Stonebridge Estates & Lettings Limited

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

Silver street, peterborough

£190,000 Guide Price

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan

As you enter the property into the lounge, the front door is a uPVC door. There is a door leading to the hall way which then has further door leading to the dining area and stairs leading to the first floor. The flooring is laminated and has a window to the front with a radiator. The dining area lead through to the kitchen and there is a side door leading to a lean too. The dining area has the understairs cupboard turned into a bar area. The kitchen has recently been renovated and a has a range of wall and floor mounted units with stainless steel sink, electric hob and matching oven. There is a window to the side and the worktops have marble effect splash backs matching to the work top. There is a door leading to the rear bathroom. The rear bathroom has a white suite with panelled bath, sink and low level W.C. The walls are tiled. There is a frosted window to the rear. Upstairs there are three bedrooms. The master bedroom is located at the front of the property. This has a window to the front and a door to a storage cupboard. The second bedroom has a window to the rear as does the third bedroom. All the rooms have radiators and the property is serviced by gas central heating. The rear garden is fully enclosed and has some shrubs and bushes.


Lounge - 3.74m x 3.31m

Dining Room - 3.52m x 3.74

Kitchen - 3.45m x 2.02m

Bedroom One - 3.32m x 4.88m

Bedroom Two - 2.63m x 3.72m

Bedroom Three - 3.41m x 2.07m

Nearest Stations:

0.98 miles
Peterborough
5.48 miles
Whittlesea
11.44 miles
Stamford
14.25 miles
March
16.2 miles
Spalding

Mortgage Calculator

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

Monthly Payment: £821.69

Total Interest: £105,807.34

Overall Total: £295,807.34

Amortization For Monthly Payment: £821.69 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£6,024.06 £3,836.18 £186,163.82 
2026£5,899.49 £3,960.76 £182,203.06 
2027£5,770.87 £4,089.38 £178,113.68 
2028£5,638.07 £4,222.17 £173,891.50 
2029£5,500.96 £4,359.28 £169,532.22 
2030£5,359.40 £4,500.84 £165,031.38 
2031£5,213.24 £4,647.00 £160,384.37 
2032£5,062.34 £4,797.91 £155,586.47 
2033£4,906.53 £4,953.71 £150,632.75 
2034£4,745.67 £5,114.58 £145,518.17 
2035£4,579.58 £5,280.67 £140,237.51 
2036£4,408.10 £5,452.15 £134,785.36 
2037£4,231.05 £5,629.20 £129,156.16 
2038£4,048.25 £5,811.100 £123,344.17 
2039£3,859.51 £6,000.73 £117,343.43 
2040£3,664.65 £6,195.60 £111,147.83 
2041£3,463.45 £6,396.79 £104,751.04 
2042£3,255.73 £6,604.52 £98,146.52 
2043£3,041.25 £6,818.99 £91,327.53 
2044£2,819.82 £7,040.43 £84,287.10 
2045£2,591.19 £7,269.05 £77,018.05 
2046£2,355.14 £7,505.11 £69,512.94 
2047£2,111.42 £7,748.82 £61,764.12 
2048£1,859.79 £8,000.46 £53,763.66 
2049£1,599.99 £8,260.26 £45,503.40 
2050£1,331.75 £8,528.50 £36,974.90 
2051£1,054.80 £8,805.45 £28,169.46 
2052£768.85 £9,091.39 £19,078.06 
2053£473.62 £9,386.62 £9,691.44 
2054£168.81 £9,691.44 £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

£ 149,950

Mortgage Loan to Value

79%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 10,023

Cumulative Rental Profit

£ 100,227

Cost of Purchase

£ 7,450
  • Stamp Duty
    £ 0

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

  • Refurbishment Budget
    £ 4,750
  • 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

£ 12,777
  • Mortgage Interest
    £ 6,748

    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)
    £ 3,010
  • Letting Fee
    £ 240
  • Maintenance
    £ 2,280
  • 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

£ 212,266
  • Final Equity Profit
    £ 112,040

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

  • Cumulative Rental Profit
    £ 100,227

    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

£ 309,490

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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