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£550,000
Bedrooms
Bathrooms
A three bedroom semi detached home with scope to extend, roof convert and/or garage convert, in this hugely popular and sought after part of Oxford - Old Marston - being in catchment for the Cherwell Academy, retaining its Ofsted Outstanding classification in 2022, as well as the recently opened Swan School. The property provides excellent access to the city centre, ring road, main hospitals and also to the beautiful University Parks, accessible by foot in just a few minutes. This is an ideal family home in a prime Oxford neighbourhood that boasts an incredible community spirit.
The front door opens into an entrance hallway with stairs up to the first floor, and a door to the right off the hallway into the open Living Room and Dining Area. The Living Room area at the front of the property benefits from a solid fuel burning stove, with the Dining Area at the rear leading through to a Conservatory, that then has external door into the rear garden. The Kitchen is fitted with a range of matching kitchen cupboard units with worksurfaces over, with a door through to a lobby area and storage, and beyond that to a ground floor wc.
On the first floor there are three Bedrooms, including two good sized doubles, as well as a family bathroom comprising bath with shower over, wc and wash basin.
Outside the property there is off street parking on driveway to the front, as well as garage attached to the side of the property. To the rear, the garden is spit into lawned and patio areas, with a range of planted beds and borders.
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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