Stonebridge Estates & Lettings Limited

Office One The Greystones, Green End Road, Huntingdon Cambs, PE28 5ST

Tort hill, sawtry...

£315,000 Guide Price

2

Bedrooms

1

Bathrooms

3

Reception

Stonebridge Estates are delighted to be offering this two bedroom semi detached in 0.2 of an acre. The property has plenty of garden space, off road parking and oversized single garage and has so much potential. The property is in need of renovation but has been painted throughout. You enter the property at the rear of the property. You enter into the hallway and off the hallway is the bathroom and a door to the dinning area. The bathroom comprises of a sink set in a unit with additional units. There is a low level W.C. and a enclosed shower with mains shower. There is a frosted window to the rear. The dining room has a door way leading to the kitchen and a door to the lounge. The dining room has a window to the side. The kitchen has a range of wall and floor mounted units with space for a free standing cooker, washing machine and fridge/freezer. There is a stainless steel sink and a serving hatch. From the lounge you have stairs leading to the first floor and a door leading to the family room. There is a brick built fireplace and a window to the front. There is a door to an understairs cupboard. In the family room there is a window to the front and a fireplace. On the first floor, there is a door leading to the second room. Both rooms have windows to the front of the property.

Nearest Stations:

8.65 miles
Huntingdon
9.28 miles
Peterborough
10.05 miles
Whittlesea
14.59 miles
St.Neots
16.54 miles
Stamford

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

£ 262575

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
    £ 7875
  • 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

£ 26325
  • 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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