Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
20 Portsmouth Road, Hampshire, SO19 9AB
£220,000 Guide Price
Bedrooms
Bathrooms
Reception
Lets Rent Southampton are pleased to bring to the market this three-bedroom mid-terraced home situated on Cecil Avenue in the well-regarded Millbrook/Shirley Park area of Southampton. Offered with no onward chain, this property presents an excellent opportunity for buyers looking to put their own stamp on a home, investors seeking a project, or developers looking to add value.
The property is in need of full modernisation throughout, providing the chance to create a fantastic family home to your own specification. Properties of this type in this location are consistently popular, and with the right work, significant value can be added.
The accommodation comprises an entrance hall, lounge, dining room, kitchen, and a bathroom, with three bedrooms across the upper floor. To the rear is a garden offering outdoor space with scope to landscape to your taste.
The location is well-served by local amenities, with a range of shops, supermarkets, schools, and transport links nearby. Regents Park Community College is within close proximity, as are excellent road links including access to the M27, and Southampton Central Station is easily reachable for those commuting further afield.
Whether youre an experienced renovator or a first-time buyer looking to get on the ladder with a project, this property is not to be overlooked.
Offered with vacant possession and no onward chain. Early viewing is strongly recommended.
Map location is not available 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.
20 Portsmouth Road, Hampshire, SO19 9AB
The Property has been saved to your favorites
/ 5
It's quick and easy
