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£175,000
Bedrooms
Bathrooms
Hamble Park is in an enviable location close to Warsash Common for those who enjoy their walks and just a miles stroll to Warsash Village centre and with a good local pub, The Jolly Farmer, nearer by. Driving into the park you will notice how tidy and well-maintained it is. There is an on-site manager to keep things running smoothly.
This mobile home has a pitched roof and skirt adding to its insulation and curb appeal. There is a driveway providing parking for one car leading to one side of the property, the entrance to the other. Steps lead up to the handy entrance porch with front door into the hallway. Doors lead off the hall to the bedrooms and shower room and into the kitchen. The kitchen is fitted with cream wall and base units with integrated appliances including a fridge/freezer, washing machine, dishwasher and an electric oven with gas hob. The gas combination boiler is hidden away by a matching cupboard. There is room for a small table and chairs, and it is open plan to the living room at the front of the home with a full-length window letting in lots of light. There is a second entrance door to the side too. Both the bedrooms have fitted storage with wardrobes and overbed canopy cupboards and share the shower room, which has a modern white suite with corner shower cubicle.
The front gardens are open plan. However, there is a private garden area behind the property, there is also a good-sized shed/store. Hamble Park is managed by Berkeley Parks, there is an individual mains gas supply with metered electric & water supplied via the site. The pitch fee is 284.99 per month.
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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