TRADING PLACES ESTATE AGENTS are pleased to offer for sale this simply exquisite, period FOUR DOUBLE BEDROOM semi detached property located on a popular, yet quiet central Urmston cul-de-sac. Built in 1908, this desirable property has been tastefully updated by our clients which includes a newly fitted family bathroom, re-roof in 2025, new windows and doors. Internal accommodation briefly comprises; a welcoming entrance hallway with a host of impressive original features, a bay fronted living room which opens into a dining room alongside a spacious open plan breakfast kitchen. The kitchen itself is fitted with a comprehensive range of wall and base units which house a range of integrated appliances including a five ring gas hob, oven, grill, a feature Belfast sink and butcher block worksurfaces. Useful cellars provide a further storage space suitable for a utility area if required. To the first floor level, an impressive landing space provides entry into three double bedrooms and a four piece bathroom. Stairs rise up from the first floor landing into a fourth double bedroom with attractive skylights. An en-suite shower room can also be found on the second floor level. Externally, an enclosed low maintenance rear garden provides an ideal spot for alfresco dining during those summer months. A quite impressive period property conveniently situated within easy reach of Urmston town centre with its excellent range of shops, general services and restaurants. There are highly regarded schools in the area for children of all ages. For commuters, the property positioned is within walking distance of Urmston train station and has excellent access to the motorway network.
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
£
Mortgage Required
£ 484325
Mortgage Loan to Value
84%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£
53075
Stamp Duty
£ 36000
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£
14375
Survey Costs
£
400
Mortgage Fees
£
1,000
Your home may be repossessed if you do not keep up repayments on your mortgage.
Legal Fees
£ 1,300
Adjust these figures
£
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.
Annual Costs
£
Mortgage Interest
£
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
Letting and Management Costs (Inc VAT)
£
Maintenance
£
Insurance
£ 500
Ground Rent
£ 0
Service Charge
£
0
Adjust these figures
%
%
£
%
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.
Total Profit
£
Final Equity Profit
£
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit
£
Cumulative Rental Profit = Annual rental profit x Time of Investment
Adjust these figures
%
This is the assumed rate of house price inflation.
Final Property Value
£
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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Single Property
Purchase Price
(Enter numbers only)
Show Full Calculation
Effective Rate
00.00
%
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
Additional Property
Purchase Price
(Enter numbers only)
Show Full Calculation
Effective Rate
00.00
%
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
First Time Buyer
Purchase Price
(Enter numbers only)
Show Full Calculation
Effective Rate
00.00
%
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
*For purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.
