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£360,000
Bedrooms
Michael Nicholas Estate Agents are delighted to offer this 3 storey Period style terrace located within the popular area of Fishponds. The property is set within Downend Road which offers easy direct access to the local shops, bars, restaurants, schools and bus routes and in brief offers the following accommodation.
On entering the property you will find an entrance hallway, lovely lounge to the front with a feature bay window, separate dining room with a feature fireplace, under stairs snug area and double doors to the rear garden. The room opens in to a well appointed kitchen, with light coming from the dual aspect windows.
To the first floor can be found the master bedroom and a large fantastic family bathroom. To the second floor can be found 2 further bedrooms.
Externally the property offers a traditional style front garden and an enclosed patio garden to the rear.
Further benefits include double glazing and gas central heating.
Properties of this style, location and price band tend to sell quickly, so dont delay, call to arrange your internal inspection.
Tenure/Information
The vendor has informed us that this property is of Freehold tenure with a rent charge of 3 per year. This information is yet to be confirmed. Purchasers should obtain confirmation of this from their solicitor prior to exchange of contracts.
Please note these photos have been taken by the owner.
From our office in Downend proceed along Downend Road in the direction of Fishponds. Continue along until you reach number 6 on the left 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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