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£685,000
Bedrooms
Bathrooms
Desirably located on the cusp of Battledown, Charlton Kings, and Cheltenham. This unique property features an upside down design in order to make the most of the stunning views.
The property is accessed via Harp Hill and provides driveway parking for three vehicles, and an attached garage with personal door into the property. The rear garden is accessed via the bedroom level on the lower ground floor.
Accommodation measures over 2000 Sq Ft, and briefly comprises; a large entrance lobby, and an entrance hall. An attractive feature is the double aspect living room and formal dining room, both with French doors and Juliet balcony taking in the views. The kitchen breakfast room has a double aspect with views of Cleeve Hill and The Malverns, furthermore there is a separate utility with WC. On the ground floor there are four bedrooms, three of which are doubles, an en-suite shower room to the master, family bathroom, and a large storage room. A rear porch leads into a good-size garden having a patio, lawn and raised decking area with garden shed.
Further benefits include gas central heating and photovoltaic solar panels assisting with more affordable power and a rebate for excess energy.
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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