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2-4 Baker Street, HU2 8HP
£125,000
Bedrooms
Bathrooms
Reception
This super spacious, traditional terraced home is well positioned and offers fine living accommodation with great room sizes. Presented in move-in condition, the jewel in the crown is the developed loft space.
Configured with an entrance hall and a staircase leading into a fine living room / diner with an angled bay, a gas burner in the chimney beast and a wooden mantle above. The spacious kitchen includes a gas hob with 5 burners, a double oven and an extractor hood. The dishwasher and washing machine are also integrated and the Ideal gas boiler is plumbed into a vertical cupboard. Through the kitchen is a sunroom with lights to the pitch of the roof and French doors opening to the rear garden.
A staircase from the entrance hall extends to 2 double bedrooms and a large, family bathroom with a corner bath, an electric shower within an enclosure and recessed spotlights. A pedestal basin and WC complete the suite. A fixed staircase from the 1st floor landing extends to developed loft space.
Behind the house is a private lawned garden and a paved patio and this outside area is served by a shared pedestrian access.
The house benefits from gas central heating, double glazed uPVC sash windows, the consumer unit has been recently upgraded and the main roof has been re-covered in recent years.
The location on Raglan St is immediately off Newland Avenue where you will find everything that you need. Cafe bars, restaurants, as many shops as you can count and banks of course. This area has a special vibe - a winning blend of new folks to the area (being close to the University) and long-standing citizens who stick around because they appreciate what the area has to offer. Beverley Road and Princes Avenue are within a short walk and host more facilities including public transport links to both the Hull City centre, Cottingham and Beverley.
Floorplan & EPC to follow 14/11/24
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.
2-4 Baker Street, HU2 8HP
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