2 bedroom terraced for sale

£310,000

2

Bedrooms

Floorplan

This extended two double bedroom terrace house is located in the popular Chase Meadow development of Warwick, offering easy access to both the town centre and road network. The property has been extended to include additional sitting / dining room at the rear with double doors onto the garden. The property benefits from a garage, off road parking and downstairs cloakroom. This house is spacious offering flexible living and is suitable to a wide range of buyers.

APPROACH Via a paved pathway which leads to the front door.

ENTRANCE HALL 8 10" x 3 1" (2.69m x 0.94m) Double glazed front door, engineered oak wood flooring, doors leading into the kitchen and downstairs cloakroom, central heating radiator and wall mounted Hive central heating thermostat.

CLOAKROOM 4 5" x 2 8" (1.35m x 0.81m) Low level W.C, wash hand basin, wall mounted electric fuse box, central heating radiator and double glazed window to the front.

BREAKFAST KITCHEN DINER 13 0" x 12 5" (3.96m x 3.78m) With a range of wall and base mounted units with complementary work surface over, incorporating a stainless steel sink and drainer unit, built in electric oven, four ring gas hob with extractor above, integrated appliances, cupboard housing central heating boiler, double glazed window to the front.

DINING ROOM 12 5" x 12 6" (3.78m x 3.81m) With wood effect laminate flooring, central heating radiator, staircase rising to the first floor landing and opening into sitting dining room.

LIVING ROOM 11 0" x 8 7" (3.35m x 2.62m) With central heating radiator, spot lights, television and telephone points, double glazed window and French doors leading into the garden.

LANDING 7 1" x 3 7" (2.16m x 1.09m) Staircase rising from the living room, hatch providing access to the partly boarded loft space and doors leading into the bedrooms and bathroom.

PRIMARY BEDROOM 12 7" x 8 7" (3.84m x 2.62m) Double glazed window to the rear, over stairs storage cupboard, central heating radiator and wood effect laminate flooring.

BEDROOM TWO 12 5" x 7 10" (3.78m x 2.39m) Double glazed window to the front, fibre broad band point and central heating radiator.

BATHROOM 8 8" x 4 10" (2.64m x 1.47m) Shower enclosure, mains wall mounted shower, wash hand basin, low level W.C, tiling to the walls, timed dual fuel heated towel rail, bathroom, extractor and over stairs storage cupboard.

OUTSIDE

FRONT Paved path and gravel fore garden.

REAR Fence enclosed Westerly facing garden, paved patio, double external weatherproof electrical socket, lawn with herbaceous border and gated rear access leading to the garage and parking.

GARDEN ROOM/OFFICE A professionally installed garden room office located in the rear garden, featuring double UPVC French doors at the entrance and a fully sealed flat roof. The space is fully insulated and double glazed, with air conditioning and heating for year-round comfort. Wired internet connectivity is available, ensuring a stable connection for work or leisure. Large windows allow for ample natural light, and external lighting provides visibility and security. Suitable for use as an office, studio, or additional living space.

GARAGE The garage is leasehold and located in a block of four on the left hand side under a coach house.

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

£ 258450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 7750
  • 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

£ 25950
  • 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

£
  • 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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