Entrance Hall
Entrance door and UPVC double glazed window to front elevation. Staircase to first floor. Understairs cupboard. double panel gas central heating radiator. Lino flooring. Meter cupboard.
Front lounge 13'7" x 11'8" (4.14m x 3.56m)
UPVC double glazed window to front elevation. Exposed brick chimney breast with fireplace and gas insert. Dado rail. Double panel gas central heating radiator. Carpet.
Kitchen/dining room 18' x 7'10" (5.49m x 2.4m)
Two UPVC double glazed windows. Fitted with a range of wall and base units incorporating a stainless steel sink unit with mixer tap. Tiled splashback. integrated Electric oven with gas hob and extractor fan over. Wall mounted boiler. Single and double panel gas central heating radiators. Space for dining table. Lino flooring. Stable door to laundry room.
Laundry room 12'8" x 4'6" (3.86m x 1.37m)
UPVC double glazed door and window. Tiled floor. Work surface. space for free standing appliances.
Landing
UPVC double glazed window to half landing. Carpet. Door to all rooms. Loft access. Storage cupboard.
Bedroom one 18' x 10' (5.49m x 3.05m)
Two UPVC double glazed windows to front elevation. Two gas central heating radiators. Storage cupboard. Carpet.
Bedroom two 9'9" x 9'11" (2.97m x 3.02m)
UPVC double glazed window to rear elevation. Built in wardrobe. Gas central heating radiator.
Bathroom 8' x 5'6" (2.44m x 1.68m)
Fitted four piece suite comprising of panel bath with mixer tap, separate shower cubicle with gas shower, vanity wash hand basin and a low level WC. Part tiled to compliment. Laminate floor. Two UPVC double glazed windows.
Outside
Corner positioned end property with a garden to front, side and rear elevations.
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 |
Firstly, let’s begin with a few details about you
