5 bedroom semi-detached for sale

£240,000

5

Bedrooms

Situated in this cul-de-sac setting stands this extended five/six bedroom semi-detached house providing the perfect opportunity for a buyer wishing to put their own stamp on a property. Offering versatile accommodation the property briefly comprises of a porch leading through to a two reception rooms, fitted kitchen, sun room, a third reception room/sixth bedroom with en-suite to the ground floor with five bedrooms and a family bathroom to the first floor. Externally, the property has an enclosed rear garden, front garden and ample off road parking to the front and side. Early viewing is strongly recommended to appreciate the potential available.

PORCH Accessed via an external door with fitted carpet, opaque windows to the front and side elevations and ceiling light.

RECEPTION ROOM 14 8" x 14 4" (4.47m x 4.37m) With fitted carpet, UPVC double glazed window to the front elevation wall mounted radiator, gas fire with surround ceiling, light and stairs rising to the first floor.

KITCHEN 14 9" x 9 11" (4.5m x 3.02m) Currently with a range of high and low level units with a squared edge worktop over incorporating a twin bowl, stainless steel sink and drainer, range cooker point with extractor hood over, stainless steel backsplash, fitted carpet window and door to the rear elevation, under stairs storage cupboard and ceiling light.

RECEPTION ROOM 11 3" x 11 1" (3.43m x 3.38m) With fitted carpet, UPVC double glazed window to the front elevation, wall mounted radiator and ceiling light

RECPTION ROOM/BEDROOM SIX 10 11" x 10 9" (3.33m x 3.28m) With fitted carpet, UPVC double glazed window to the side elevation and opaque window to the rear elevation, wall mounted radiator and two ceiling lights

SHOWER ROOM With a fitted suite comprising of a corner shower cubicle with electric shower, low flush w.c, half pedestal wash hand basin, ceramic floor and part wall tiling, wall mounted radiator, uPVC double glazed window to the side and ceiling light.

SUN ROOM 14 9" x 8 8" (4.5m x 2.64m) With fitted carpet, windows to two elevations, external door to the rear garden and wall mounted radiator.

LANDING With fitted carpet, loft, hatch and ceiling light

MASTER BEDROOM 12 x 10 10" (3.66m x 3.3m) With fitted carpet, UPVC double glazed window to the front elevation, wall mounted radiator, two ceiling lights and the loft hatch.

BEDROOM TWO 13 11" x 8 6" (4.24m x 2.59m) With fitted carpet, uPVC double glazed window to the front elevation, wall mounted radiator, ceiling light, fitted wardrobes and an airing cupboard.

BEDROOM THREE 10 9" x 9 4" (3.28m x 2.84m) With fitted carpet, uPVC double glazed window to the rear elevation, wall mounted radiator and ceiling light.

BEDROOM FOUR 9 2" x 8 4" (2.79m x 2.54m) With fitted carpet, uPVC double glazed window to the rear elevation, wall mounted radiator and ceiling light.

BEDROOM FIVE 10 9" x 6 (3.28m x 1.83m) With fitted carpet uPVC double glazed window to the front elevation, wall mounted radiator, over stairs storage cupboard and ceiling light.

BATHROOM With a fitted suite comprising of a bath with electric shower over, low flush w.c., pedestal wash hand basin, wood effect vinyl flooring, part ceramic wall tiling, opaque uPVC double glazed window to the rear elevation, wall mounted radiator and ceiling light.

EXTERNAL To the front is a garden with gravelled areas, raised planters and a wall and fenced boundary and having a driveway providing ample off-road parking for several vehicles with double gates leading to a further driveway to the side of the property and providing access to the rear garden which is laid to lawn with a fenced boundary.

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

£ 188700

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
    £ 6000
  • 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

£ 8700
  • 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

Adjust these figures

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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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