5 bedroom semi-detached for sale

£600,000

5

Bedrooms

2

Bathrooms

Floorplan

Martin and Co are pleased to offer this well presented and ideally located, semi detached family home on Park Road In Prestwich. In brief the property comprises entrance hall, guest bathroom, two good sized reception rooms and an eat in kitchen. To the first floor there are four bedrooms (three of which have fitted wardrobes) and a family bathroom. Bedroom five is located in the loft. The property also benefits from gas central heating, UPVC double glazing, a large block paved driveway which is accessed via electric gates and gardens to the front and rear.

ENTRANCE HALL With a radiator. Low voltage spotlights to the ceiling. Door leading to the guest toilet. Under stairs storage cupboard. Stairs leading to the first floor.

GUEST TOILET With a three piece suite comprising low level toilet, pedestal wash hand basin and walk in shower cubicle. Fully tiled walls. UPVC double glazed frosted windows.

LOUNGE 11 06' x 17 09' (3.51m x 5.41m) With UPVC patio doors leading to the rear garden. Radiator. Wooden flooring. Recess low voltage spotlights to the ceiling. Built out chimney breast with gas feature fire.

DINING ROOM 11 09' x 15 04' (3.58m x 4.67m) With UPVC double glazed windows to the front aspect. Radiator. Wooden flooring. Built out chimney breast with a log burner.

KITCHEN/DINER 14 02' x 20 03' (4.32m x 6.17m) With a range of wall and base units with contrasting worktops over incorporating a one and a half stainless steel drainer sink units with mixer taps. Electric oven with a double hob with recess extractor hood over. Space for free standing fridge/freezer. Recess plumbing for a washing machine. Marble flooring. Space for dining table and chairs. UPVC patio doors leading to the rear garden. UPVC double glazed windows.

BEDROOM ONE 9 11' x 15 04' (3.02m x 4.67m) With UPVC double glazed windows. Radiator. Fitted wardrobes.

BEDROOM TWO 10 04' x 14 09' (3.15m x 4.5m) With UPVC double glazed windows. Radiator. Fitted wardrobes.

BEDROOM THREE 8 03' x 8 06' (2.51m x 2.59m) With UPVC double glazed windows. Radiator. One fitted wardrobe.

BEDROOM FOUR 8 06' x 10 01' (2.59m x 3.07m) With UPVC double glazed windows. Radiator.

FAMILY BATHROOM With a three piece suite in White comprising low level toilet, pedestal wash hand basin and bath. Fully tiled walls. Chrome heated towel rail. UPVC frosted double glazed windows.

LOFT SPACE/ BEDROOM FIVE 14 11' x 21 09' (4.55m x 6.63m) With a staircase leading up to the loft. Two Velux windows.

TO THE OUTSIDE To the front of the property is a good sized garden which is laid to lawn and a block paved driveway providing ample off road parking and accessed via electric gates.

To the rear of the property is a good sized garden which has a flagged patio area which in turn leads to a garden which is laid to lawn.

ADDITIONAL INFORMATION The property is in Council Tax Band E.

We have been advised by the vendor that the property is Freehold.

Features
  • Freehold

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

£ 497700

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
    £ 15000
  • 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

£ 47700
  • 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

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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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