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£175,000
Bedrooms
Bathrooms
Offered exclusively to investment buyers, this spacious three-bedroom mid-terrace house is available with a sitting tenant and represents an excellent opportunity for investors seeking immediate rental income. The tenant is currently paying 995 PCM, and with a guide price of 175,000, the property offers an attractive potential return.
The home is in good condition throughout and features an entrance hall, a convenient downstairs two-piece cloakroom, and a modern kitchen/diner with ample worktop space and room for dining furniture and appliances. The living room is bright and welcoming, with French doors opening onto the enclosed rear garden, ideal for tenant enjoyment.
Upstairs, the first-floor landing includes useful storage and an airing cupboard. There are two double bedrooms, a generously sized single bedroom, and a white three-piece family bathroom suite with tiled surround.
Additional benefits include uPVC double glazing, gas central heating, and a well-maintained interior throughout.
Located in a popular area surrounded by public transport routes, travel links including the A47, easy access to Brotherhoods retail park, Bretton shopping centre, Peterborough hospital, amenities, schools and doctors surgery.
This is an investment-only purchase with a reliable tenant already in place. Viewings are availablecall now to arrange yours.
Entrance Hall - Laid to wood laminate flooring with storage space under the stairs.
Cloakroom - Laid to a tiled floor and fitted with a matching 2 piece suite consisting of WC and Basin.
Kitchen Diner - 4.78m x 3.45m (158' x 114') - Laid to vinyl floor and fitted with a range of base and eye level units and freestanding cooker. There are spaces for a washing machine and a fridge freezer. Window to the front.
Living Room - 3.18m x 5.26m (105' x 173') - Laid to wood laminate flooring with patio doors and window to the rear
First Floor Landing - Fitted carpet, airing cupboard, store cupboard, access to:
Bedroom 1 - 4.37m x 2.54m (144' x 84') - UPVC double glazed window to rear, fitted carpet, radiator.
Bedroom 2 - 3.61m x 3.25m (1110' x 108') - UPVC double glazed window to front, fitted carpet, radiator.
Bedroom 3 - 2.87m x 2.64m (95' x 88') - UPVC double glazed window to rear, fitted carpet, radiator.
Bathroom - 1.68m x 1.93m (56' x 64') - Laid to a tiled floor and fitted with a matching 3 piece suite consisting of Bath with Shower over, WC and Basin.
Outside - Enclosed rear garden, mainly laid to lawn, raised garden to the rear leading to a single gate and access to the on street parking at the rear of the home.
Tenure - Freehold.
Services - Mains water, electricity, gas and drainage are all connected. None of these services or appliances have been tested by the agents.
Marketing Information - Every effort has been made to ensure that these details are accurate and not misleading please note that they are for guidance only and give a general outline and do not constitute any part of an offer or contract.
All descriptions, dimensions, warranties, reference to condition or presentation or indeed permissions for usage and occupation should be checked and verified by yourself or any appointed third party, advisor or conveyancer.
None of the appliances, services or equipment described or shown have been tested.
Investment Information - If you are considering this property BUY TO LET purposes, please call our Property Management team on . They will provide free expert advice on all aspects of the lettings market including potential rental yields for this property.
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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