THREE BEDROOM MID TERRACED IN THE POPULAR GORSE HILL AREA!!! THIS WOULD BE A FANTASTIC FIRST TIME PURCHASE OPPORTUNITY!! GREAT LOCATION FOR ALL LOCAL AMENITIES AND GOOD TRANSPORT LINKS INCLUDING THE METROLINK.
EARLY VIEWING ESSENTIAL!!!
Entrance Hallway
UPVC door opening to hallway. Staircase leading to the first floor. Meter cupboard. Double panel radiator.
Lounge 3.73 x 3.23
Double glazed window to front elevation. Modern electric fire with marble hearth. TV Point. Coving to ceiling. Double panel radiator.
Dining Room 3.68 x 3.18
Double glazed window to the rear elevation. Coving to ceiling and double panel radiator. Wood flooring. Open to kitchen.
Kitchen 4.47 x 1.80
Double glazed window to rear elevation. Fitted with a range of wall and base units incorporating a 1.5 bowl stainless steel sink unit with mixer tap. Electric cooker point. Space for free standing fridge freezer. Tiled floor.
Utility Room 1.73 x 1.52
Double glazed window to rear elevation. Housing wall mounted combination boiler. Plumbed for washing machine and space for dryer.
Landing
Loft access.
Bedroom One 3.68 x 3.28
Double glazed window to rear elevation. Fitted wardrobes to one wall. Double panel radiator.
Bedroom Two 3.76 x 2.77
Double glazed windows to the front elevation. Coving to ceiling. Double panel radiator.
Bedroom Three 2.62 x 2.03
Double glazed window to front elevation. Single panel radiator.
Bathroom 2.06 x 1.55
Double glazed window to rear elevation. Shower cubicle, Build in wash hand basin and low level WC. Heated towel rail. Tiled to compliment.
Externally
Palisade to the front and enclosed rear paved Courtyard with gated access. Garden shed.
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 |
