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£700,000
Bedrooms
Bathrooms
CASH BUYERS ONLY. Sorrell are favoured with instructions to offer sale this semi detached house arranged as 2 vacant self contained flats. Prime location with extensive estuary views and enormous potential. Further details available on request.
Ground Floor Flat - Door to
Kitchen - 3.50 x 3.15 (115' x 104') - Fitted with cupboard and draw units, sink unit, radiator, glazed window to rear, door through to innder lobby with doors off onto
Lounge - 5.54 max x 4.27 max (182' max x 140' max) - Double glazed bay window to fromnt with estuary views, laminate flooring, radiator, door to lobby with dounle glazed door to rear garden
Bedroom One - Double glazed window to rear with views, leadlite window to side
Bedroom Two - Opaque glazed window and door to rear access, radiator
Bathroom/Wc - Panalled bath, pedastal wash hand basin, closed coupled wc radiator, opaque glazed window to side
First Floor Flat - Split level entrance hall
Lounge - 3.51 x 3.72 to alcove (116' x 122' to alcove) - Double glazed window and door leading to balcony with panoramic estuary views, double glazed window to side, radiator
Bedroom One - 4.57 x 3.77 max (1411' x 124' max) - Double glazed window to front with estuary views, radiator, fitted cupboards
Bedroom Two - 3.43 x 2.54 (113' x 83') - Double glazed leadlite windows to rear, built in cupboard, radiator
Kitchen - 3.13 x 2.12 (103' x 611') - Double glazed window to rear, built in electric oven and hob, sink unit, plumbing for washing machine, cupboard and draw units
Bathroom/Wc - 3.18 x 1.82 (105' x 511') - Panalled bath with electric shower over, pedastal wash hand basin, closed coupled wc, opaque double glazed window to side and rear, radiator
Externally -
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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