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£350,000
Bedrooms
Bathrooms
Scott & Stapleton are delighted to offer for sale this fully detached family house occupying a bold corner position offering huge potential.
This good size property is a bit of a doer-upper in need of full refurbishment & modernisation but offers 3 bedrooms, large double aspect lounge/diner & basically fitted kitchen & bathroom.
Benefitting from a larger than average plot there is ample room and scope form ground floor extensions, loft conversions, garaging, off street parking & outbuildings (stpp).
Located in a sought after & convenient location close to local shops, schools, transport links & Thundersley Glen.
This is a great opportunity for a discerning buyer to add there own market to a property whilst adding considerable value. An early internal inspection is strongly advised.
Accommodation Comrpises - Obscure double glazed entrance door leading to entrance hall.
Entrance Hall - 3.6 x 2.2 (119' x 72') - Full height obscure double glazed window to front. Stairs to first floor, radiator, thermostat control.
Lounge/Diner - 4 reducing to 3.1 x 7.3 (131' reducing to 102' x - Double aspect room with double glazed window to front & double glazed patio doors to rear on to garden. Fireplace, 2 radiators, 2 wall light points.
Kitchen - 3.5 x 3.3 (115' x 109') - Double glazed window to rear, obscure double glazed door to side on to garden. Basically fitted with limited units, spaces for all appliances, fitted larder cupboard, wall mounted Worcester combination boiler (not tested), radiator.
First Floor Landing - 2.7 x 2.4 (810' x 710') - Loft access, radiator, built in airing cupboard.
Bedroom 1 - 3.7 x 3.3 (121' x 109') - Double glazed window to front. Radiator.
Bedroom 2 - 4 x 3.7 (131' x 121') - Double glazed window to rear. Radiator, built in wardrobes.
Bedroom 3 - 3 max x 2.2 (910' max x 72') - Double glazed window to front. Radiator, built in wardrobe.
Bathroom - 2.2 x 2.2 (72' x 72') - Obscure double glazed window to rear. Low level WC, pedestal wash hand basin & panelled bath. Half tiled walls, radiator.
Externally - The property is set well back from the road with a large front garden which could easily provide off street parking (stpp). Mainly laid to lawn with large side & rear gardens. 2 x brick built outbuildings.
N.B - This property is being sold by an Executor and not an OwnerOccupier and these particulars must therefore be read in the light of this.
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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