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£280,000
Bedrooms
Bathrooms
Pennington are pleased to be able to offer this three bedroom semi detached house situated to the North East side of town and in the very popular Northgate catchment. The property offers entrance hall, lounge/diner with bay window, fitted kitchen with space for cooker, fridge/freezer, dishwasher. Good size utility room with plumbing for washing machine and tumble dryer. Downstairs toilet and wash basin. Upstairs two double bedrooms and one single bedroom. Bathroom with wash basin, toilet and panelled bath with shower attachment. Gas central Heating, UPVC double glazing. Front garden with hard standing for several vehicles. L shaped rear garden with patio area and two garden sheds. EPC Band C. Council tax band B. CURRENTLY PROPERTY IS A BUY TO LET WITH CURRENT TENANTS PAYING 1200 PCM
Accommodation
Entrance door into:
Entrance Hall 123' x 62' ( 3.73m x 1.89m)
Stairs off, Radiator, small understairs cupboard, Power points.
Kitchen 98' x 8'11' ( 2.95m x 2.72m)
Stainless steel one and a half bowl sink unit with mixer tap. Range of eye level and base units and set of drawers. Space for cooker, washing machine or dishwasher. Door to rear and door into Utility room.
Living Room 160' x 135' (4.90m x 4.10m)
Upvc Bay window to front of property, Power points, radiator, through to:
Dining Room 911' x 811' (3.04m x 2.72m)
Upvc Window to rear, Power points, Radiator.
Laundry Room/Utility Room 167' x 50' (5.07m x 1.55m)
Base units,Power points, plumbing for washing machine, UPVC window to side. Door to side of property and door into:
Cloakroom 50' x 2.24' (1.54m x 0.73m)
Toilet, corner wash basin.
Landing 66 x 61' (2.00m x 1.87m)
UPVC window to side, Power point. Doors off:
Bedroom 1 125' x 110'(3.78m x 3.36m)
UPVC window to front, Power points, Radiator.
Bedroom 2 113' x 811' ( 3.45m x 2.73m)
UPVC window to rear, Power point, Radiator. Built in cupboard.
Box room/Office 90 x 55' ( 2.76m x 1.66m)
UPVC window to front, Power point, Radiator. Built in cupboard.
Bathroom 68' x 56' (2.05 x 1.68m)
UPVC window to rear, Radiator. Three piece bathroom suite with panel bath with shower attachment, pedestal wash basin, toilet. Fully tiles in bath area.
Outside
To the front these is off road parking for several vehicles and small lawned area. To the rear garden L shaped garden with lawn patio and 2 garden sheds.
Tenure: FREEHOLD
EPC BAND: C
COUNCIL TAX BAND: B
NB CURRENTLY THIS IS A BUY TO LET PROPERTY AS THERE ARE TENANTS IN THE PROPERTY ON AN AST TENANCY AGREEMENT AT 1200 PCM
Map location is not available for this property.
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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