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£194,950
Bedrooms
Bathrooms
Reception
Tucked away in a hidden valley between Yarm and Ingleby Barwick is this residential park for over 50s. This gated community offers peace, tranquility and fantastic views along the river Leven. Its quite common to see deer, foxes, buzzards, swans and maybe an occasional otter. The park is a real gem and a lovely place to live.
A rare opportunity to purchase this bungalow with a spacious kitchen diner with built in appliances and door to the rear garden, ample room for a dining table and has a central island which also offers a breakfast bar. The lounge has windows to three sides and a patio door onto a seating area with amazing views along the valley.
There are two double bedrooms, one of which has a dressing room and en-suite shower room. There is a spacious house bathroom with spa bath, wash basin and WC.
To the rear is a lawned garden with mature shrubs, plants and great views. This connects to a private patio, again with lovely views of the valley. To the other side a path connects to the front of the house with floral borders and a private parking space.
The park is only a couple of miles from Yarm Town Centre with its many coffee shops and restaurants. Ingleby Barwick is also very close and has some great amenities including a large Tesco.
Council Tax Band: A
Tenure: Leasehold (86 years)
Ground Rent: 218 per month
Parking options: Driveway, Off Street
Garden details: Enclosed Garden, Front Garden, Private Garden, Rear Garden
Electricity supply: Private
Heating: LPG, GSHP
Water supply: Mains
Sewerage: Septic Tank
Broadband: None
Accessibility measures: Not suitable for wheelchair users
Restrictions: Holiday home rental, Subletting 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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