Five bedroom semi detached house for sale

£500,000 Offers in excess of

5

Bedrooms

3

Bathrooms

2

Reception

*** CHAIN FREE - EXCELLENT LOCATION *** IDEAL PROPERTIES are pleased to offer for sale this extended five bedroom semi detached property situated in the sought after Challney area of Luton. Internally the property has a two large reception rooms, fitted kitchen/diner, study room, shower room with w/c, five well proportioned bedrooms and three bathrooms with WCs. Further benefits include gas to radiators central heating, double glazed windows, a brick built annex to rear, front and rear gardens and off road parking. The property is offered with no upper chain complications and viewing is highly recommended.



Features
  • Close to Hospital
  • Sought After Area


Property additional info

Hallway: 14'2" x 10'3"

Lounge: 13'8" x 12'2"

Second Reception: 21'5" x 11'8"

Kitchen/Diner: 21'7" x 14'1"

Downstairs Bedroom W/En suite: 14'11" x 6'5"

En Suite: 6'3" x 4'6"

Landing: 15'3" x 15'9"

Bedroom 2: 13'10" x 12'4"

En Suite: 8'11" x 6'4"

Bedroom 3: 11'7" x 10'7"

Bedroom 4: 12'2" x 9'

Bedroom 5: 12'2" x 6'6"

Main Bathroom: 7'2" x 6'5"

Brick Store Room at rear end of garden: 24'8" x 16'2"

Nearest Stations:

1.07 miles
Leagrave
2.3 miles
Luton
3.26 miles
Luton Airport Parkway
5.1 miles
Harlington
7.18 miles
Harpenden

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 415200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 12500
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 40200
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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