This spacious accommodation briefly comprising: - Entrance Hall, two reception rooms and sliding doors opening to the Conservatory. There is a fitted kitchen and a separate utility room. The property has the added benefit of a ground floor WC. To the first floor there are three bedrooms and a family bathroom with separate walk-in shower.
Externally: - Driveway to front with off road parking and an enclosed garden to the rear.
Entrance Hall
Staircase leading to the first floor. Radiator.
Reception One 3.78m x 3.34m
Double glazed window to front elevation. Curved radiator.
Reception Two 3.44m x 4.35m
TV Point. Gas fire. Double glazed sliding doors opening to the Conservatory. Radiator.
Conservatory. 3.95m x 2.73m
Double glazed with side doors leading to the rear garden.
Kitchen 2.58m x 5.21m
Fitted with a range of wall and base units with contrasting worktops incorporating a single drainer sink unit with mixer tap. Gas cooker point. Plumbed for dishwasher and space for fridge freezer. Breakfast bar. Double glazed window to rear and door to the side.
Utility Room 1.24m x 3.55m
Fitted with base unit and plumbed for washing machine. Door to rear porch.
Ground floor WC
Fitted with a WC.
Landing
Access to all first-floor rooms.
Bedroom One 3.38m x 3.05m
Double glazed bay window to front elevation. Fitted wardrobes. Curved radiator.
Bedroom Two 2.88m x 4.08m
Double glazed window to rear elevation. Fitted wardrobes Radiator.
Bedroom Three 2.1m x 2.8m
Double glazed window to front elevation. Fitted wardrobes. Radiator.
Bathroom 2.08m x 2.49m
Double glazed frosted window. White bathroom suite comprising: - separate walk-in shower, white panel bath, pedestal wash hand basin and WC. Heated towel Rail. Tiled to compliment.
Tenure : Leasehold
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 |
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