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£275,000
Bedrooms
Bathrooms
We are pleased to present this 3 bed semi detached house in the village of Burscough which briefly comprises entrance hall, lounge, kitchen diner, utility room, conservatory, landing, three bedrooms, family bathroom and front and rear gardens. Private driveway
Entrance Hall
Front door into porch. Tiled floor. Door to the hallway. Hall floorboards. Doors into the the lounge, kitchen and conservatory. Storage cupboard.
Lounge (14 0 x 13 3 (4.27m x 4.05m))
Bay window to the front. Floor boards. Coving and picture rails. Gas fire cast iron and wooden mantel surround.
Kitchen Diner (15 4 x 13 3 (4.67m x 4.04m))
An excellent range of eye and low level units incorporating a stainless steel sinker drainer unit. Built in electric hob with canopy style extractor hood built over. Built in electric oven. Partly tiled walls. Tiled floor. Window to the side and rear. Boiler.
Conservatory (15 0 x 7 5 (4.58m x 2.26m))
French doors to the rear garden and side garden. Tiled floor. Door to the utility room.
Utility Room (11 6 x 5 6 (3.51m x 1.68m))
Plumbed for automatic washing machine. Window to the side. Door to WC and door to storage outbuilding.
Cloakroom
Low level WC. Window to the side.
Storage Outbuilding
Window to the side and door to the garden.
Landing
Doors to the three bedrooms, bathroom and WC. Window to the rear. Loft access.
Bedroom One (13 11 x 13 3 (4.25m x 4.05m))
Window to the front. Coving to the ceiling. Floorboards. Exposed brick feature wall.
Bedroom Two (9 0 x 13 2 (2.75m x 4.02m))
Window to the side.
Bedroom Three (10 5 x 9 9 (3.18m x 2.96m))
Window to the front. Coving.
Bathroom (5 10 x 9 9 (1.79m x 2.96m))
Two piece suite comprising bath with electric shower and vanity unit wash hand basin. Part tiled walls. Window to the side. Storage cupboards.
WC
Window to the rear.
Front & Rear Gardens
There is a garden at the front with a private driveway. Gate at the side for access to the rear garden. The rear garden is enclosed and has a pebble/stone area, patio area and a lawn.
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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