6 bedroom maisonette for sale

£230,000 OIRO

6

Bedrooms

CLASSY CLIFTON ROAD! CLICK ON VIRTUAL TOUR! Large six double bedroom property situated in the Hilton area of Aberdeen. This property comes with a separate lounge and kitchen space. The property is a great investment opportunity and comes with a active HMO licence. Enjoys benefits of gas heating, double glazing, external storage, rear garden and ample on street parking.

Hilton is situated only minutes from Aberdeens thriving and busy city centre with its excellent shopping and recreational facilities. The house is also conveniently situated for Aberdeen Royal Infirmary at Foresterhill and the Royal Cornhill Hospital, which are both only a few minutes away by car. The area is also a community in its own right, featuring parks such as Victoria Park and Westburn Park, as well as the Berryden and Kittybrewster retail centres.

Other features of the area include:
- Close proximity to Westburn tennis centre
- Close proximity to the University
- Victoria park
- Park & ride offering easy city centre access
- Berryden & Kittybrewster retail park

BEDROOM 1 Comfortable double bedroom with ample space for storage. This room is flooded with natural light from the large window.

LOUNGE Spacious living area perfect area to entertain guests. The large bay window provides excellent natural light. This room benefits from a electric fireplace.

BATHROOM Three piece white suite with shower over bath and white tiles half way up the wall with the rest painted in a neutral colour. This room has Aqua paneling around the bath and benefits from having built in storage space above the shower.

KITCHEN/DINER Extensive modern kitchen with a range of appliances including a gas cooker, washing machine and fridge/ freezer. It is currently set up with a dining area for four. Plenty of storage is provided by the white glossy base and wall units and is finished off nicely with a dark wooden effect counter top.

SHOWER ROOM Modern tiled shower room with 3 piece white suite. The tiling throughout finishes off the room nicely.

STORAGE ROOM/UTILITY ROOM Great sized Storage/Utility Room accessed from the Kitchen. This room benefits from ample space for storage along with built in cupboards. The room is finished off nicely with the large double glazed window that provides excellent natural light.

BEDROOM 2 Large double bedroom with built-in storage and shelf units. This room benefits from a large double glazed window providing great natural light. This room has ample space for a home office space along with storage space.

BEDROOM 3 Double bedroom with ample space for both storage space and to set up a home office. The Skylight provides excellent natural light.

BEDROOM 4 Large and spacious double bedroom with built-in wardrobes. This room has neutral dcor and is flooded with natural light from the large sky light.

BEDROOM 5 Master double bedroom with built-in mirrored wardrobes along the front wall. This room has ample space for a home office and benefits from a large double glazed window which provides a excellent amount of natural light.

BEDROOM 6 Comfortable double bedroom with ample space for both a home office and storage space. This room benefits from its natural dcor.

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

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  • 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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