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Claremont House, 130 East Claremont Street, Edinburgh
£93,000 Offers over
Bedrooms
Bathrooms
Reception
McEwan Fraser Legal are delighted to offer to the market a fantastic opportunity to own a pictur-esque two bedroom dwelling in the quaint and quiet village of Portnockie This traditional stone and slate built detached dwelling is situated in an elevated location minutes from the stunning coastline of the ever popular Moray coast.5 Patrol place has recently under gone a part refurbishment and offers spacious living accommodation over two levels. Offering generous sized accommodation throughout which has been decorated in a crisp neutral tone. The property also benefits from a newly installed electric heating system and spacious dining kitchen. With its magnificent seaside location and High Holiday let potential the property could be an excellent investment as a long term or short term rental. Would also suit a professional couple or a superb first time purchase early viewing is highly recommended.Enter the property from the front door to the hallway leading to all other accommodation which includes the large lounge, and the partially integrated dining kitchen. The first floor comprises of two double bedrooms and family bathroom. In addition there are ample storage facilities and cupboards throughout. Parking is available outside of the property and bin storage area at the rear of the property
By appointment through McEwan Fraser Legal on 01542 280 444
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Extras (Included in the sale) All fitted floor coverings, blinds, curtains, and light fittings are included in the sale.
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.
Claremont House, 130 East Claremont Street, Edinburgh
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