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£85,000
Bedrooms
Bathrooms
A BEAUTIFULLY PRESENTED RED ROSE PARK HOME SITUATED IN A WELL MAINTAINED PARK ON THE OUTSKIRTS OF THE VILLAGE FOR THE OVER 55s '' THE ACCOMMODATION BENEFITS FROM VAULTED CEILINGS, UPVC DOUBLE GLAZED GEORGIAN STYLE WINDOWS AND GAS CENTRAL HEATING. '' The accommodation includes hall, shower room with Wc, two bedrooms, attractively appointed dining kitchen with fridge/freezer, oven, hob and hood, lounge and gardens to side and rear. Communal parking. DO NOT MISS OUT. BOOK A VIEWING TODAY.
Entrance Hall - Approached through a uPVC double glazed side door and having radiator.
Lounge - 3.12m x 2.87m (103' x 95') - With uPVC Georgian style bow window to front, matching window to side, matching uPVC external door, electric fire and surround and radiator.
Dining Kitchen - 2.34m widening to 2.79m x 2.87m (78' widening to - Inclusive of the base and wall cupboards, stainless steel sink unit, built in oven, four ring hob, filtration hood, fridge/freezer, boiler cupboard housing the gas fired central heating boiler, tiled splashbacks, ceiling mounted fan, radiator and uPVC Georgian style double glazed windows to both sides.
Bedroom Two - 2.59m x 2.03m (86' x 68') - With uPVC Georgian style double glazed window to side and radiator.
Bedroom One - 2.87m x 2.77m (95' x 91') - With uPVC Georgian style double glazed window to rear and radiator.
Shower Room - With white suite having chrome finished fittings comprising corner tiled shower cabinet, pedestal wash hand basin, low level Wc, walls partly tiled, radiator, extractor fan, shaver point and uPVC double glazed Georgian style double glazed window.
Outside -
Brick Based & Paved Side Entrance Path - With two external lights, lawn to side, small pebbled area to rear and further land which can be utilised, if desired.
Charges - The ground rent is approx. 150.00 4 weekly. Gas bottles are 85.00.
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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