This well-presented family home is offered for sale at a price to appeal to a discerning investor in search of a 4-bedroom property in a very popular residential area. The rental is currently £615pcm and a Lease is in place until 31.3.29 to a SOCIAL HOUSING PROVIDER with Guaranteed monthly payments.
An entrance hall opens into a spacious dining kitchen with a selection of base units & mounted cupboards and an integrated oven & hob . A window behind the stainless-steel sink and drainer lights up the space. There is good space for appliances and plenty of accommodation for a dining suite. Also off the hallway is a long lounge with windows to the front and back of the room and a door opening to the rear garden. Access to the garden is also available from the kitchen and a cloakroom with a WC and hand basin completes the ground floor.
The staircase extends thought the middle of the house to a bright landing with 2 fixed cupboards, 4 bedrooms and a bathroom with a full suite and an electric shower over the bath.
For a detailed look around, please click on the link to the virtual tour.
Being an end-terrace, this house is set into a substantial plot with a wide garden at the back and timber fencing at the boundaries.
The property benefits from gas central heating, uPVC double glazing and is available to purchase now.
Tenure : Freehold
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
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.
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.
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.
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 0 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £250k | 3 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £425k | 0(5)** | ||
| £425k to £625k | 5 | ||
| £625k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
Company Registration Number: 4179534
