Hawthorn road

£250,000 OIRO

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan

McConnells are pleased to offer to the market this two bedroom end of terrace house with no forward chain. Ideally suited for the first time buyer and their growing family Cedar Childrens Academy is just minutes away as well as Strood mainline train station being within easy reach. Accommodation comprises entrance porch, open plan lounge/diner, kitchen and bathroom to the ground floor with two bedrooms and an office to the first floor. Benefits include gas central heating, double glazing, off road parking for 2 vehicles plus potential to extend subject to planning consent from the local authority.

Entrance Porch: Ceramic tiled floor, double glazed window and radiator

Lounge/Diner: 6440m x 2900m widening to 3760m (217ft x 94ft x 123ft) Wood plank effect laminate floor covering, 2 double radiators, double glazed windows, understairs cupboard housing gas and electric meters

Kitchen: 2910m x 1660m (95ft x 54ft) Range of wall and base units in grey gloss finish, work surfaces, stainless steel sink with chrome monobloc tap, extractor hood, freestanding oven, space and plumbing for washing machine, space for fridge/freezer, ceramic tiled floor, double glazed window and radiator

Bathroom: 1855m x 1750m (6ft x 57ft) Bath with shower mixer tap plus electric shower over bath, wash hand basin, wc, radiator, double glazed window, wood plank effect vinyl floor covering

Bedroom 1: 3255m x 2923m (106ft x 95ft) Double glazed window, radiator and fitted carpet

Bedroom 2 : 2470m x 2075m (81ft x 6,8ft) Double glazed window, radiator, Wood plank effect laminate floor covering

Office: 1655m x 1555m (54ft x 51ft) Double glazed window, radiator, wood plank effect laminate floor covering, Worcester combination gas boiler

Rear Garden: 100ft (approx) With covered patio area, lawn and outbuildings

Front Garden: Raised hard stand parking for two vehicles

Features
  • Freehold

Nearest Stations:

1.24 miles
Strood
1.26 miles
Cuxton
1.65 miles
Rochester
2.2 miles
Chatham
2.5 miles
Higham

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

£ 208950

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
    £ 6250
  • 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

£ 21450
  • 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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