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£285,000 Offers over
Bedrooms
Bathrooms
Signature North East are delighted to welcome an exciting and unique opportunity to acquire this immaculately presented, two-bedroom, stone built barn conversion. Boasting an elegant feel with traditional features such as exposed beams and has a bright and airy atmosphere throughout. Nestled within the semi-rural community of Mare Close, Northumberland, this property is in the perfect location with peaceful, natural surroundings for countryside walks as well as an abundance of useful local amenities nearby such as shops, cafes, supermarkets, and schooling for all ages.
Upon entry you are welcomed in to the stylishly presented living room with a beautiful open staircase, there is a walk-in cupboard as well as a good-sized under-stair cupboard, perfect for additional storage space. Trendy french doors flood the room with natural light. Second is the kitchen/diner, boasting a range of matching wall and base units with wood effect worktops including a range of integrated appliances such as oven, four burner gas hob and washing machine.
Leading upstairs to the first floor finds two bedrooms offering a generous amount of space for furnishings, tasteful dcor, exposed beams, and wood flooring. The master bedroom benefits from stunning views to the front of the property. Finishing this floor is the main three-piece, fully tiled bathroom which is fitted with a bath and overhead shower, w.c and sink.
Externally to the rear of the property there is a extremely private, south-facing, quaint garden with a patio area, perfect for alfresco dining and entertaining. To the front of the property there is an attractive garden with a pathway and a driveway big enough to park up to 3 cars.
Living Room - 5.29 x 4.58 (174" x 150") -
Kitchen / Dining Room - 5.29 x 2.74 (174" x 811") -
Bedroom One - 5.32 x 2.8 (175" x 92") -
Bedroom Two - 5.29 x 2.51 (174" x 82") -
Bathroom - 2.31 x 2.07 (76" x 69") -
Tenure: Freehold
Council tax band: C
Map location is not available for this property.
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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