4 bedroom terraced for sale

£330,000 Guide Price

4

Bedrooms

1

Bathrooms

Floorplan

A four bedroom terraced home which would make a perfect first home or investment property. The house is located mere minutes from Parson Street station and is also within walking distance to the vibrant and eclectic mix of shops and cafs on North Street.

Upon arrival at the house a pathway leads past the lawned front garden to the front door, there is also a gate which leads to the rear garden. Step through the front door into the hallway, from here a flight of stairs rise to the first floor and a door opens into the lounge.

The lounge is a well proportioned principal reception room and bathed in natural light, thanks in part to the windows at the front of the house. There is also a recessed shelving unit. A door at the end of the lounge leads through to the kitchen.

The kitchen is fitted with a range of wall and floor cupboards and also includes an integrated oven and hob. There is also room for a washing machine and fridge freezer. A understairs cupboard is also accessible from the kitchen. A door from the kitchen leads to the rear garden.

Next to the kitchen is the bathroom with a bath with shower over and a wash hand basin, both of which are finished in classic white. The cloakroom with WC and basin can be found in the far corner of the kitchen.

Head back into the lounge and take the stairs to the first floor landing. On the first floor you will find four bedrooms. The two larger bedrooms which are both doubles are located at the rear of the house and overlook the garden. A further double is located at the front as well as a comfortable single bedroom which could be used as a home office.

At the rear of the house there is a generous area of decking which overlooks the garden and beyond, steps from the decking lead into the garden. The garden at the rear is mainly laid to lawn and enclosed by an established hedgerow, at the far end of the garden there is space for a garden shed.

SITUATION

Located within walking distance of the popular a vibrant North Street and its array of cafs and bars, this home will no doubt appeal to first time buyers, families and property investors alike.

Bristol is famed for its growing reputation within the business sector and is home to a number of large employers including Rolls-Royce and the MOD.

The diverse culture within the city makes it an ideal destination for dining out, with a number of high-quality restaurants and brasseries within the Clifton area and throughout the city. The city is also home to a number of iconic landmarks including Brunels Clifton Suspension Bridge and the impressive SS Great Britain. The Bristol International Balloon Fiesta is held annually at the Ashton Court estate and attracts balloonists and spectators from all corners of the world.

Bristol also boasts a modern shopping centre in the heart of the city, Cabot Circus which offers a broad spectrum of shops and dining facilities. On the northern side of the city just off junction 17 of the M5 is the regional shopping centre Cribbs Causeway, again offering a plethora of shops, restaurants, and leisure facilities.

The Heritage city of Bath is also within easy reach of the property. Famed for its Georgian architecture Bath is home to the Roman Baths and is a popular destination for locals and tourists. The city also boasts a racecourse for the racing enthusiasts.

The M4 and M5 motorways are within easy reach, mainline rail connections to London Paddington are offered at Parson Street Station. For those looking to travel further afield, Bristol International Airport is a little over 6 miles away and offers regular domestic and international flights.

GENERAL

Tenure Freehold. Services - Mains water, mains gas, mains electricity. Postcode BS3 5LP. Energy Performance Certificate D. Viewings - Strictly by appointment with the Vendors agent Northwood. Please note some of the pictures have been virtually staged.

EPC rating: D. Tenure: Freehold,

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 274950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 27450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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