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£565,000 Fixed Price
Bedrooms
Bathrooms
16 Comiston Springs Avenue is a traditional Detached Bungalow located in the desirable area of Comiston, midway between Fairmilehead and Morningside to the south of the city centre. The property would now benefit from modernisation and upgrading, but offers excellent potential to provide a comfortable family home in a quiet, mature and highly regarded residential district.
The property is entered via a welcoming entrance vestibule leading to a spacious hallway. The bright and airy sitting room is located to the rear and enjoys a leafy outlook across the private rear garden. The kitchen is positioned to the side and has an outer door leading round to the gardens. There are three good-sized bedrooms and a shower room with electric shower, along with good storage, a large attic with fitted Ramsay ladder providing access and a spacious cellar/workshop which is accessed from the rear of the property.
Garden
The property boasts mature and well maintained private gardens to both front and rear, with areas of lawn, easily manageable borders, bushes and shrubs, a greenhouse and ample space for outdoor furniture. The rear garden enjoys a good measure of privacy and seclusion and a flood of natural light.
Parking
The property includes an attached garage, with electrically powered roller door, and a driveway providing convenient off-street parking.
Fixtures and Fittings
All fitted carpets and fitted floor coverings, blinds, curtains and kitchen appliances are to be included in the sale price.
The property is sold as seen and no warranties can be provided regarding the condition of the fixtures, fittings or appliances.
Services
The property benefits from gas central heating and double glazing throughout, ensuring comfort and energy efficiency.
School Catchments
This property is in the school catchment area for the highly regarded Pentland Primary School, St. Marks RC Primary School, Firrhill High School and St. Thomas of Aquins RC High School.
Viewing
Viewing is initially via the 360 degree virtual tour, with physical viewings available by appointment only through Truscott Property.
Council Tax Band F
Tenure - Freehold
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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