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£850,000 Guide Price
Bedrooms
Bathrooms
Situated in a prime location, this period character property boasts stunning architectural features including high ceilings and moulded cornices, presenting the perfect opportunity for a modern refurbishment to create an exceptional family residence. Upon entering the property, a spacious reception hall welcomes you with grand staircases leading to both upper and lower floors, complemented by a striking feature archway adorned with decorative moulded corbels. The principal reception room offers ample space, featuring a charming bay window overlooking the front and a classic fireplace, while the adjacent second reception room has served as a family dining area, complete with a bay window affording natural light. The breakfast room is a relaxed and informal space and features the servant calls bells on one wall along with a very useful suspended creel. The kitchen is well fitted and enjoys views over the garden at the rear.
Ascending to the first floor, you will find four generously proportioned bedrooms and the main house bathroom. Additionally, the property includes a self-contained one bedroom flat on the top floor, complete with a living area, kitchen, bedroom and bathroom. Boasting a private access from the side driveway, the top floor flat has been independently let for a number of years, offering the potential for supplementary rental income.
Extensive cellars run under the entire house providing additional potential or the ever valuable storage.
Externally, the property benefits from a mature front garden and a driveway providing off-road parking for several cars. There is a a garage at the rear of the property, and although vehicle access is limited, it offers an opportunity to considerably increase the area of the existing well-maintained lawned garden bordered by mature shrubs and trees.
The driveway also provides convenient access to the flat through a separate metal staircase.
Excellently located adjacent to Roundhay Park, offering an expanse of over 700 acres for recreational pursuits such as lakeside walks, woodland trails, picnics, and in the winter, an ideal sledging spot. Moreover, the property is conveniently situated near Street Lane, where an array of amenities including cafes, restaurants, shops, and bars can be found. Excellent transport links via nearby bus services ensure easy access to the city centre. This residence presents a rare opportunity to embrace a desirable lifestyle in a sought-after locale.
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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