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£200,000 Offers over
Bedrooms
Bathrooms
Looking for a home in Davenport which is convenient for the village and train station?
Something to get you at it!; a vacant end terrace home alluringly close to Davenport Village ((within half a mile) and Davenport Train Station. Number 59 is also less than a mile from Stockport Train Station and all the goings on in vibrant Stockport Town Centre.
Aside the location, this home is offered with NO ONWARD CHAIN and has benefits such as a good sized lawn garden, two good size bedrooms, a cosy lounge to the front and a sizeable kitchen diner to the rear.
Step over the threshold into the neutrally decorated lounge. From here you can access the kitchen diner to the rear. A door from the kitchen provides access to the cellar chamber. Another door from the kitchen opens to the rear garden.
Stairs from the kitchen lead to the first floor landing. You will find two good size bedrooms and the bathroom/w.c. here.
Number 59 has a small garden frontage. There is a good size lawn garden to the rear.
The property has UPVC double glazing and a combi boiler gas central heating system.
We hope that you would like to take a look at this home for yourself. If so, get in touch; we look forward to hearing from you.
Council Tax: Band A
Tenure: Leasehold - 999 years from June 1897. Ground rent: 8.50 per year
EPC: 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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