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586 Leeds Road, Outwood Wakefield, WF1 2LT
£170,000 OIRO
Bedrooms
Bathrooms
Reception
This three bedroom semi-detached family home offers spacious accommodation and benefits from great additional features. Located within walking distance of Pinderfields Hospital and Wakefield City Centre, and with a range of primary and secondary schools nearby, the property would make the perfect home for a growing family.
Current AST fixed until 31st October 2023 with a rental figure of 850pcm.
The property comprises;
Entrance Hall
You enter the property through a uPVC front door into a spacious Entrance Hall with plenty of storage space and access to..
Kitchen (3.56m x 4.02m)
Large dual aspect Kitchen with wall and base units to three sides, an integrated New World electric cooker, induction hob and extractor hood. A full glass uPVC door leads into...
Side Extension
Useful side extension can be accessed from the Kitchen or through an external door at the front of the property. There are two storage rooms and a WC.
Lounge (3.69m x 6.08m)
From the other side of the Kitchen you enter a large Lounge which stretches the full distance of the property itself and has double French doors leading to...
Conservatory (2.71m x 2.87m)
Gable Conservatory which is fully carpeted and provides access to the rear patio.
First floor
Bedroom 1 (3.70m x 3.23m)
Double Bedroom overlooking the front of the property.
Bedroom 2 (3.32m x 2.65m)
Double Bedroom overlooking the rear garden.
Bedroom 3 (3.12m x 2.32m)
Good size Bedroom overlooking the rear garden.
Bathroom (2.22m X 1.50m)
Three-piece suite consisting of wash basin, WC and shower.
Externally there is a small garden to the front and an enclosed rear garden. There is off-street parking to the front of the property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
586 Leeds Road, Outwood Wakefield, WF1 2LT
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