7 bedroom terraced for sale

£310,000 OIRO

7

Bedrooms

2

Bathrooms

1

Reception

Floorplan

Padarn Property are delighted to present a unique investment opportunity situated in the heart of the enchanting seaside town of Aberystwyth. Step beyond the conventional facades to discover an exquisitely designed property that stands out as a true gem. We take great pride in showcasing a residence that seamlessly blends investment potential with the charm of family living. This distinctive property, boasting a House of Multiple Occupancy (HMO) license and currently fully occupied for the academic year 2024/25, offers the best of both worlds. Whether you are seeking a robust investment opportunity or a quintessential family home, this property is ideally located just a stone's throw away from the sea. Don't miss the chance to explore the endless possibilities this property has to offer. Contact us now for additional information or to schedule a viewing!



Property additional info

General:
Description: The property is in good order throughout, and invites a unique investment opportunity whilst also being equip to create a charming family home.

Bedroom 2 (Rear): 3.46m x 4.02m
Description: Wooden sash window to rear elevation, period fireplace, single panelled radiator. Size Mixed: 3.46m x 4.02m (11'4" x 13'2")

Bedroom 3 (Rear): 3.16m x 3.2m
Description: Two wooden sash windows to rear, single panelled radiator. Size Mixed: 3.16m x 3.2m (10'4" x 10'5")

Family Bathroom: 3.16m x 3.2m
Description: Panelled bath, low level flush WC, wash hand basin, wooden sash window to front, double panelled radiator, towel radiator. Size Mixed: 3.16m x 3.2m (10'4" x 10'5")

Bedroom 4 (Front): 3.78m x 3.72m
Description: Vaulted ceilings, single panelled radiator, sash windows to front. Size Mixed: 3.78m x 3.72m (12'4" x 12'2")

Bedroom 5 / Study (Front): 2.89m x 2.9m
Description: Velux roof window to front of property, single panelled radiator, Size Mixed: 2.89m x 2.9m (9'5" x 9'6")

Bedroom 6: 3.75m x 4.16m
Description: Dormer to rear wish sash window, double panelled radiator. Size Mixed: 3.75m x 4.16m (12'3" x 13'7")

Bedroom 7: 3.93m x 3.23m
Description: Sash wooden window in dormer to rear, double panelled radiator. Size Mixed: 3.93m x 3.23m (12'10" x 10'7")

Outside:
Description: Rear Yard area with outbuildings and access to service road at the rear. Vehicular access can be gained via the folding wooden gates. The Worcester Gas Boiler is located in one of the outbuildings and accommodates for the Domestic Hot Water and Central Heating.

Services:
Description: Mains Gas, Electricity, Water and drainage connected.

Tenure:
Description: We are advised that this property is Freehold.

Front Gated Yard:
Description: Footpath leading to Slate steps in to

Council Tax:
Description: Band F

Viewing:
Description: By prior arrangement with Padarn Property 01970 627350.

Negotiations:
Description: All interested parties are respectfully requested to negotiate directly with Padarn Property.

Money Laundering Regulations:
Description: On putting forward an offer to purchase you will be required to produce adequate identification to prove your identity within the terms of the Money Laundering Regulations (MLR 2017 came into force 26th June 2017). Appropriate examples: Passport or Photographic Driving Licence and a recent Utility Bill.

Entrance Hallway: 2.57 x 4.52
Description: Wide and welcoming Hallway, Pitch Pine Staircase leading to Fist Floor Landing, Stained Glass window to front elevation, single panelled radiator, door to: Size Mixed: 2.57 x 4.52 (8'5" x 14'9")

Lounge: 3.51m x 4.08m
Description: High Conventional Ceiling with picture rail, a Box Bay window to front elevation, Marble effect wooden surround fireplace, double panelled radiator. Size Mixed: 3.51m x 4.08m (11'6" x 13'4")

Kitchen & Dining Room: 4.01m x 6.34m (l - shaped)
Description: High ceilings, Exposed wooden flooring, patio doors out on to rear garden area. Gas fire to chimney breast. Opening in to the kitchen area. Kitchen is a modern fitted kitchen with a range of base and eye level units. Plumbing for dishwasher, hook-up for an electric oven, laminate work surfaces, Size Mixed: 4.01m x 6.34m (l - shaped) (13'1" x 20'9" (l - sha

Utility Room: 2.5m x 2.1m
Description: Plumbing for Washing machine. door out to rear with quarry tiled flooring. Size Mixed: 2.5m x 2.1m (8'2" x 6'10")

Downstairs Shower Room: 1.94m x 2.17m
Description: Shower cubical, low level flush WC, wash hand basin, double panelled radiator. Tiling from floor to ceiling with window to side elevation. Size Mixed: 1.94m x 2.17m (6'4" x 7'1")

First Floor Landing:
Description: Doors to:

Master Bedroom: 3.77m x 3.41m
Description: Wooden sash windows to front of property, period fireplace, single panelled radiator. Size Mixed: 3.77m x 3.41m (12'4" x 11'2")

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

£ 258450

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
    £ 7750
  • 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

£ 25950
  • 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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