2 bedroom end of terrace for sale

£240,000

2

Bedrooms

Floorplan

Heron Ridge is located close to Polegate Primary School, Polegate Town Hall the main high street and the Train station.The surrounding area has some sporting facilities with pitches for football, cricket and stool ball on the well tended public recreation ground located a short walk from the property and easy access to the Cuckoo Trial.

Charming Compact Back-to-Back Property Ideal for First-Time Buyers

This cozy back-to-back property is perfectly suited for first-time buyers, couples, or anyone seeking a peaceful retreat in a quiet road. Located in a well-established and friendly neighbourhood, it offers a fantastic opportunity to get on the property ladder without compromising on comfort or convenience.

Key Features:

Compact and Efficient Layout: This charming home features a well-designed, space-efficient layout, maximizing every inch of space.

First-Time Buyer Friendly: Ideal for those looking to enter the property market, with affordable pricing and low maintenance.

Well-Proportioned Living Spaces: A spacious living room, functional kitchen, and cozy bedrooms make this property feel homely and inviting.

Low Maintenance: A manageable garden/yard area (if applicable) and modern finishes, ideal for busy professionals or small families.

Potential for Personal Touches: The neutral decor provides the perfect canvas to add your personal style and make the space your own.

Location Highlights:

Quiet and Friendly Street: Nestled on a peaceful road with no through traffic, offering a safe and calm environment.

Close to Local Amenities: Shops, cafes, and parks are just a short walk away, and excellent schools are within reach.
Easy Access to Public Transport: A short distance from the bus and train stations, perfect for commuters.

This is a must-see for anyone looking for a first home that offers convenience, value, and a welcoming atmosphere. Book a viewing today and take the first step toward making this house your home!


LIVING ROOM 12 8" x 14 0" (3.88m x 4.27m) Laminate flooring, bay window to front (UPVC Double Glazed), TV point, stairs leading to upstairs hallway.

KITCHEN 12 8" x 6 2" (3.88m x 1.9m) Fitted kitchen with a range of wall and floor units, white splash back tiles, stainless steel sink, space and plumbing for washing machine, space for fridge freezer, electric cooker with hood extractor above, laminate flooring, window to front and side aspect.

MASTER BEDROOM 12 2" x 10 11" (3.73m x 3.34m) Master double bedroom with window to front aspect, airing cupboard, Double wardrobe.

BEDROOM 2 6 2" x 9 3" (1.88m x 2.83m) Single bedroom with double glazed window to front aspect.Ideal as a study or Nursery

BATHROOM 6 2" x 6 0" (1.9m x 1.85m) White panelled bath, wash hand basin, w/c, part tiled walls, lino flooring, frosted window to side.

GARDEN Open Plan Lawn to front Parking space (space for small outside storage cupboard)

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

£ 188700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 6000
  • 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

£ 8700
  • 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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