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£550,000 Offers over
Bedrooms
Bathrooms
Set in a quiet residential spot, this home with an independent annex has been in the same family since 1996. The main house has three bedrooms, and the double story annex provides generous accommodation with a large bedroom and bathroom upstairs. Whilst this property has original fittings in places, and you may wish to carry out some improvements, it is very well presented, with a very pretty garden.
Upon entering, you will notice the tidy oak-effect flooring that runs throughout the downstairs, providing practicality and a neat, sleek look. The hallway provides access to the downstairs WC, and doors to all the rooms. The kitchen is to the front, overlooking the close, and is fitted with a comprehensive range of dark oak units with complimentary work tops and tiled splash backs. Integrated units hide a dishwasher, fridge and freezer, the electric oven has a gas hob over. A new gas central boiler was installed in April 25. An archway opens to the dining room - perfect for entertaining or keeping an eye on the children doing their homework, whilst cooking up a storm. Double doors open up to the sitting room which has a large under stairs cupboard, a deep ledge bay window and an attractive Adam-style gas fire for those cooler evenings when you want to cosy up. From the sitting room there is a door to the porch that gives independent access to the annex.
Upstairs has access to the roof, which is insulated, boarded, and has a ladder. The three bedrooms, all with fitted storage share the family bathroom. There is access from the landing to the annex for ease.
The Annex has an open-plan living room with open tread staircase up to the first floor. A kitchenette with fitted cupboards, sink, fridge and a handy breakfast bar is tucked away under the stairs. This dual aspect room has double doors that open to the garden, providing a pretty outlook. Upstairs, the dual-aspect bedroom has mirror fronted wardrobes, and loft access too. An inner hallway leads to the shower room which is in the process of being re-fitted.
Outside, the tandem garage has an electric door and a separate utility room with plumbing for washing machine to the rear. The driveway offers tandem parking in front. A side gate provides access to annex and the rear garden which has a westerly aspect to enjoy the evening sun and alfresco dining.
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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