This is a deceptively spacious property which offers really good size rooms throughout and is available to the market through JC Property for just £89,950!!
You don't have to go far to see the potential this property offers with neighbouring homes having undergone some remarkable extensions and refurbishments and this one could be no exception to that.
Sitting in a quiet recess from the road, the location of this property is really convenient being close to local Schools, shops, local amenities and motorways.
Internally the property comprises a large entrace hall, good sized lounge diner, kitchen, three bedrooms and bathroom to the first floor. The front of the property allows for off road parking and gives access to the detached garage whilst the extensive rear gardens are laid to lawn offering lots of potential for change.
This property has a successful rental income with long term tenants in place.
To arrange a viewing of this property and for more information, do not hesitate to get in touch!!
Entrance Hall; door and window to front, stairs to first floor, understairs storage, doors to lounge diner and kitchen.
Lounge Diner; window to front and rear.
Kitchen; window to side and rear, door to rear leading to the enclosed garden, range of wall and base units with complementary work surfaces, single sink and drainer, integrated oven with four ring gas hob, space and plumbing for white goods.
Understairs Storage; wall mounted Vokera combination boiler.
First Floor landing; window to side, doors to bathroom and three bedrooms.
Bedroom One; double bedroom with window to front.
Bedroom Two; double bedroom with window to rear.
Bedroom Three; double bedroom shower, with window to rear.
Bathroom; walk-in corner, pedestal wash basin, low flush w.c., wall mounted towel rail.
Outside; the front of the property is laid to a concrete driveway allowing for off road parking. This also gives access to the garage and a side gate which allows access to the rear garden. the rear garden is mainly laid to lawn enclosed by wood panel fencing.
The property benefits from having gas central heating and PVCu double glazing throughout
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 |
