3 bedroom detached for sale

£249,950 OIRO

3

Bedrooms

New to the market, Ramsay & White Estate Agents are delighted to offer this stunning 3 bedroom detached property in Heron Walk, Merthyr Vale.
Only 2 years old and set on the popular new Lovell homes estate, the property makes a stunning first time buy for someone. The property is also ideal for a small family or for someone looking to downsize.
Internally you can find an inviting hallway giving access to W.C, Kitchen/Diner & Reception. On the first floor is 3 great size bedrooms one with en-suite and a family bathroom.
Garden lovers rejoice a lovely big open garden laid with patio and lawn can be found to the side that receives the sun throughout the day which comes with gated access leading to driveway and electricity supply.

Ticks all the boxes, one to get in the diary.

Secure your finance before securing your next property through Ramsay & white Finance, Contact us for more information.

Situated on the new link road between Merthyr Val & Aberfan the property has easy access to surrounding villages of Troedyrhiw, Aberfan, Treharris and the larger Town of Merthyr Tydfil offering a selection of Retail & Entertainment options.
The property is just a short walk from the village train station "Merthyr Vale" and bus stations.
The A470 & A465 are approximately a 10 minute drive away in either direction of the village.

Entrance Hallway

Double glazed door to front, storage cupboard, W.C, access Kitchen/Diner, reception & first floor.

Reception

17 0 x 8 6 (5.2m x 2.6m) Double glazed window to rear & side, radiator.

Kitchen/Diner

17 0 x 9 10 (5.2m x 3m) Double glazed window to front, french doors to side, Modern kitchen, sink with riser tap and drainer, integrated dish washer, integrated fridge freezer, integrated oven, gas hob with extractor over.

W.C.

6 6 x 3 3 (2m x 1m) W.C, wash hand basin, radiator.

Landing

Access to Bedrooms & Bathroom.

Master Bedroom

12 5 x 8 6 (3.8m x 2.6m) Double glazed window to front & side, radiator, Shower En-suite.

Bedroom 2

9 6 x 9 10 (2.9m x 3m) Double glazed window to front, radiator.

Bedroom 3

6 10 x 9 10 (2.1m x 3m) Double glazed window to rear, radiator.

Bathroom

6 2 x 6 6 (1.9m x 2m) Double glazed window to front, bath, concealed system W.C, wash hand basin.

Outside

To the side of the property is a large garden that receives the sun throughout the days perfect for those summer bbq's, to rear is a driveway with gated access to the garden with electric power point.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 196411.25

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6248.75
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 8948.75
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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