This property is available for sale via our auction site and also out of auction.
This is an ideal investment opportunity for an investor or someone looking to carry out a full renovation on their new home.
This is a three-bedroom semi-detached house, located in the village of Luddington and provides views over open countryside.
The property itself is in need of a basic renovation, which would then create a lovely family home. The property includes large gardens to the front and rear, off street parking, a detached garage, internally, there are three bedrooms to the first floor, to the ground floor, there is a lounge, kitchen, utility, bathroom and a conservatory.
KEY FEATURES
FULL DESCRIPTION
This three bedroom semi-detached house incorporates
uPVC double glazing and solid fuel heating and provides good size accommodation
comprising;
ENTRANCE PORCH & HALL: Composite entrance door. Tiled floor. Giving access
to the lounge and kitchen, with Stair way leading to the first floor.
LOUNGE: access via the hallway, and also providing French doors to access
the conservatory
KITCHEN: A range of
base and wall units finished in white, a tiled floor. With access to the
utility and conservatory.
BATHROOM: Comprising a bath with a mains fed shower over and a
glass shower screen, and a wash hand basin and low flush WC.
CONSERVATORY: To the rear of the
property providing French doors to the rear garden
BEDROOM ONE: To the rear elevation, with great open
countryside views.
BEDROOM TWO: To the rear elevation. With great open
countryside views..
BEDROOM THREE: To the front elevation.
GARAGE: A detached garage to the rear of the property, Light and
power.
GARDENS To the front of the property there is a lawned garden and provides
off street parking for numerous vehicle and leads along the side of the
property to the garage.
To the rear of the property there is a good size garden with views over open
fields.
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 |
