3 bedroom detached for sale

£700,000

3

Bedrooms

1

Bathrooms

Floorplan

A spacious 3 BEDROOM, 2 RECEPTION ROOM older style FAMILY HOME with SOUTH FACING rear patio/garden. Located in this extremely SOUGHT AFTER LOCATION, the house benefits from many FEATURES with good size accommodation. VENDOR SUITED. Viewings are highly recommended. Energy Rating: D63 Exclusive to Maslen Estate Agents.

What the owner says:

'We will be so sorry to leave this house which has brought us so much joy after living here since 1992 . Theres something very special about it as people dont like to leave, and its only had three owners since it was built in 1891!

Its a comfortable house and rooms are a good size. If the new owners wanted to renovate and make a through lounge , the work has already been done and surveyors plans and building regs documents can be supplied. There is also potential to renovate the loft for attic conversion.

We were drawn to the house straight away for its light, original character and features and by the neighbourhood which had a strong community feel , with local shops, pub and takeaway nearby. Theres also have a fabulous community hall on the street offering clubs, talks, childrens activities and a great local school and park nearby making it an incredibly popular area. . It also has a good public transport system , and an easy walk to town and seafront.

Im sending best wishes to the new owners and I hope you love it as much as we have and enjoy the sunny garden and friendly support of the street and all it has to has to to offer.'

Glazed panelled door into:

Entrance Hall - Stairs rising to first floor, coved & moulded ceilings, radiator, doors to all rooms.

Lounge - Sash bay window to front, coved ceiling, radiator, attractive feature fireplace & mantle.

Dining Room - Radiator, double glazed window to rear, attractive feature fireplace, coved ceiling.

Kitchen - Range of wall, base & drawer units with square edged work surfaces over, inset 1.5 bowl sink drainer unit with mixer tap, inset hob with extractor over, space for appliances, 2 x windows to side, doors to rear garden.

First Floor Landing - Doors to all rooms.

Bathroom - Panelled bath with wall mounted shower cubicle over, wash hand basin, low level WC, heated towel rail, part tiled walls, window to side.

Bedroom - Sash window to rear, radiator, built in cupboard.

Bedroom - Double glazed window to rear, radiator, built in wardrobe.

Bedroom - Sash bay window to front, further sash window, radiator, pair of built in wardrobes, attractive feature fireplace & mantle, wash hand basin, coved ceiling, access to the loft.

Outside -

Rear Garden - Laid to patio with flower & shrub borders, enclosed by brick walling.

Total Approx Floor Area - 94.7 sq.m. (1019.0 sq.ft.)

Parking Zone Q -

Council Tax Band C -

V1 -

Map location is not available for this property.

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

£ 580200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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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
    £ 17500
  • 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

£ 55200
  • 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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