3 bedroom terraced for sale

£230,000 Guide Price

3

Bedrooms

Floorplan

This charming 3-bedroom terraced house, located in a sought-after area with nearby parks, offers a great opportunity for first-time buyers or investors to modernise and personalise, featuring a welcoming reception room, a functional kitchen, and energy-efficient benefits, all while maintaining affordability with a council tax band C.

Welcome to this charming 3-bedroom terraced house! This charming property is currently listed for sale and eagerly awaits someone with a vision to bring it up to modern standards.

As you step inside, you will find a welcoming reception room that offers enough space for lounging and entertaining. Next, the kitchen, which while functional, could be transformed into a culinary haven with a little bit of TLC.

The property boasts three cosy bedrooms, making it an ideal choice for a growing family or a group of professionals. In addition, there is a single bathroom available that, like the rest of the house, could benefit from some modernisation.

Despite the need for some updates, the house is energy-efficient with an EPC rating of D, meaning its cheaper than average to heat and light. The property also falls within council tax band C, which is a good middle ground for affordability.

One of the key advantages of this property is its location. Its situated in a sought-after area with nearby parks and walking routes, offering a perfect balance of city life and green space. Its perfect for those who love the outdoor lifestyle and for families wanting safe spaces for children to play.

This terraced house could be an excellent opportunity for first-time buyers looking for a home to put their personal stamp on. It could also be a great investment for those looking to expand their portfolio with a property in a desirable location.

Dont miss out on the chance to turn this house into a beautiful home or a profitable investment. Its a blank canvas waiting for the right buyer to bring it to life!

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

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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