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£425,000
Bedrooms
Bathrooms
Reception
Located in the highly sought-after student area of Reading, This 4-bedroom terraced house on Donnington Gardens offers an exceptional investment opportunity. The property is within walking distance to the town centre and just a 2-minute walk from the local Co-Op and other amenities, making it an attractive option for students.
Key Features:
4 Fully Furnished Bedrooms: Each bedroom is thoughtfully furnished and includes an LCD TV, providing students with a comfortable and well-equipped living space.
Spacious Lounge:The generous lounge area is perfect for socialising, relaxing, or studying, ensuring a cozy communal space for tenants.
Fully Equipped Kitchen: The modern kitchen is fitted with all essential appliances, making it easy for students to prepare meals and share living responsibilities.
Bathroom & Shower Room: The property features a convenient first-floor bathroom and an additional shower room on the second floor, catering to the needs of multiple tenants.
Fair-Sized Back Garden: The private garden provides an outdoor area for relaxation and leisure activities.
Gas Central Heating: Keeps the property warm and comfortable throughout the year.
Current Rental Income: The property is currently rented out for ?2,100 per month for the 2024-2025 student year, with a secured tenancy until 30/06/2025.
Seize this excellent investment opportunity! For further details or to schedule a viewing, please contact us today.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Purchasers must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Council Tax
Reading Borough Council, Unknown
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: FTTP
Telephone: Landline
Other Items
Heating: Gas Central Heating
Garden/Outside Space: Yes
Parking: No
Garage: No
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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