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£269,000
Bedrooms
A well-presented family home in a great location and within easy reach of local amenities including Gigmill Primary school. With gas central heating and double glazing, internally the property comprises: a reception hall, sitting room, lounge to rear, modern fitted kitchen with extended dining room giving access to the rear garden. On the first floor the landing leads to three bedrooms and bathroom/WC with shower over the bath. Low maintenance gardens to front with off road parking and access to the the rear garden with patio and terraces. EPC C. Council Tax Band B.
THE ACCOMMODATION WITH APPROXIMATE ROOM DIMENSIONS IS ARRANGED AS FOLLOWS:
Entrance Hall . With stairs to the first floor and doors leading to:
Lounge 3m x 3.48m (9`10 x 11`5).
Dining Room 3.96m x 3.12m (13`0 x 10`3). With French doors to the rear garden
Kitchen 2.87m x 3.02m (9`5 x 9`11). Having a range of fitted matching wall and base units with work surface over, 1.5 bowl sink and drainer with tiled splash-backs, Built in oven and hob, storage cupboard and archway leading to:
Extended Dining Area 2.67m x 2.21m (8`9 x 7`3). With French doors leading to the rear garden
First Floor Landing . loft hatch and doors leading to:
Bedroom Three 2.64m x 2.21m (8`8 x 7`3). (L shaped room)
Bedroom One 3.73m x 3.15m (12`3 x 10`4).
Bedroom Two 3.3m x 3.15m (10`10 x 10`4).
Family Bathroom 2.36m x 2.36m (7`9 x 7`9). Having a bath with an electric shower over, hand wash basin and low level WC
Gardens . A low maintance garden to the front with a drive way. Patio and steps to a terraced garden with shrub borders and side access
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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