57 donegore drive, antrim, parkhall, bt41 1dx

£89,950 Offers over

3

Bedrooms

1

Bathrooms

1

Reception

McLarnon & Stewart County Homes are delighted to present to the market this mid-terrace property, ideally located in the ever-popular and established Parkhall area of Antrim.

Situated on Donegore Drive, the property offers a functional layout with a bright kitchen, a clean bathroom, and neutral dcor throughout. While generally well-kept, it would benefit from some routine maintenance and cosmetic updating.

This is an excellent investment opportunity with a tenant in situ. The property is fully compliant with current rental regulations, including smoke, heat, and carbon monoxide detection, as well as a valid EICR (Electrical Installation Condition Report), providing peace of mind for landlords.

Externally, the property features a low maintenance front garden and a fully enclosed rear garden. On-street parking is available a short distance from the property. It is conveniently located within walking distance of Antrim town centre and close to local schools, Antrim Area Hospital, Belfast International Airport, and motorway links.

A fantastic opportunity to acquire a rental property in a high-demand location, already generating income with strong long-term potential.

Living room- (4.3m x 3.6m)

Lino flooring continuing through to the front hallway, contemporary wall mounted electric fire, double radiator and double-glazed PVC windows.

Kitchen (4.2m X 2m)

Kitchen with a range of high-and low-level units, Lino flooring, Double radiator, double-glazed PVC windows and rear PCV door. Under stair storage and a WC that requires some remedial works and modernisation.

Hallway (2.5m x 2.1m)

Laminate flooring, Carpeted stairs and upper floor hallway. Double radiator in the downstairs hall.

Bathroom- (1.8m x 1.8m)

Three -piece white suite bathroom with tiled flooring and tiled walls. A bath with an over bath electric shower, hand basin and low-flush WC.

Bedroom One (3.3m X 3.1m)

Grey Laminate flooring, Built in wardrobe, Double radiator and double-glazed PVC windows.

Bedroom Two (3.7m x 2.7m)

Carpet flooring, Built in wardrobe, double radiator and double-glazed PVC windows.

Bedroom Three (3.1m X 2.6m)

flooring, Built in wardrobe, double radiator and double-glazed PVC windows.

Exterior

There is enclosed front and rear gardens. The rear garden has a small concrete shed for additional storage and is paved for low maintenance.

Nearest Stations:

48.92 miles
Stranraer
62.42 miles
Barrhill
65.13 miles
Girvan
74.67 miles
Maybole
80.85 miles
Ayr

Map location is not available for this property.

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

£ 72411.25

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
    £ 2248.75
  • 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

£ 4948.75
  • 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

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  %
  %
£
  %

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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