3 bedroom terraced for sale

£199,995 Fixed Price

3

Bedrooms

1

Bathrooms

Floorplan

This terraced house, currently listed for sale, offers a great opportunity for first-time buyers, investors, or families looking to make a home their own. Although the property is in need of modernisation, it holds strong potential with a layout that includes three bedrooms, a kitchen, and a reception room.

The house boasts three bedrooms in total - two doubles, both equipped with built-in wardrobes, and a single room. This accommodation is flexible enough to cater to a variety of needs, whether it be for a growing family or for designated home office space.

A standalone kitchen, flooded with natural light, provides a warm space for cooking and dining. Equipped with basic fittings, it awaits the touch of a discerning homeowner to truly bring it to life.

The single reception room marks a spacious area for relaxation and entertainment. With careful refurbishment, this space could indeed become the heart of the home.

The property is located in a sought-after location, boasting good views and historical features in the vicinity. It is ideally situated with public transport links, local amenities, and schools nearby, making it a convenient place to live.

While the property is in need of a bit of love and care, it offers a unique opportunity to create a beautiful home tailored to personal taste. With its potential, location, and affordability, it represents an excellent investment for first-time buyers or those looking to expand their property portfolio. The house falls within council tax band B.

In summary, this is a property with a wealth of potential waiting to be unlocked. Its an opportunity that simply shouldnt be missed.

The increasingly sought after village of Farsley is extremely popular with professionals, first time buyers
and families alike and is easily accessed from the Ring Road (A6120). The canal, Millennium Trail and
Rodley Nature Reserve can be found close by and offers a range of beautiful places where you can walk.

Just a short car ride away is the popular Owlcotes Centre at Pudsey offering an M&S store, Asda and New Pudsey train station. Farsley village offers a selection of shops, restaurants, cafes and local pubs. The neighbouring villages of Calverley, Horsforth and Rodley are only a short distance away and offer a comprehensive range of facilities, restaurants, public houses and eateries.

Map location is not available for this property.

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

£ 157696.125

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 4999.875
  • 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

£ 7699.875
  • 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

  %
  %
£
  %

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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