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£190,000
Bedrooms
Bathrooms
Situated on the ever-popular Maiden Vale development in Ryhope, the property is available with no onward chain and will suit a wide range of prospective buyers; early viewing is highly recommended.
Ideally positioned within a quiet cul-de-sac, the property benefits from ease of access to all major transport links. Situated minutes away from the stunning North East coastline and countryside, the home is ideally located within close proximity to Sunderland City Centre and all local amenities.
Constructed in 2017, the property benefits from still being subject to a 10-year NHBC warranty, providing additional peace of mind for prospective buyers, as well as being extremely energy efficient and cost-effective to run and maintain.
The accommodation comprises:
Ground Floor
Driveway and Entrance:
The well-presented front aspect of the property benefits from a generously proportioned driveway, providing off-street parking and leading to an energy efficient, secure, composite front door. The porch area provides access to a centralised alarm system which provides added peace of mind as well as ample porch storage.
Living Room:
The immaculately presented living room benefits from an abundance of natural light and provides a welcoming space. With high quality carpeting throughout, the room mixes contemporary style with homely comfort, providing a warm and inviting area to relax and unwind.
Kitchen/Diner:
Finished to a very high standard, the kitchen/diner benefits from an integrated electric oven, hob and extractor unit, as well as integrated white goods including washing machine and large Fridge-freezer. The dining area is well proportioned, conveniently positioned to lead to the large rear garden via French patio doors and benefits from an abundance of natural light. Access to the discreetly positioned gas-combi boiler is located within the kitchen for convenience.
Rear Garden:
The large, south-facing rear garden benefits from day round sunshine. Currently landscaped to a high level, it has an abundance of development potential and space.
Downstairs W/C:
Very conveniently positioned, the downstairs W/C comprises and toilet unit and washbasin.
First Floor
Bedroom 2:
Beautifully maintained and well presented this generously proportioned second bedroom is situated at the front of the property. Carpeted throughout, the room is warm and comfortable, whilst providing an abundance of floorspace and good natural light.
Bedroom 3:
Situated at the rear of the property and overlooking the rear garden, this well-proportioned room provides a large third bedroom and is carpeted throughout.
Bathroom 1:
The well-presented and immaculately maintained bathroom comprises a large bath, toilet unit and washbasin. With high quality flooring throughout.
Second Floor
Master Bedroom and en-suite Bathroom:
The large master bedroom is located on the second floor and is carpeted, comfortable and well-presented throughout. Benefitting from an en-suite bathroom which comprises a large walk-in shower, toilet and washbasin. With additional storage conveniently positioned at the top of the landing area, the top floor of property provides comfort and convenience.
Central Heating and EPC:
Gas Combi boiler provides efficient central heating. The property benefits from energy efficient characteristics throughout and has an EPC rating of B.
Council Tax Band
The council tax band for this property is C.
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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