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£115,000
Bedrooms
Bathrooms
This bay fronted period residence requires renovation and an ideal investment opportunity. The property benefits from uPVC double glazing throughout and although there is no gas central heating, there is a gas feed to the property. The accommodation in brief comprises storm porch, reception room 1/living room, inner lobby, reception room 2/dining room, kitchen and bathroom; on the first floor landing gives way to three bedrooms. Outside there is a front garden, open courtyard, outside brick built store and a garden beyond, with shared pathway offering access to neighbouring properties.
Detailed Accommodation -
Canopy Storm Porch - With uPVC double glazed window through to
Reception Room One/Living Room - 3.66m x 3.63m (to side of chimney breast not inclu - uPVC double glazed walk in bay window, coving to ceiling, gas fed fire, door to
Inner Lobby - Has door accessing understairs storage cupboard, open access to reception room
Reception Room 2/Dining Room - 3.66m x 3.96m to side of chimney breast (120 x 13 - With uPVC double glazed window, door with stairs accessing the first floor, radiator. Period larder cupboard, door accessing the kitchen
Kitchen - 2.84m x 2.11m (94 x 611) - With double drainer sink unit with cupboards under, base and wall units, gas cooker point, space for tall standing fridge/freezer, uPVC double glazed window and door, door accessing the bathroom
Bathroom - With cast iron bath, low level w.c., pedestal wash hand basin, uPVC double glazed opaque glass window.
First Floor - On the first floor galleried landing gives way to two bedrooms.
Front Bedroom One - 3.68m x 3.63m (to side of chimney breast) (121 x - With uPVC double glazed window.
Bedroom 2 - 3.99m x 2.74m to side of chimney breast (131 x 9 - With uPVC double glazed window and door accessing the loft access hatch.
Bedroom 3 - With uPVC double glazed window, airing cupboard housing the hot water cylinder.
Outside - To the front of the property there is brick walled garden, to the rear there is an open courtyard, a store area and access to a grassed garden beyond. There is a shared pathway with easement to the neighbouring properties.
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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