The accommodation briefly comprises an entrance leading into a spacious lounge measuring approximately 3.36m x 3.42m, featuring grey laminate flooring and UPVC double glazing. The lounge opens through to the dining room, providing an excellent open-plan feel and a versatile living space ideal for entertaining.
The Dining room measures approximately 4.14m x 3.88m and benefits from UPVC double glazing and a radiator. There is useful built-in storage including a cupboard housing the boiler and an additional understairs storage cupboard, with the grey laminate carried through.
The fitted kitchen measures approximately 2.33m x 2.17m and is fitted with a range of white wall and base units complemented by contrasting black worktops. Appliances include an integrated electric oven and hob with stainless steel extractor and splashback. Additional features include a stainless steel sink unit with mixer tap, plumbing for a washing machine, space for a fridge/freezer, UPVC double glazing and a door providing access to the rear yard.
To the first floor, the landing and stairs are finished with grey carpeting.
Bedroom One measures approximately 4.55m x 3.37m and benefits from laminate flooring, radiator and UPVC double glazing.
Bedroom Two measures approximately 4.34m x 2.98m and also features laminate flooring, radiator and UPVC double glazing.
Externally, the property benefits from an enclosed rear yard.
Early viewing is highly recommended to appreciate the accommodation on offer.
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 |
