Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£240,000 Offers over
Bedrooms
Bathrooms
A lot of people may of never heard of Eric Drive and that is because its nestled into a quiet little cul-de-sac in the village of Elworth. The location is ideal for anyone commuting using the trains as Sandbach station is just a short five minute walk. Sandbach has popular primary and secondary schools and they are both walking distance from here.
The property itself, offers an impressive 1,084 Sq of internal space which is spread out across three floors. To put that into context, your average three bedroom property in this area is approximately 800 - 900 Sq Ft, so this is considerably bigger then most.
Being sold with no-onward chain, the property is mostly in good order but does need some cosmetic improvements and has been priced competitively to reflect such work. But this gives any prospective buyers a chance to put their own stamp on the houses without a premium.
To summarize, this would be an ideal purchase for first-time buyers and growing families wanting a home that offers a lot of space for the money. An internal viewing is highly recommended to full appreciate what is on offer.
EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 133 years 4 months,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.
The Property has been saved to your favorites
/ 5
It's quick and easy
