Entrance Hallway
Good sized hallway through UPVC door to
the front aspect. With carpeted flooring, single panelled radiator and
staircase to the first floor.
Lounge
(3.7m x 4.0m)
With a double glazed window to the rear
aspect, carpeted flooring, radiator, TV point and fireplace. Double doors
leading into the second reception room.
Second
Reception Room/ Dining Room (4.2m x 4.0m)
With a double glazed window to the front
aspect, carpeted flooring, radiator and coving to the ceiling.
Kitchen
(4.3m x 2.3m)
The kitchen is fitted with a range of wall
and base units with roll top work surfaces, sink and drainer unit and plumbing
for a washing machine. With electric cooker point and a double glazed window
and UPVC door leading to the rear courtyard.
First
Floor Landing
With carpeted flooring, built in storage
cupboard and a double glazed window to the rear aspect, with stairs leading up
to the loft room.
Bedroom
One (2.8m x 4.2m)
With a double glazed window to the rear
aspect, carpeted flooring, built in storage cupboards, TV point and single
panelled radiator.
Bedroom
Two (2.5m x 3.7m)
With a double glazed window to the front
aspect, carpeted flooring, TV point and fitted, mirrored wardrobes.
Bedroom
Three (2.0m x 2.7m)
With a double glazed window to the front
aspect, carpeted flooring, double panelled radiator.
Loft
Room (4.6m x 3.3m)
This room is currently being used as a
fourth bedroom. It benefits from two Velux windows, TV point, carpeted flooring
and storage to the eves.
Family
Bathroom
The generous sized family bathroom is
fitted with a four piece suite comprising of: Low level WC, panelled bath,
shower cubicle and a pedestal wash hand basin. With a double glazed window to
the rear aspect, part tiled walls and vinyl to the floor.
External
The property benefits from a paved garden
area to the front aspect and a fully enclosed court yard to the rear with an
outbuilding for additional storage.
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 |
