2 bedroom terraced for sale

£520,000

2

Bedrooms

Floorplan

FULL DESCRIPTION NO CHAIN A rare opportunity to acquire this spacious and characterful two-bedroom home, brimming with potential (STPP) to extend and enhance. Situated on one of Old Towns most sought-after streets, this property offers generous accommodation and a charming south-facing garden with a large brick-built store.
Accommodation:
An elevated entrance leads to a welcoming lobby and into the open-plan sitting/dining room featuring a statement fireplace and double doors opening to the garden. A door leads down to a useful cellar, ideal for storage. The kitchen is fitted with a range of wall and base units, one-and-a-half bowl sink with drainer, space for a cooker, and wall-mounted combination boiler. A rear hall offers access to the garden and leads to a ground floor shower room with WC.
First Floor:
The landing gives access to two double bedrooms. The rear bedroom connects to a dressing room with fitted wardrobes, which in turn opens into a family bathroom complete with panelled bath, WC, pedestal basin, and linen cupboard.
Outside:
To the front, a paved area and gated side access lead to the rear garden-featuring paved patios, pathways, artificial lawn, stone chipping borders, and a substantial brick garden store. The garden is part-walled and part-fenced, ensuring privacy.
General Information:
- Tenure: Freehold (to be verified by a solicitor).
- Services: Mains gas, electricity, water, and drainage (to be confirmed).
- Council Tax: Band D.
- EPC Rating: D (full certificate available on request).
- Note: Includes shared side access for refuse collection.

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

£ 431700

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

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13000
  • 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

£ 41700
  • 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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