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£595,000
Bedrooms
Bathrooms
Michael Nicholas are delighted to offer this well presented and substantial family home in the ever popular Emersons Green area.
Located within convenient distance of the local park, a selection of shops, and two primary schools, in brief the property comprises of the following.
From the entrance porch and spacious hallway you are able to access the lounge, dining room, study, modern kitchen, utility and cloakroom. With the first floor offering 4 well proportioned bedrooms (one with en-suite) and a family bathroom.
The property further delivers on the outside, where you will find a generous driveway able to accommodate several vehicles, and a double garage. There are two useful side gardens, both leading to the well tended south westerly facing rear garden.
The EPC is band C, and is offered by the vendors with no onward chain.
TENURE
The vendor has advised us that this property is of a freehold tenure. This information is yet to be confirmed. Purchasers should obtain information of this from their solicitor prior to exchange of contracts.
From the bottom of Emersons Way proceed up in the direction and passing the shops taking a right into Church Farm Road, Beck Close is the 2nd turning on the right hand side.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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