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£175,000
Bedrooms
Bathrooms
Brand new to the sales market is this wonderful, three-bedroom, end terraced house, currently being used as a holiday let but has everything needed for the perfect family home. Situated in the small village of powburn, the property is close to nature reserves and parks for scenic walks and days out.
You are welcomed in to the home by a brief hall way which gives access to the handy downstairs w.c and spacious living room. The living room area boasts neutral decor and ample space for desired furnishings, from the living room there is access in to the kitchen/diner. The kitchen provides a great deal of storage through a range of base and wall units finished with stylish black quartz work tops. French doors give access in to the charming conservatory which offers versatility and additional space to your home.
Leading upstairs to the first floor finds the bedrooms, all of which showcase tasteful dcor and versatility with the option for a study/office or dressing room is desired. Bedroom three also benefits from having a fitted cupboard for additional storage space. Completing the floor is a three piece family bathroom fitted with a bath and over head shower, wc and sink.
Externally to the rear of the property there is a generously sized, rear garden space as well as on street parking.
All furnishings within the property are also up for separate negotiation from the seller.
Living Room - 4.51 x 4.48 (149" x 148") -
Kitchen / Dining Room - 4.48 x 2.46 (148" x 80") -
Conservatory - 3.03 x 2.79 (911" x 91") -
Wc - 1.84 x 0.92 (60" x 30") -
Bedroom One - 4.1 x 2.4 (135" x 710") -
Bedroom Two - 2.94 x 2.4 (97" x 710") -
Bedroom Three - 2.77 x 1.92 (91" x 63") -
Bathroom - 1.92 x 1.71 (63" x 57") -
Tenure: Freehold
Council tax band: TBC
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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