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£175,000 Guide Price
Bedrooms
Bathrooms
Enquire and book online quoting reference 23120
This family home is situated in a quiet road close to all local amenities and with easy access to the City. The house requires some updating and has been priced accordingly, and will attract first time buyers or those looking for a family home to update and make their own. Originally built as a two bedroom home, the current owner reconfigured the first floor to provide three bedrooms, which could easily be reversed to provide two large bedrooms.
With the added benefits of double glazing throughout, a large garage and downstairs cloakroom and utility room , the house is offered with immediate vacant possession. The accomodation comprises:
Entrance Hallway
Open plan lounge / dining area 6.6m x 4.3m
Bay window to front. Gas fire. Large understairs cupboard. Glazed doors leading to:
Kitchen 2.4m x 4.3m
Fitted with a selction of wall units and base units. Window to rear. Folding doors leading to:
Utility Room 2.7m x 1.8m. Fitted sink and space for washing machine.
Cloakkroom. WC and basin.
Staircase to first floor.
Landing area with loft access.
Bedroom 1 3.4m x 2.7m Window to rear. Fitted wardrobe
Bedroom 2 3m x 2.5m Window to front
Bedroom 3 2.2m x 1.7m Window to front
Shower room 1.7m x 1.5m. Corner shower unit. White suite. Window to rear
To the front of the property is an attractive garden area which offers potential for conversion to off road parking.
At the rear, the garden is currently paved, with a built in BBQ and a large garage. Access to rear driveway.
Council Tax Band
The council tax band for this property is B.
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.
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