Entrance Hall
Access via a uPVC double glazed door into this inviting entrance with laminate flooring, storage cupboard and stairs to firs floor landing.
Lounge 4.06m x 4.73m
Attractive living space with double glazed bay window, radiator, laminate flooring and storage cupboard.
Kitchen/Diner 5.95m x 2.00m
Modern range of fitted units with integrated gas hob and electric oven, space for fridge freezer, plumbing for washing machine, sink unit, double glazed window, radiator, tiled flooring, uPVC double glazed door to rear garden.
Landing
Stairs to Loft.
Bedroom One 3.13m x 3.75m
Double glazed window, radiator and laminate flooring.
Bedroom Two 3.14m x 2.29m
Double glazed window, radiator, laminate flooring and storage cupboard.
Bedroom Three
Double glazed window, radiator and storage cupboard.
Bathroom
Modern bathroom suite comprising; Panel enclosed bath, corner shower and cubicle, pedestal wash hand basin and low level WC. Complimented by tiling to walls, heated towel rail, spotlights to ceiling double glazed window and airing cupboard.
Stairs to;
Loft 5.49m x 2.56m
Double glazed window and radiator.
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 |
