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£495,000
Bedrooms
Bathrooms
Situated within a small cul-de-sac within the highly desirable Sutherland Avenue and close to local schools, shops, King George 5th playing fields, and bus routes is this 3 bedroom detached property which is set in a sizeable plot.
The property is being offered for sale for the first time in 50 years and is worthy of an internal inspection to appreciate all on offer. In brief the property offers the following accommodation:
Briefly, from the entrance porch and a traditional style entrance hallway, you can access a large through lounge/dining room with an additional sun room, fitted kitchen, utility and WC.
To the first floor can be found 3 bedrooms and a family shower room.
Externally the property benefits from very well tended gardens to the front and rear and driveways leading to the garages on either side of the property.
Further benefits include gas central heating (via a combination boiler) and double glazing throughout.
Properties within this location tend to sell quickly, so dont delay call Michael Nicholas to arrange your viewing now.
TENURE
The vendor has advised us that this property is of a freehold tenure. This information is yet to be confirmed. Purchasers should obtain conformation of this from their solicitor prior to exchange of contracts.
A Yearly rent charge 12.60 is registered.
The additional strip of land to the right hand side has a noted restriction that only a garage can be built.
The council tax is band E and the EPC is Band D.
From our office in Downend proceed past the shops and traffic lights and continue along Badminton Road. Take the first right into Cleeve Lodge Road and then next left into Farm Road. Continue along where the road proceeds directly into Sutherland Avenue turning 2nd left in to the a cul-de-sac where the property can be found.
Map location is not available for this property.
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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