4 bedroom town house

£425,000 Guide Price

Floorplan

Ground Floor


Entering the property via the ground floor entrance hall gives access to the integral GARAGE and spacious UTILITY which could be an ideal WORKSHOP for those who like to create or tinker. The hallway also houses a useful STORAGE cupboard and a staircase leads us up to the first floor.


First Floor


Here we find the main living areas of this family home, with KITCHEN/DINER featuring fitted kitchen with wall and base units in classic white with contemporary wall tiling and flooring. The DINING AREA overlooks the French Doors with Juliette balcony and can easily host a large family table and chairs, the perfect spot for an after work catch up while the pots bubble away and the kids create their next masterpiece or get some help with their homework.


Across the inner hallway, passing the house SHOWER ROOM with cubicle shower and white suite (basin and W/C), come join me in the SPACIOUS LOUNGE - ideal for those family nights watching Strictly and, with French Doors, overlooks the rear GARDEN and PATIO area.


Second Floor


A staircase from the first floor brings us to three of the four BEDROOMS plus house bathroom with part-tiled walls and featuring a white suite of bath, hand wash basin and W/C. Two of the bedrooms on this floor are DOUBLES with the smallest of the bedrooms being an ideal space for a HOME OFFICE or HOBBY ROOM.


Third Floor


A staircase up to the third floor brings us to the MASTER BEDROOM with En-suite featuring WALK-IN SHOWER, W/C and boutique-style table-top hand wash basin. The bedroom is the perfect retreat for Sunday morning breakfast in bed away from the hustle and bustle of the household.


Exterior


To the front of the property is a private DRIVEWAY in front of the integral GARAGE with paved path area leading to the front door.


To the rear of the property is a low-maintenance GARDEN with fencing to three sides. The PATIO area is the perfect spot for dining al fresco on those lovely summer evenings.


This property is incredibly well presented and will appeal to both couples and families.



Meanwood is a vibrant suburb of Leeds with an abundance of green spaces and excellent amenities. Meanwood Park, with its lush woodlands and open fields, is a haven for nature enthusiasts and families - especially those with four-legged family members to accommodate.


The streets are lined with independent shops, cafes, and restaurants, creating a unique and diverse culinary and shopping experience. The areas schools are highly regarded, making it a welcoming place for families.


Being just a stones throw from Leeds City Centre means you can easily access the Citys many attractions, employment opportunities and entertainment options and, with excellent transport links including buses and train services, commuting is a breeze.



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 Ltd. 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:

1.2 miles
Burley Park
1.2 miles
Headingley
2.12 miles
Kirkstall Forge
2.49 miles
Leeds
2.74 miles
Horsforth

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £1,837.98

Total Interest: £236,674.30

Overall Total: £661,674.30

Amortization For Monthly Payment: £1,837.98 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£13,474.87 £8,580.94 £416,419.06 
2026£13,196.22 £8,859.59 £407,559.47 
2027£12,908.52 £9,147.29 £398,412.18 
2028£12,611.47 £9,444.34 £388,967.84 
2029£12,304.78 £9,751.03 £379,216.81 
2030£11,988.13 £10,067.68 £369,149.13 
2031£11,661.20 £10,394.61 £358,754.52 
2032£11,323.65 £10,732.16 £348,022.36 
2033£10,975.14 £11,080.67 £336,941.68 
2034£10,615.31 £11,440.50 £325,501.18 
2035£10,243.79 £11,812.02 £313,689.16 
2036£9,860.22 £12,195.59 £301,493.57 
2037£9,464.18 £12,591.63 £288,901.94 
2038£9,055.29 £13,000.52 £275,901.42 
2039£8,633.12 £13,422.69 £262,478.73 
2040£8,197.23 £13,858.58 £248,620.15 
2041£7,747.20 £14,308.61 £234,311.54 
2042£7,282.54 £14,773.27 £219,538.27 
2043£6,802.80 £15,253.01 £204,285.27 
2044£6,307.49 £15,748.32 £188,536.94 
2045£5,796.08 £16,259.73 £172,277.21 
2046£5,268.07 £16,787.74 £155,489.47 
2047£4,722.91 £17,332.90 £138,156.58 
2048£4,160.05 £17,895.76 £120,260.82 
2049£3,578.92 £18,476.89 £101,783.93 
2050£2,978.91 £19,076.90 £82,707.02 
2051£2,359.41 £19,696.40 £63,010.62 
2052£1,719.80 £20,336.01 £42,674.61 
2053£1,059.42 £20,996.39 £21,678.22 
2054£377.59 £21,678.22 £0.00 

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

£ 340,825

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 23,091

Cumulative Rental Profit

£ 230,909

Cost of Purchase

£ 22,075
  • Stamp Duty
    £ 8,750

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10,625
  • 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

£ 27,909
  • Mortgage Interest
    £ 15,337

    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)
    £ 6,732
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,100
  • 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

£ 476,114
  • Final Equity Profit
    £ 245,205

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 230,909

    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

£ 692,280

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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