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89 Sterry road, Gowerton, Swansea
£200,000 OIRO
Bedrooms
Bathrooms
For Sale 14/14A Danygraig Road, Port Tennant, Swansea SA1 8LY
Offers in the Region of 200,000 | Freehold | No Chain
Description:
A superb investment opportunity to acquire this modernised freehold property, ideally located on Danygraig Road, Port Tennant. Just 1.3 miles from Swansea City Centre, the property is within easy reach of local shops, schools, Swansea University campus and Swansea Bay seafront.
The property is arranged as two self-contained flats (ground floor and first/second floor), both of which have been recently updated with new kitchens, cushioned flooring in kitchens and bathrooms, and new grey carpets in bedrooms.
Offering excellent rental potential with a combined income of approximately 1,750 PCM (1,100 first/second floor flat & 650 ground floor flat).
Offered to the market with no onward chain.
Accommodation:
Flat 14 (Ground Floor)
Entrance Porch: Double glazed entrance door, stained glass feature.
Hallway: Access to lounge, kitchen, bathroom, and bedrooms.
Lounge: Front reception with bay window and decorative fireplace.
Kitchen: Newly fitted with modern wall and base units, stainless steel sink, splashback tiling, plumbing for appliances, cushioned flooring, and access to rear garden.
Bathroom: Modern three-piece suite comprising WC, wash hand basin and bath with shower over. Cushioned flooring.
Bedrooms: Three bedrooms, all newly carpeted in grey. Rear bedroom enjoys views towards Mumbles.
Flat 14A (First/Second Floor)
Entrance Porch: Double glazed door, Tough Carpet flooring.
Hallway: Access to living accommodation.
Lounge: Spacious front reception with bay window and decorative fireplace.
Kitchen/Diner: Newly fitted with a modern range of wall and base units, stainless steel sink, splashback tiling, plumbing for appliances, cushioned flooring, and garden access.
Bathroom: Stylish three-piece suite with bath and shower over, WC and wash hand basin. Cushioned flooring.
Bedroom: Large double bedroom with new grey carpets and rear aspect window.
Externally
Shared rear garden for both flats.
Concrete area with steps leading down to garden level.
Street parking available
Key Features
Freehold property comprising two self-contained flats
Recently modernised throughout
New kitchens & bathrooms with cushioned flooring
New grey carpets in bedrooms
Rental potential of approx. 1,750 PCM (1,100 upstairs, 650 downstairs)
Offers in the Region of 200,000
No chain
Map location is not available for 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.
89 Sterry road, Gowerton, Swansea
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