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£325,000 Offers in excess of
Bedrooms
Council tax band: B
Michael Nicholas Estate Agents are delighted to present this fantastic and characterful PERIOD COTTAGE which is located on the ever popular Salisbury Rd, Downend. The property has undergone many improvements over this ownership and is worthy of an internal inspection to fully appreciate all on offer.
Upon entry you will find an entrance porch, lounge with twin sash double glazed windows and an inset wood burning stove. Continue through and you will find a second reception room with multi fuel burner and flagstone flooring. From this room there is access to the kitchen and a staircase which leads down to a useful additional basement room.
The kitchen is well fitted and very much in keeping with the style and age of property. From the kitchen there is access to the garden and a recently replaced 3 piece bathroom.
To the first floor we have TWO DOUBLE BEDROOMS with one benefiting from an en-suite WC and wash hand basin.
Externally the cottage benefits from a large lawned rear garden measuring approximately 150ft in length, (not currently enclosed but could be if desired) and a large cottage style front garden which has the potential to be part adopted to provide off street parking should that be required (sub to the usual permissions).
Further features include recently installed sash double glazing/doors and gas central heating.
The cottage is situated conveniently in the heart of Downend with easy access to the main shopping area with its various amenities,bars/pubs/restaurants.
Tenure:
The vendor has informed us that this property is freehold tenure. This information will need to be confirmed by your solicitor prior to exchange of contracts.
From our office in North Street turn 1st left into Salisbury Road where number 97 can be found set back on the left hand side.
Entrance
Enter via entrance door into entrance porch.
Entrance Porch
Double glazed windows to both sides, part double glazed door into lounge.
Lounge
13 1 x 12 4 (3.99m x 3.76m) Twin sash double glazed windows to front fireplace with inset wood burner, wood effect floor, part exposed feature stone wall, radiator, recess with stairs leading to first floor, door to dining room/reception 2.
Dining Room/Reception 2
12 4 x 12 4 (3.78m x 3.76m) Double glazed doors to rear garden, feature flagstone floor, fireplace with inset multi fuel burner, door to basement room, radiator, door to kitchen.
Kitchen
12 8 x 6 6 (3.87m x 1.99m) Double glazed window to side, double glazed door to rear garden, inset spot lighting, vertical radiator. A good range of recently fitted wall & base units with matching wooden work top surfaces over, 'Belfast' style sink with mixer tap over, space for washing machine, built in double oven & hob, built in dishwasher, built in fridge/freezer, cupboard with boiler and additional storage space door to bathroom.
Bathroom
Dual aspect double glazed windows, white 3 piece suite comprising a panelled bath with shower system over, low level WC and pedestal wash hand basin, part tiled walls, wood effect floor.
Bedroom 1
Twin double glazed sash windows to rear, radiator, door to en-suite cloakroom.
En-Suite Cloakroom
2 piece suite comprising a low level WC and wash hand basin.
Bedroom 2
12 3 x 13 3 (3.75m x 4.04m) Double glazed sash window to front, radiator.
Basement
Usable basement room with radiator, lights and power. Accessed via reception room 2.
Front Garden
Established garden to front which is mainly laid to lawn with various flower and shrub borders, pathway leading to entrance, low level boundary wall and gate.
Rear Garden
(Not enclosed). Approx 150ft garden which is mainly laid to lawn, paved patio, storage shed. There is a right of access this property enjoys across the rear of the terrace.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £1,405.52
Total Interest: £180,986.23
Overall Total: £505,986.23
Amortization For Monthly Payment: £1,405.52 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £10,304.31 | £6,561.89 | £318,438.11 |
| 2026 | £10,091.23 | £6,774.98 | £311,663.13 |
| 2027 | £9,871.22 | £6,994.99 | £304,668.14 |
| 2028 | £9,644.07 | £7,222.14 | £297,445.100 |
| 2029 | £9,409.54 | £7,456.67 | £289,989.33 |
| 2030 | £9,167.39 | £7,698.81 | £282,290.51 |
| 2031 | £8,917.39 | £7,948.82 | £274,341.69 |
| 2032 | £8,659.26 | £8,206.95 | £266,134.74 |
| 2033 | £8,392.75 | £8,473.46 | £257,661.29 |
| 2034 | £8,117.59 | £8,748.62 | £248,912.67 |
| 2035 | £7,833.49 | £9,032.72 | £239,879.95 |
| 2036 | £7,540.17 | £9,326.04 | £230,553.91 |
| 2037 | £7,237.32 | £9,628.89 | £220,925.02 |
| 2038 | £6,924.63 | £9,941.58 | £210,983.44 |
| 2039 | £6,601.79 | £10,264.41 | £200,719.03 |
| 2040 | £6,268.47 | £10,597.74 | £190,121.29 |
| 2041 | £5,924.33 | £10,941.88 | £179,179.41 |
| 2042 | £5,569.00 | £11,297.20 | £167,882.21 |
| 2043 | £5,202.14 | £11,664.06 | £156,218.14 |
| 2044 | £4,823.37 | £12,042.84 | £144,175.31 |
| 2045 | £4,432.30 | £12,433.91 | £131,741.40 |
| 2046 | £4,028.53 | £12,837.68 | £118,903.72 |
| 2047 | £3,611.64 | £13,254.57 | £105,649.15 |
| 2048 | £3,181.22 | £13,684.99 | £91,964.16 |
| 2049 | £2,736.82 | £14,129.39 | £77,834.77 |
| 2050 | £2,277.99 | £14,588.22 | £63,246.55 |
| 2051 | £1,804.26 | £15,061.95 | £48,184.59 |
| 2052 | £1,315.14 | £15,551.07 | £32,633.53 |
| 2053 | £810.14 | £16,056.07 | £16,577.46 |
| 2054 | £288.75 | £16,577.46 | £0.00 |
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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Tue Jun 10 2025
All confirmed! We look forward to speaking with you.
Tue Jun 10 2025
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