FREEHOLD PROPERTY!!!
Trading Places are pleased to have on the market this well-presented three bedroom family home which is set in a great location for all local amenities, good local schools and excellent transport links into the City Centre. On entering the property there is a hallway, front reception room and a modern kitchen/diner. To the first floor there are three bedrooms and a small study/Nursery room. Lovely modern family bathroom with free standing bath and walk in shower and a separate WC.
Outside: - Paved driveway to the front with ginnel access to a generous size garden with raised decking area.
ENTRANCE HALL
Front door opening to hallway with stairs leading to the first floor and half wood panelled walls. Radiator. Laminate flooring.
LOUNGE
Double glazed window to front elevation. TV Point Feature white fireplace with electric fire inset. Double panel radiator. Laminate flooring.
KITCHEN/DINER
Three double glazed windows. Fitted with a range of shaker style wall and base units with woodwork surfaces and tiled splashback. Space for large Aga cooker. Belfast sink and space for free standing fridge freezer. Open to dining area. Door to the rear garden.
Landing
Access to all first floor room and cupboard housing the boiler.
BEDROOM ONE
Double glazed window to front elevation. Double panel radiator.
BEDROOM TWO
Double glazed window to rear elevation. Double panel radiator. Laminate flooring.
BEDROOM THEEE
Double glazed window to front elevation. Single panel radiator. Laminate flooring.
BATHROOM
Double glazed opaque window. Modern free standing bath and walking in shower. Vanity wash hand basin with free standing taps. Part tiled to compliment. Half panelled walls and part tiled.
SEPARATE WC
Fitted with a WC.
EXTERNAL
Paved driveway to the front and a generous size rear garden with raised decked patio area. Shared ginnel entrance to the rear.
Tenure : Freehold
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
