3 bedroom semi-detached property

£260,000 OIRO

3

Bedrooms

1

Bathrooms

3

Reception

Quickmove are pleased to present to the market this three bedroom semi-detached property located in the popular area of Riddlesden. The spacious property provides good sized family accommodation and comprises: Ground floor entrance hall, lounge. dining room with patio doors leading out to a conservatory and very spacious kitchen with integrated appliances which is enhanced by side extension. First floor: Three bedrooms and bathroom. Outside the property has gardens to the front and rear and off road parking. This property would make an ideal purchase for the growing family and is within walking distance of local amenities. Viewing highly recommended.

Property additional info

GROUND FLOOR:
Spacious entrance hall with stairs rising to the first floor and utility area.

Lounge:
Spacious room to the front elevation, with marble effect feature fireplace, gas fire and central heating radiator

Dining Room:
Another spacious living room with central heating radiator

Kitchen:
Spacious modern kitchen with base and wall units and useful breakfast bar with cupboards above. Featuring white sink with matching mixer tap, electric oven and hob with extractor hood over. Part tiled walls and lino effect flooring.

Conservatory:
Very useful conservatory with tiled flooring and doors leading out the rear garden

FIRST FLOOR:

Bedroom 1:
Good sized double bedroom with window to front elevation, central heating radiator.

Bedroom 2:
Double bedroom with built in wardrobes and central heating radiator, situated to the rear of the property.

Bedroom 3:
Smaller bedroom which could be used as bedroom or office, central heating radiator, window to the front elevation.

Bathroom:
With modern three piece suite in white comprising twin grip panelled bath with gold mixer taps/shower attachment, shower curtain, pedestal wash hand basin and low flush wc. Useful storage cupboard.

OUTSIDE::
Gardens to front and rear with off road parking

Nearest Stations:

1.15 miles
Crossflatts
1.55 miles
Keighley
1.87 miles
Bingley
3.73 miles
Saltaire
3.86 miles
Steeton and Silsden

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

£ 217200

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
    £ 6500
  • 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

£ 22200
  • 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

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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