Welland Close is conveniently situated close to two local schools, and Peterlee town centre which boasts a range of shopping facilities, bars, restaurants etc.
Entrance Hallway
Through UPVC door into hallway. With stairs leading to the first floor, under-stair cupboard, carpet to floor and access leading into dining room and lounge / kitchen.
Lounge (4.0m x 3.1m)
Spacious living area with double glazed window, double panelled radiator, carpet to floor. Open plan to kitchen.
Kitchen (3.1m x 2.1m)
Fitted with a range of units both to the wall and floor, contrasting work surfaces with inset stainless steel sink and drainer unit with mixer tap, electric cooker, space for a fridge/freezer, space for a tumble dryer, plumbing for a washing machine, double glazed window and vinyl to floor.
Dining Room (3.1m x 2.8m)
With double glazed window, radiator and carpet to floor. This separate room to the front of the property, could also be utilised as a second living area or third bedroom.
Stairs To First Floor
With radiator to half landing. The main landing area has a double glazed window and access to both bedrooms and bathroom facilities.
Bedroom One (3.1m x 3.3m)
Double bedroom with double glazed window, carpet to floor, radiator and two storage cupboards.
Bedroom Two (2.9m x 2.6m)
Double bedroom with double glazed window, radiator, carpet to floor, over-stair storage cupboard and access to loft space.
Bathroom
Two piece suite comprising a panelled bath with fitted electric shower and a pedestal hand wash basin. With vanity wall unit, radiator, panelling to wall and tile effect flooring.
Separate WC
Fitted with a low level WC, with part panelled walls, radiator, extractor fan and tile effect flooring.
Single Garage
Externally
Fence enclosed garden to the side with grassed and decked area. Gates leading to both the front and rear. To the front the property offers a private garage and parking.
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 |
