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£230,000
Bedrooms
Bathrooms
Offered with no onward chain, this three-bedroom semi-detached home on Lock Lane, Partington, presents a fantastic opportunity for buyers looking to modernise and make their own. Set on a large plot with gardens to three sides, this property offers excellent outdoor space while maintaining a private feel, ideal for families or those looking to create their forever home.
Upon entering, you are welcomed by an entrance hall leading to a bright living room positioned to the front of the property. Double doors connect the living room to the dining room, allowing the space to be enjoyed as open-plan or as separate rooms to suit your lifestyle. The fitted kitchen provides a practical space overlooking the garden, with access leading through to the integral garage, offering potential for conversion or additional storage.
Upstairs, the property offers three well-proportioned bedrooms, providing ample space for family living or home office use. The bathroom features a separate WC, providing convenience for busy households.
Externally, the gardens are mainly laid to lawn with timber fence boundaries and a paved patio area, providing plenty of space for outdoor entertaining, childrens play, or future landscaping projects. To the front, there is off-road parking, ensuring practicality for day-to-day living.
This property is an excellent project for those seeking to add their own style and create a home on a generous plot in a popular location, with the benefit of no onward chain for a smoother purchase process.
EPC Grade TBC
Leasehold
999 years from 24 May 1963
Ground rent 10pa
Council Tax Band B
Material information;
Roof type: Unknown
Mobile signal/coverage: Good
Flooded in the last 5 years: No
Does the property have flood defences? No
Building Safety: N/A
Construction materials used: Brick
Water source: United Utilities
Electricity source: Eon Next
Sewerage arrangements: United Utilities
Heating Supply: Gas Boiler and Central Heating
Broadband internet type: Not fitted
Is the property listed: No
Does the property have required access (easements, servitudes, or wayleaves)?No
Do any public rights of way affect your property or its grounds? No
Parking Availability: Off Road in front of garage and on the road to the front
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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