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2-4 Baker Street, HU2 8HP
£85,000
Bedrooms
Bathrooms
Reception
A nicely presented 2 bed end-terrace, this home is in a great spot on the doorstep of the University of Hull and benefitting from everything that this location offers.
The front door opens to an enclosed entrance porch and a lounge with a wide window to the front and a gas fire set into a fireplace and surround.
Through the lounge a is nicely fitted kitchen with a selection of white base units, mounted cupboards and an electric cooker. A window to the back is positioned behind the stainless sink and drainer.
The rear lobby opens to a private rear courtyard and at the back of the house and through the lobby is a bathroom with a full suite.
A staircase from the kitchen extends to a short landing and 2 double bedrooms.
The house benefits from uPVC double glazing and gas central heating and can be viewed by appointment.
The location on Exmouth St is very close to 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 providing more facilities including public transport links to both the Hull City Centre, Cottingham and Beverley.
Council Tax band A
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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