This is certainly going to appeal to some investors out there!!
A really good sized three bedroom property on Dowse Avenue in Scunthorpe available to the market for just £75,00!!. As an ex local authority home this is of really good proportion with the accomodation offering three double bedrooms for the larger family.
Whilst some cosmetic works may benefit this home, it stands to offer a good return on rental currently having long term tenats in place. The property has gas central heating, a combination boiler and PVCu double glazing throughout. There is off road parking, privately enclosed rear gardens and all in a really convenient location for Schools and local amenities.
Early viewings are most definitely recommended on this one.
Entrance Hall; door and window to front, stairs to first floor, door to kitchen.
Kitchen; window to side, range of wall and base units with complementary work surfaces, single sink and drainer, wall mounted combination boiler, space and plumbing for white goods, door to rear garden, door to lounge diner.
Lounge/Diner; windows to front and rear, gas fire with surround.
First Floor Landing; window to side, hatch to loft, doors to bathroom and three bedrooms.
Bedroom One; window to rear.
Bedroom Two; window to rear.
Bedroom Three; window to side.
Family Bathroom; window to front, three piece suite comprising;- panel enclosed bath with mixer shower over, pedestal wash basin amd low flush w.c.
Outside; the front of the property has laid to lawn gardens with off road parking whilst the rear garden offeres laid to lawn gardens enclosed by wood panel fencing.
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 £125k | 0 | ||
| £125k to £250k | 2 | ||
| £250k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
| Tax Band | % | Taxable Sum | Tax |
| less than £125k | 3 | ||
| £125k to £250k | 5 | ||
| £250k to £925k | 8 | ||
| £925k to £1.5m | 13 | ||
| rest over £1.5m | 15 |
| Tax Band | % | Taxable Sum | Tax |
| less than £300k | 0(2/5)* | ||
| £300k to £500k | 5 | ||
| £500k to £925k | 5 | ||
| £925k to £1.5m | 10 | ||
| rest over £1.5m | 12 |
