooring, a radiator and a double glazed window to the rear.
Bedroom one 13 9" x 8 6" (4.19m x 2.59m) Double bedroom with fitted carpet, a radiator, pine fitted wardrobes (included in the sale) and a double glazed window to the front.
Bedroom two 9 2" x 8 1" (2.79m x 2.46m) Double bedroom with fitted carpet, a radiator and a double glazed window to the rear.
Exterior The property benefits from a well manicured rear garden mainly laid to lawn with patio and a shingle area to the rear housing a timber storage shed (with power). This space gives gated access to the en-bloc garage with up and over door to the front.
Agents note We understand the property will be sold freehold, connected to all mains services with gas central heating.
Disclaimer: We endeavour to make our adverts accurate and correct, and ask our sellers to approve these details prior to going to market, however these do not form any part of a contract and any buyers are advised to check the details upon viewing, including any specifications, sizes and whats included on their fixtures and fittings forms when purchasing.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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