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15 High Street, Sileby Leicestershire
£149,950
Bedrooms
Bathrooms
An ideal property for the first time buyer or investor. The property is located in the centre of the village close to amenities and comprises two reception rooms, kitchen, bathroom, a covered utility room, two double bedrooms and a converted loft / hobby room with window, light and power. The property requires cosmetic improvement. There are gardens to the front and rear.
Detailed Accomodation - Entrance door through to reception room one / Living room
Reception Room One - 3.66m x 3.68m back at sides of chimney breast (12 - UPVC double glazed window to the front elevation, fire place with hearth back, wooden sides and over mantle and inset gas coal effect fire. Wooden effect laminate flooring, radiator and door accessing the inner lobby.
Inner Lobby - Stairs accessing the first floor and open access to reception room two.
Reception Room Two - 3.76m x 3.38m to the side of chimney breast (124' - Built-in wood strip cupboards to the sides of chimney breast and an inset decorative period style open fireplace and grill. Radiator and door through to the kitchen. There is access to a vaulted cellar. It should be noted that the cellar can be prone to water ingress depending on water table levels.
Kitchen - 3.02m x 1.37m (911 x 46) - Stainless steal sink unit chrome mixer tap over and matching drainer, gas cooker point base level units, tiled splash backs, roll edge work surface, radiator, laminate flooring, UPVC double glazed window to side elevation with open access to a rear lobby.
Rear Lobby - With access to the bathroom and a covered utility room.
Shower Room - White three piece suite comprising shower cubicle, low flush W.C pedestal wash hand basis, tiled walls, UPVC opaque double glazed window to the rear elevation.
Lean To/ Utility Area & Store - 4.72m x 1.88m (156 x 62) - Brick and concrete slab floor, outside water tap, electric light and power. Covered UPVC roof and UPVC double glazed door and windows to the rear accessing the garden. Roll edge work top, base and eye level units and plumbing for a washing machine.
First Floor - Landing gives way to two double bedrooms.
Bedroom One - 3.73m x 3.68m back at side of chinmey breast (123 - UPVC double glazed window to the front elevation, radiator.
Bedroom Two - 3.38m x 3.28m (front of wardrobe / cupboard) (111 - Double fitted wardrobe / cupboard, double glazed window to the rear elevation, radiator. Door accessing the loft room with fixed ladder.
Converted Loft / Hobby Room - 3.58m x 3.38m (some restricted head height and inc - Double glazed skylight window, electric light and power, hatch accessing the eaves storage. The room is carpeted and offers a very useable and useful space.
Outside - To the front there is a brick walled boundary with small fore garden. Side access leading to an alleyway which in turn leads to the rear (with easement across neighbouring property). To the rear of the property there is an enclosed garden with timber decking area, a pathway and a lawn garden beyond and a further crazy paved patio seating area to the rear of the plot. Timber screen fencing and brick walled boundaries. Please note there is no right of way across the garden of 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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