This extended four-bedroom semi-detached family home is situated in a popular residential area with excellent proximity to motorway links, the Metrolink, good schools, and various amenities. The property also benefits from being within reach of Manchester City Centre and Manchester Airport.
On the ground floor, the property features a porch, a welcoming entrance hall, and a downstairs WC. There are three open-plan reception rooms, one with a bay window to the front and patio doors to the rear. The newly fitted kitchen includes an integrated dishwasher, an eye-level electric oven, a range-style cooker, and space for a washing machine and fridge freezer.
The ground floor is completed by additional rooms in the side extension, which are currently split into two rooms ideal for various uses such as a home office, playroom, or utility room.
The first floor comprises three well-proportioned bedrooms and a modern bathroom with a three-piece suite.
A staircase leads to the second floor, which features a loft conversion with a landing area that provides great storage, a shower room, and a bedroom with fitted wardrobes and skylight windows.
The property has an enclosed south-facing rear garden with a decked seating area and a lawned garden. The front features a driveway. Additionally, the home is equipped with a security system, including CCTV cameras at both the front and rear.
Council Tax C
Leasehold
Ground Rent £5
Tenure : Leasehold
Council Tax Band : C
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
