The property is situated in a much sought after area of Stretford just a short car journey to Manchester City Centre, walking distance to a local Metrolink, MUFC & LCCC. Tesco, Lidl and White City retail park just a short walk away too. Good local public transport to surrounding areas such as The Trafford Centre and Media City. Great catchment area for local schools. Good size family home.
**** VIEWINGS AVAILABLE 5TH FEB ****
NO CHAIN
Entrance.
Lounge
4.170m x 3.150
Double glazed bay window & double radiator.
Dining room
3.90 x 3.60
Double glazed window & double radiator.
Kitchen
3.50 x 2.90
Double glazed window overlooking the courtyard. Fitted kitchen with a range of wall and base units incorporating a sink unit with mixer tap. There is a space for a washer/dryer and fridgefreezer. Intergrated electric oven and hob and cooker hood.
Bedroom 1
4.20 x 3.35
Double glazed window at the front, double radiator and storage cuboards.
Bedroom 2
3.75 x 2.86
Double glazed window to rear with double radiator.
Bedroom 3
2.94 x 1.98
Double glazed window to rear, boiler situated here and has double radiator.
Bathroom
2.11 x 2.09
Double glazed window to side, double radiator, Fitted suite comprising of panel bath with shower over, pedestal wash hand basin and a low level WC. Tiled to compliment.
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
