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£460,000
Bedrooms
Bathrooms
''' CASH BUYERS ONLY '''
This four-bedroom property on Norton Lane, Sheffield presents an excellent opportunity for cash buyers looking to create their perfect home. With modern features throughout, this spacious detached house offers tremendous potential for those wanting to put their personal stamp on a substantial family home.
The propertys layout includes a generous sitting room, study, and spacious kitchen/dining area perfect for family gatherings, complemented by a practical utility room and guest W.C. on the ground floor. Upstairs features four well-proportioned bedrooms and a 4-piece family bathroom, all awaiting your personal touch. The property benefits from a large rear garden and to the front there is a driveway for off-street parking.
Located in the popular S8 area of Sheffield, this home is within easy reach of Nortons local amenities and shops. Meadowhead and Woodseats shopping areas are just a short drive away, while excellent transport links provide convenient access to Sheffield city centre and the beautiful Peak District. The property is also well-positioned for access to local schools and parks.
Available with no onward chain and to cash buyers only, this blank canvas offers a rare opportunity to create a substantial family home in a sought-after location. For buyers with vision looking to put their own stamp on a property with excellent bones, we strongly recommend viewing to appreciate the full potential on offer.
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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