Avialable for sale with TENANTS IN SITU, this Below Market Value opportunity is available now. The monthly rental is £550pcm and further details relating to the tenancy can be provided by enquiry.
Well-proportioned living rooms and modern decor come together to create a comfortable living space with a paved patio and lawned garden to the back.
An external door opens to hallwayand into a lounge with a closed chimney breast. Good storage is on offer in the space beneath the staircase.
The kitchen is complete with a selection white mounted cupboards and base units topped with contrasting black worktops and smart white splashbacks. The cooker has a glass back plate and fits in nicely, the sink and drainer is in front of a window in the back wall. A full height wooden cupboard and drawers is to the corner of the room and an external door opens to the rear garden.
A staircase from the hallway extends to a first-floor landing with a loft hatch and 2 double bedrooms. The bathroom is a perfect size. Majority tiled walls and a suite comprising, a bath with thermostatic shower over, a basin and a WC.
For a detailed exploration inside of the property, please check out the Virtual Tour link!
The property benefits from uPVC double glazing, gas central heating, and carries a valid EICR certificate and a Landlord Gas Safety certificate.
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
