2 bed, 2 bathroom house

£250,000 Offers over

2

Bedrooms

2

Bathrooms

Floorplan

This stunning 2 Bed Town House is situated in the highly sought-after location of Holts Crest Way, located just a stones throw away from Leeds city centre. Nestled between the Leeds Liverpool Canal and River Aire, this property makes a FABULOUS HOME or ideal INVESTMENT OPPORTUNITY.


Ground Floor


Through the front door to the entrance hall, off which are a large double bedroom, bathroom and cupboard.

The ground floor DOUBLE BEDROOM is a convenient 2nd bedroom or home office. To the rear of the floor we have the MODERN BATHROOM, fitted with a walk-in shower, W/C and hand wash basin. There is also useful space under the stairs where the washing machine is located hidden out of view.

The hallway also has a STORAGE cupboard which houses the modern gas combi boiler whilst still providing an abundance of space for storing coats, shoes and garden tools. Stairs lead up to the first floor.



First Floor


Here we find a fantastic open plan KITCHEN / DINER / LIVING area, with modern units and appliances, a breakfast bar with plenty of seating space and a cosy living area, with a Juliet balcony giving open views onto the canalside and beyond.

This versatile space makes an excellent hub for hosting dinner parties, working from home, cooking up a culinary storm or simply having a quiet night in front of the TV.



Second Floor


A staircase up to the second floor brings us to the LARGE MASTER BEDROOM with an en-suite featuring a BATH, w/c and a hand wash basin. The bedroom suite also features a charming Juliet balcony. It is the perfect spot for Sunday morning breakfast in bed.



Exterior


To the front of the property is an easy to maintain garden, with patio and small lawned area, space to enjoy the summer evenings with a glass of wine or a barbeque.


Parking


There is an allocated parking space adjacent to the building.


Tenure


The property is being sold with vacant possession, and is chain free. The fixtures, fittings and furniture are available by separate negotiation.


Location


Being just a stones throw from Leeds City Centre means you can easily access Leeds many attractions, employment opportunities and entertainment options.

Leeds Train Station is a 1 mile walk offering great connectivity without need for a car.


This property is incredibly well presented and will appeal to both couples and young families for their own occupation, or for a landlord as an investment opportunity.

Prior to this sale we have been managing this property for the current owner which has proved to be very popular with professional tenants. As a guide, rental values would be around 1200 pcm.


Other Information


EPC rating B - the property is well insulated and should help reduce running costs.


PLEASE NOTE The extent of the property and its boundaries are subject to verification by inspection of the title deeds. The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. The internal photographs used in these particulars are reproduced for general information and it cannot be inferred that any item is included in the sale.


VIEWING ARRANGEMENTS Strictly by prior appointment with Silverspring Sales & Lettings. TENURE: We are advised by our client that the property is FREEHOLD. MONEY LAUNDERING REGULATIONS Money Laundering Regulations (Introduced June 2017). To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale.


Nearest Stations:

0.88 miles
Leeds
0.98 miles
Burley Park
1.68 miles
Headingley
2.28 miles
Cottingley
2.78 miles
Kirkstall Forge

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

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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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