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£550,000
Bedrooms
Bathrooms
Whether you are seeking a Family Home or a Buy to Let investment, let us introduce you to this fantastic, extended semi-detached home in Cowley, being ideally located for accessing the main hospitals or Oxford Brookes University at neighbouring Headington, bmw, the Oxford Business Park or the Science Park - with a wide range of local shops, restaurants, cafes and other amenities all within walking distance.
The property is currently let out until May 2023 to medics as a five person HMO, so could be sold as an ongoing investment if preferred, or as a vacant possession.
On the ground floor there are three Reception Rooms, including a Living Room with Bay Window to front, Sitting Room with sliding doors to the rear, and a Dining Room accessing the fitted Kitchen - although currently the front Living Room is being used as a Bedroom. There is also a Study and a ground floor WC.
On the first floor, stairs lead to a landing with doors to four Bedrooms as well as a Family Bathroom, with bath, shower, WC and basin, and a Shower Room including large shower cubicle, WC and basin.
Outside the property, to the front there is off street parking on driveway with parking for several vehicles, and to the rear there is a good sized garden which includes a number of useful storage sheds and outbuildings.
The property benefits from gas central heating, with the system being certified yearly de to the current tenancy, and is double glazed.
EPC Rating: D
Council Tax Band: D
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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