3 bedroom terraced for sale

£350,000

3

Bedrooms

2

Bathrooms

Floorplan

Martin & Co are delighted to offer for sale this modern three bedroom mid terraced house located in the popular area of Woburn Sands. The property is chain free and would appeal to families and first time buyers.

Woburn Sands is located within easy reach of Milton Keynes, has a railway station and good transport links. There are also plenty of green spaces and Woburn Safari Park is a short drive away.

Property comprises of the following:

Enter via double glazed composite door to entrance hall which has radiator, laminate flooring, stairs rising to first floor, doors leading to:

Cloakroom (1.64m x 0.91m) - Double glazed window to front aspect, radiator, 2 piece suite comprising of pedestal wash hand basin with splash back tiling, low level WC, laminate flooring, wall mounted consumer unit.

Lounge (3.72m x 4.43m) - Double glazed window to rear aspect, double glazed french doors to rear aspect leading to rear garden, 2 radiators, laminate flooring, TV and telephone points, door to under stairs storage cupboard.

Kitchen / breakfast room (4.59m x 2.37m) - Double glazed window to front aspect, radiator, fitted kitchen comprising of base and wall mounted units, gas boiler, roll top work surfaces, splash back tiling, stainless steel sink with mixer tap, integrated fan assisted electric oven, gas hob and integrated extractor fan, plumbing for automatic washing machine and space for dishwasher or tumble dryer. Space for fridge freezer

Stairs to first floor landing - Loft access, radiator, airing cupboard housing hot water cylinder, doors to all first floor rooms.

Bedroom 1 (2.35m x 4.43m) - Two double glazed windows to front aspect, radiator, TV and telephone point, door to ensuite shower room

Ensuite to bedroom 1 (0.97m x 2.4m) - Shower cubicle with fitted mains powered shower, pedestal wash hand basin with splash back tiling, and low level WC, radiator

Bedroom 2 (2.85m x 2.41m) - Double glazed window to rear aspect, radiator, telephone point

Bedroom 3 (2.85m x 1.96m) - Double glazed window to rear aspect, radiator

Bathroom (1.92m x 1.46m) - Three piece suite comprising of panel bath, pedestal wash hand basin, splash back tiling and low level WC, radiator.

Rear Garden - Paved patio area to immediate rear. Remainder of garden mainly laid to lawn, garden enclosed by timber fencing, gated pedestrian access to rear

Front Garden - Small frontage which is laid to gravel and soil. Bordered by hedgegrow, paved path to entrance door, outside light, tarmac drive providing off road parking for one vehicle.

Council tax band: C

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

£ 291450

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
    £ 8750
  • 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

£ 28950
  • 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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