First floor

£125,000

2

Bedrooms

1

Bathrooms

1

Reception

Floorplan


Situated in a quiet and peaceful location in the sought after College Grove area of Wakefield. We have available to rent a Newly renovated 2 Bedroom First Floor Apartment within walking distance of Wakefield Centre and Pinderfields Hospital. The property has been recently renovated and has had include new carpets, new oak internal doors throughout, a modern attractive fully fitted kitchen, There is a new central heating boiler, and it has been fully redecorated throughout. The property has easy access to Wakefield/Westgate train station and has great access to the motorway network. In Comprising of lounge, kitchen, 2 bedrooms and a bathroom. Garage and a parking space.

Entrance Hallway
Outer stairs lead to the entrance of the property. Double glazed door to the front into the tiled porch with storage cupboard. Door through to entrance hallwith storage cupboard. Carpeted flooring, central ceiling light point. Double glazed window to the side aspect.

Kitchen 7 5" x 7 4" ( 2.26m x 2.24m )
Double glazed window to the rear aspect. A brand new modern attractive fully fitted kitchen with wall and base units, one and a half bowl sink and drainer, work surfaces and downlights, tiling, electric oven, induction hob, extractor fan above. Spotlights

Lounge 16 1" x 10 7" ( 4.90m x 3.23m )
Spacious and bright lounge overlooking the front of the property with a double glazed window to the front aspect. Radiator, carpeted flooring, central ceiling light

Bedroom 1 13 2" x 9 6" ( 4.01m x 2.90m )
Double glazed window overlooking the front of the property. Radiator, carpeted flooring, central ceiling light .

Bedroom 2 12 8" x 7 6" ( 3.86m x 2.29m )
Double glazed window overlooking the rear garden. Radiator,

Bathroom
Attractive modern bathroom with Double glazed frosted window ,shower cubicle, low level flush W.c., hand wash basin and vanity unit. Partly tiled, spotlights, chrome hand towel rail,

Utility Cupboard
Plumbing for a washing machine.

Garage
The end garage in the block opposite the entrance to the apartment. Up and over door.

Gardens
Garden area to the rear of the property is owned by the vendor and comes with the property



Features

    Nearest Stations:

    0.63 miles
    Wakefield Westgate
    0.96 miles
    Wakefield Kirkgate
    1.74 miles
    Outwood
    2.06 miles
    Sandal And Agbrigg
    3.15 miles
    Normanton

    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

    £ 99575

    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
      £ 3125
    • 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

    £ 5825
    • 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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      %
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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

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      %

    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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