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£350,000
Bedrooms
Bathrooms
Situated in the desirable residential area of Littleover, this generously proportioned four-bedroom detached property offers an exciting opportunity for modernisation. Positioned on a prominent corner plot, the home is available with no onward chain and benefits from vacant possession, making it ideal for those looking to move quickly or put their own stamp on a property.
The ground floor comprises a welcoming entrance hall, a large, bright and airy lounge, a formal dining room, a downstairs toilet, a functional kitchen, and a conservatory overlooking the large, mature rear garden perfect for families or entertaining.
Upstairs, the accommodation includes four well-sized bedrooms and a family bathroom. The property is warmed by a warm air heating system.
Externally, the home boasts a carport and attached garage, which is conveniently accessible from within the house. The generous front and side gardens wrap around the house, enhancing its curb appeal and adding to the potential for future development or extension (subject to planning permission).
This property presents a rare opportunity to acquire a spacious family home in a sought-after location, with scope to upgrade and personalise throughout.
EPC rating: E. Tenure: Freehold,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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