3 bedroom terraced for sale

£400,000

3

Bedrooms

This three double bedroom three story town home is located on the outskirts of Leamington Spa tucked away in a quiet cul-de-sac with canal views. With three well proportioned bedrooms, family bathroom, spacious living room, kitchen, cloakroom and garage/music room and conservatory. Externally there is a private rear garden and off road parking. The property is situated perfectly for access to the town, station, schools and local amenities.

APPROACH Path and driveway leading to canopy porch with door leading into the hallway.

HALLWAY With under stairs cupboard, tiled flooring, radiator, telephone point and doors to garage/music room, cloakroom and bedroom.

GARAGE / MUSIC ROOM With power and lighting.

CLOAKROOM With low level w.c., wash hand basin, tiling to splash back areas and radiator.

BEDROOM THREE With radiator, telephone point, laminate flooring and sliding patio doors leading to conservatory.

CONSERVATORY UPVC construction with double glazed windows and door, tiled flooring, wall mounted electric heater and double glazed door leading out to the garden.

FIRST FLOOR LANDING With stairs rising from hallway, stairs rising to second floor, double glazed window to the front, radiator and doors off to living room and kitchen.

LIVING ROOM With double glazed windows to the rear, two radiators and television point.

KITCHEN Fitted with a range of wall and base mounted units having complementary work surfaces over incorporating a sink and drainer unit, tiling to the splash back areas, electric oven and hob with extractor over, space and plumbing for washing machine, integrated dishwasher, space for fridge, wall mounted Potterton central heating boiler and double glazed box bay window to the front.

SECOND FLOOR LANDING With stairs rising from the first floor landing, radiator, loft hatch with fitted ladder providing access to the partly boarded loft space with power and light, airing cupboard with fitted shelves and housing the hot water cylinder and doors off to bedrooms and bathroom.

BEDROOM ONE With double glazed bay box window to the front, further double glazed window to the front, fitted wardrobes and radiator.

BEDROOM TWO With double glazed window to the rear and radiator.

BATHROOM Fitted with white suite comprising of a paneled bath, shower cubicle, wash hand basin, low level W.C., tiled walls, heated towel rail and double glazed window to the rear.

OUTSIDE To the front there is a driveway and gravel border. To the rear of the property is a fence enclosed mature south facing garden, with stepping stones leading to the bottom of the garden and to the gate giving rear access to the property.

Council tax band - E

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

£ 332700

Mortgage Loan to Value

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Gross Yield

%

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
    £ 10000
  • 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

£ 32700
  • 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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