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£595,000
Bedrooms
Bathrooms
Michael Nicholas are honoured to offer this well presented and substantial detached family home.
The generous accommodation briefly comprises of an entrance porch, hallway and cloakroom, with doors leading to a lounge, dining room, conservatory and modern open plan kitchen/breakfast/utility room.
On the first floor you will find five bedrooms (the master with en-suite facilities) and a family bathroom.
Further benefits include a large fully enclosed south facing rear garden, with a double garage and off street parking for several vehicles, The property is situated in a cul-de-sac location with an open aspect overlooking Warley Brook nature reserve.
An internal inspection is highly recommended to fully appreciate all that is on offer, so no hesitation call Michael Nicholas on to secure an appointment.
TENURE
The vendor has advised us that this property is of a freehold tenure, as is subject to a nature reserve maintenance tariff of approximately 150pa. This information is yet to be confirmed. Purchasers should obtain information of this from their solicitor prior to exchange of contracts.
From our office in North Street take the 1st left into Salisbury Road and right at the t junction into Northcote Road, continue on through Mangotsfield into Rodway Hill, over the bridge into Carsons Road and 1st exit off of the roundabout into Elizabeth Way where No 57 can be found at the rear of the cul-de-sac overlooking the conservation area.
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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