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£199,950
Bedrooms
Spacious 5 bedroom, 3 storey end terrace house on Wingrove Avenue, Fenham. Currently rented out so would only be suitable for a buy to let investment. Neutrally decorated though out, also includes third floor landing with additional sitting room/study area with a private rear yard. Excellent location for local amenities and bus routes. Quoting Reference 29079
Reception 1
Laminate floor. 3 x two seater sofas. Coffee table
Kitchen
Tiled floor. Excellent space. All modern appliances. Door to yard.
Bedroom 1
Carpeted. Double bed and furnished with lots of storage.
Bedroom 2
Carpeted. Furnished to good standard including 3/4 bed
Bedroom 3
Furnished to good standard including 3/4 bed
Spare room
Furnished to good standard with lots of storage space. Carpeted
Second floor landing
Bedroom 5
Attic room. furnished. En-suite living area
Bathroom 1
Lino floor. Bath, sink.
Shower room
Toilet and shower cubicle
Parking
On street
Central Heating
Double Glazing
Disclaimer
The Legal Bit: These details do not constitute any part of any offer or contract. Tyne & Wear Property Services that own and operate Pro-Lets & Stud-Lets Letting Agents, for themselves and for the lessors of this or any property, whose agents they are, do not have any authority to give any warranty or representation whatsoever in respect of this property. In particular no statement in these details is to be relied upon as a representation of fact and the prospective tenant(s) should satisfy themselves by inspection or otherwise as to their accuracy.
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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