12 oakfield, antrim, bt41 1js

£149,000 Offers over

3

Bedrooms

1

Bathrooms

1

Reception

McLarnon & Stewart are delighted to present this well positioned property in the ever popular Folly area of Antrim. Ideally located close to all major motorway links, local schools, public transport routes and a wide range of nearby amenities, this property offers superb convenience for families, professionals or investors alike. While the home would benefit from some upgrading and modernisation, it provides a solid foundation with spacious accommodation throughout and excellent potential to create a comfortable family home. With its prime location and practical layout, this property represents a fantastic opportunity for buyers looking to put their own stamp on a well-located house.


Living Area - (4.34M x 3.66M)
Laminate flooring continuing through to the dining area of the open plan kitchen diner. Double radiator and upright designer radiator. Double glazed PVC wood effect windows throughout.


Kitchen / Dining Room - (5.36M x 3.86M)
Open plan layout with tile flooring in the kitchen area and laminate flooring in the dining area. Single radiator, a range of high- and low-level units, stainless steel sink, oven. Double glazed PVC wood effect windows throughout.


Bathroom
Beautifully modern bathroom fitted with a walk-in shower. Grey panelled walls with matching tile flooring. Upright chrome radiator. Double glazed PVC wood effect window.


Bedroom One - (3.05M x 3.07M)
Carpeted flooring and single radiator. Built-in storage. Double glazed PVC wood effect windows throughout.


Bedroom Two - (3.05M x 3.46M)
Wood effect laminate flooring and single radiator. Double glazed PVC wood effect windows throughout.


Bedroom Three - (2.54M x 2.18M)
Wood effect flooring and single radiator. Built-in storage. Double glazed PVC wood effect windows throughout.


Outside
Tarmac driveway to front for up to three cars, with part lawn and small bushes. Fully enclosed rear garden, finished in patio with an additional smaller enclosed rear patio, ideal for outdoor dining or low maintenance living. Semi-detached garage.

This property offers excellent potential for those looking to modernise and create a home tailored to their own taste. While some updating and redecoration are required, the prime location, spacious layout and strong investment value make this a highly appealing purchase in one of Antrims most convenient residential areas. The beautifully modern bathroom is a standout feature of the house, providing a contemporary and stylish finish.

Nearest Stations:

48.45 miles
Stranraer
62 miles
Barrhill
64.78 miles
Girvan
74.33 miles
Maybole
80.53 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

£ 118175

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 3725
  • 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

£ 6425
  • 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

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  %

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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