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£495,000
Bedrooms
Bathrooms
A detached 1930s property situated in a cul de sac position boasting excellent Teign Estuary views towards Shaldon, over Bishopsteignton village and the surrounding area. Bishopsteignton benefits from a range of local amenities to include a shop, pharmacy, doctors surgery and a garage for car maintenance.
The property which has been extended sits within a larger than average size plot and has accommodation comprising a welcoming entrance reception hall, lounge, a large kitchen/breakfast room, utility room, 2 bedrooms, shower room and separate bathroom on the ground floor. The property has been extended into the loft area and has 2 dormer conversions to include a large master bedroom with en-suite and a separate bedroom/lounge which benefits from some fine Teign Estuary views towards Shaldon and over the surrounding area.
Outside, the property is approached via a private driveway with parking and a turning area, with a secluded garden to the front, which is level. The garden to the rear is mature and larger than average size with some great potential to develop further, if required. The property also has the advantage of a single garage, 2 large outside workshop/storage areas and 3 stabling barns. There is also the benefit of an outside water tap, power point, eaves storage and under house storage.
Viewing of this property is highly recommended for purchasers seeking a property with a large garden and potential for further development, subject to the necessary planning consents.
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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