3 bedroom semi-detached for sale

£485,000 Offers over

3

Bedrooms

2

Bathrooms

Floorplan

For Sale
Large family home
Extended semi detached bungalow
Current floor area 145m2
Huge scope to improve and modernise
Sought after location

This is a rare chance to acquire a large well located Edinburgh home.

The property has been extended upwards and outwards and is now a spacious family home. The incoming buyer will have great scope to either further enhance and extend the home or work with the already large footprint.

In its current layout there is.
Entrance vestibule and front hallway
Living room - large public room with front aspect.
Bedroom - well proportioned front facing bedroom
Bedroom - with rear aspect on the ground floor
Kitchen with wall mounted and floor standing units and side external door - to the driveway and garage.
Ground floor bathroom with shower.
Living room - a large space with glazed doors to the garden. This space has a large living space with dining and living areas as well as another area for work space.
Staircase
On the first floor there is
Large bedroom with lots of storage
Bathroom with shower cubicle, bath, bidet and double sink
Externally the house has a good garden plot. The driveway leads up the side of the house to a garage. The front gardens are mostly lawn with well stocked herbaceous borders.
At the rear there is a good mostly level plot with a mixture of paving, planting and a pond.

Council Tax Band: G

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,097.46

Total Interest: £270,087.15

Overall Total: £755,087.15

Amortization For Monthly Payment: £2,097.46 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£15,377.21 £9,792.36 £475,207.64 
2026£15,059.21 £10,110.36 £465,097.28 
2027£14,730.90 £10,438.68 £454,658.60 
2028£14,391.92 £10,777.66 £443,880.95 
2029£14,041.93 £11,127.65 £432,753.30 
2030£13,680.57 £11,488.100 £421,264.30 
2031£13,307.48 £11,862.09 £409,402.22 
2032£12,922.28 £12,247.29 £397,154.92 
2033£12,524.57 £12,645.00 £384,509.92 
2034£12,113.94 £13,055.63 £371,454.29 
2035£11,689.98 £13,479.59 £357,974.69 
2036£11,252.25 £13,917.32 £344,057.37 
2037£10,800.30 £14,369.27 £329,688.10 
2038£10,333.68 £14,835.89 £314,852.21 
2039£9,851.91 £15,317.66 £299,534.55 
2040£9,354.49 £15,815.08 £283,719.47 
2041£8,840.92 £16,328.65 £267,390.81 
2042£8,310.67 £16,858.90 £250,531.91 
2043£7,763.20 £17,406.37 £233,125.54 
2044£7,197.95 £17,971.62 £215,153.92 
2045£6,614.35 £18,555.22 £196,598.70 
2046£6,011.80 £19,157.77 £177,440.93 
2047£5,389.68 £19,779.89 £157,661.04 
2048£4,747.36 £20,422.22 £137,238.82 
2049£4,084.17 £21,085.40 £116,153.42 
2050£3,399.46 £21,770.11 £94,383.31 
2051£2,692.50 £22,477.07 £71,906.24 
2052£1,962.59 £23,206.98 £48,699.26 
2053£1,208.98 £23,960.59 £24,738.67 
2054£430.90 £24,738.67 £0.00 

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 390,325

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 26,393

Cumulative Rental Profit

£ 263,930

Cost of Purchase

£ 26,575
  • Stamp Duty
    £ 11,750

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12,125
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 31,807
  • Mortgage Interest
    £ 17,565

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £ 7,682
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,820
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£ 542,369
  • Final Equity Profit
    £ 278,439

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 263,930

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 790,014

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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