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20 Portsmouth Road, Hampshire, SO19 9AB
£230,000
Bedrooms
Bathrooms
Reception
Welcome to North East Road! We are delighted to offer sale this end terrace in the sought after location of Sholing. Nestled in a charming and quiet small town, this delightful end terrace property offers an excellent opportunity for both first-time buyers and investors. Boasting two spacious double bedrooms, this freehold home comes with the added benefit of no chain, making for a smooth and hassle-free purchase.
At the heart of the home, youll find two generously-sized reception rooms, perfect for family living and entertaining. The enclosed rear garden provides a private outdoor space for relaxation and recreation.
Local amenities near postcode SO19 8AJ are superb, ensuring convenience and comfort for potential buyers. Within a 3-mile radius, you have access to high-rated schools such as Weston Park Primary School (1.2 miles) and Bitterne Park School (2.5 miles), both known for their excellent educational standards.
Commuting and travel are straightforward, with the M27 motorway just 3.5 miles away and the M3 motorway approximately 7 miles away, providing easy access to Southampton (around 5 miles) and beyond. The area enjoys low crime rates and minimal noise levels, fostering a serene living environment.
This charming end terrace home, with its superb location and excellent features, is a must-see for discerning buyers.
Outdoor enthusiasts will appreciate the proximity to Mayfield Park (2 miles) and Weston Shore (1.5 miles), offering picturesque settings for leisure activities. Additionally, the nearby Bitterne Village (1.5 miles) offers a range of shops, cafes, and essential services, while the presence of multiple office parks in the vicinity implies abundant job opportunities.
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.
20 Portsmouth Road, Hampshire, SO19 9AB
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