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£260,000 Guide Price
Bedrooms
Bathrooms
Guide Price 260,000 - 270,000
Royston and Lund are delighted to bring to the market this two bedroom terraced home in the village of Melbourne.
Entering into the hallway you are greeted by the a stairs to the front. On the right is a convenient downstairs w/c and access into a spacious lounge/diner with a window the front of the property. there is a large under stairs storage and a door leading to the kitchen. Fitted with a range of modern floor and wall cabinets with built in appliances including a double over, hob and extractor fan. Further room for freestanding appliances. Double patio doors lead to the south facing garden.
The first floor has two double bedrooms, the main room to the front has a built in storage cupboard. This floor is completed by a three piece shower room.
The rear garden is enclosed and is south facing; laid to lawn with well stocked borders and a patio area; ideal for relaxing and entertaining. To the front you have two parking spaces.
Melbourne is a market town in South Derbyshire and has a range of shops, cafes and public houses. the town has two schools; and infant and junior school, catchment for the Chellaston Academy and the Castle Donington College.
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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