INVESTMENT PROPERTY SOLD WITH TENANTS IN SITU
This beautifully maintained family home is offered for sale at a price to appeal to a shrewd investor in search of a 3-bedroom property in a popular residential area. This house is a credit the long-term tenants who have a strong wish to remain in their home after the sale.
An external door opens into an entrance hall with a cloakroom and a WC and a basin. Also off the hallway is smart fitted kitchen with a fine selection of woodgrain cupboards and units topped with marbled worktops. The floor is tiled, and a wide window behind the sink and drainer lights up the space. Adjoining the kitchen is a well-proportioned dining area with a door opening to the rear garden. The dining area links into a super lounge with a modern fireplace and surround.
A staircase switches back to a first-floor landing with a full height airing cupboard housing the gas boiler. Three double bedrooms are on offer and a fully-tiled white bathroom with a shower over the bath, a vanity basin and a WC. A window in the back wall lights up the space.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
The property benefits from gas central heating, uPVC double glazing and is ready to go.
Tenure : Freehold
Council Tax Band : A
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
