GREAT FIRST TIME PURCHASE!!
POPULAR GORSE HILL AREA!! TWO BEDROOM MID TERRACED BEAUTIFULLY PRESENTED THROUGHOUT.
Set in a great location for all local amenities and great transport links into the City Centre.
The accommodation comprises:- Entrance hall, front lounge open to rear lounge and a modern kitchen with integrated appliances. To the first floor there are two double bedrooms and a modern bathroom.
OUTSIDE: Enclosed Courtyard to the rear with gated access. Outside WC.
Entrance Porch
Entrance Hall
UPVC double glazed door. Staircase leading to the first floor. Single panel
radiator.
Lounge 3.69 x 3.54
UPVC double glazed window to front elevation. Ceiling coving. TV Point and Two Satelite points. Built
in storage cupboard. Wood floor. Open to:-
Dining Room 3.72 x 4.42
UPVC double glazed window to rear elevation. Double panel radiator. Wood floor.
Kitchen 2.38 x 2.77
UPVC double glazed window to rear elevation. Fitted with a range of wall and
base units with wood work surfaces incorporating a ceramic sink with mixer tap. Induction hob with
extractor fan above and electric oven. Integrated fridge freezer. Plumbed for washing machine and dishwasher. Co-Ax point. Lino floor. Door to side.
Landing
Access to loft. Single panel radiator.
Bedroom One 3.56 x 3.69
Two UPVC double glazed windows to front elevation. Double panel radiator.
Bedroom Two 3.16 x 3.52
UPVC double glazed window to rear elevation.Co-Ax point. Double
panel radiator.
Bathroom 2.41 x 2.75
Large modern bathroom with P shaped bath with shower over, Wall mounted wash hand basin and low level WC. Heated stainless steel towel rail. Double
glazed frosted window. Tiled to compliment.
Courtyard
Enclosed Courtyard with gated access. Outside WC.
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
