**SIGNIFICANTLY EXTENDED** - TRADING PLACES ESTATE AGENTS are privileged to offer for sale this beautifully appointed, extended THREE BEDROOM semi detached family home situated on a popular tree lined road in Davyhulme. Benefiting from a DOUBLE STOREY rear extension, this deceptively spacious family home comprises; a warm and welcoming entrance hallway, front sitting room, a good sized extended living/dining room, a extended fitted kitchen. To the first floor, a shaped landing provides entry into three double bedrooms all with fitted wardrobes and three piece family bathroom. Externally to the front of the property, a generous block paved driveway provides ample off road parking and continues to the side through large wooden gates and at the rear is a detached garage can be found. The rear garden itself arrange over two levels with a patio area and steps leading down to a fenced garden. Conveniently situated within easy reach of Urmston town centre with its excellent range of shops, general services and restaurants. There are highly regarded schools within walking distance including Ofsted outstanding Davyhulme Primary School and also Urmston Grammar School. For commuters, the property positioned is within walking distance of Urmston train station and metrolink 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
£ 356075
Mortgage Loan to Value
84%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£
37325
Stamp Duty
£ 24000
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£
10625
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.
