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3 Nursery Parade, Marsh Road, Luton
£450,000
Bedrooms
Bathrooms
'' URBAN AND RURAL LEAGRAVE ' EXTENDED ' UPGRADED BY CURRENT OWNERS ' DOUBLE GARAGE/STORAGE ' PARKING FOR MULTIPLE VEHICLES ''
Situated in the Oakley Road area is this much improved and extended three bedroom semi-detached bungalow.
Features include; Double glazing: Enhanced energy efficiency and attractive frontage with new double glazing to the front of the property. Comprehensive Climate Control: Benefit from dual heating and air conditioning throughout the lounge, kitchen, and all three bedrooms, in addition to gas central heating via a modern boiler.
Spacious open-plan living: Generous lounge/reception area which would be ideal for family gatherings and entertaining guests. Contemporary bathroom: Fully renovated and featuring luxurious underfloor heating. Modern kitchen extension: Open-plan kitchen/diner with a spacious utility room, designed for modern family living. Loft with development potential: Exceptionally large loft space offering scope for extension (potential for two additional bedrooms and a bathroom (STPP).
Outside has a substantial workshop/double garage which is the size of three single width garages and includes a new electric roller shutter door, double-glazed windows, and French doors. Perfect for a home office, small business, or additional storage.
Outdoor luxury: Enjoy a relaxing hot tub in the private garden. Charming Log Burner: newly installed for added warmth and ambiance. Ample off-street parking: Large driveway accommodates up to four vehicles, with convenient side vehicle access to the rear garden. Expansive rear plot: The generous garden is thoughtfully divided into a family area and a separate section for tool and vehicle storage, plus large outbuilding which spans the width of the plot.
EPC RATING TBC.
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.
3 Nursery Parade, Marsh Road, Luton
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