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£500,000
Bedrooms
Bathrooms
223 OLD WORTING ROAD WORTING BASINGSTOKE RG22 6NS
All measurements are approximate
A detached period home in need of modernisation with many original features and offering scope for enlargement subject to any necessary consent. The property offers entrance hall, lounge, dining room, kitchen, cloakroom, rear porch, three/ four bedrooms, bathroom, gas central heating, front and rear gardens and garage. Basingstoke offers a traffic free shopping centre and the mainline railway station. The M3 junction 6 &7 are only a short drive away linking London M25 with Southampton.
FRONT DOOR TO:-
ENTRANCE HALL Stairs to first floor
DINING ROOM About 13x 103' Period Fireplace, box bay window, door to kitchen, power points.
SITTING ROOM About 1610' x 116' Period Fireplace, box bay window, door to garden, power points.
KITCHEN About 1011' x 103' Stainless steel single drainer sink unit set in a square edge work top with cupboard under, a further range of matching wall and base level cupboards, larder cupboard, radiator, door to rear lobby.
REAR PORCH Door to rear garden.
CLOAKROOM Low level WC, wash hand basin.
LANDING
BEDROOM ONE About 114'x 103' Front aspect, two single built in cupboards, power points.
BEDROOM TWO About 1011' x 103' Rear aspect, two single built-in cupboards
BEDROOM THREE About 116' x 78' Rear aspect, power points. Leading to
BEDROOM FOUR About 116' x 77' Front aspect.
BATHROOM Panelled bath, low level WC, wash hand basin.
FRONT GARDEN Laid to grass with flower and shrub beds, driveway to.
GARAGE Twin doors, door to garden
LARGE REAR GARDEN Southerly aspect - Laid to grass with flower and shrub beds.
SERVICES All main services. Gas central heating.
EPC RATING D
FREEHOLD
COUNCIL TAX We understand from the Valuation Office Agency that the property is in tax band E.
VIEWING Only by appointment with Parnell Jordy & Harvey, 5 Winchester Street, Overton, Basingstoke, RG25 3HR.
FOLIO 20070 RB29425
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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