Tenure : Freehold
Entrance Hall
With laminate wood flooring, radiator, staircase leading off and smoke detector.
WC
Fitted with a two piece suite comprising low level WC, wash hand basin, radiator and extractor fan.
Kitchen/Dining Room
8.57m (28'1") x 3.73m (12'3")
This is a superb living kitchen comprising base, wall and drawer unit with work top space over, tiled splash backs, 1 ½ bowl stainless steel sink with mixer tap, fitted electric double oven with four ring ceramic hob and extractor hood over, integrated dishwasher, space and plumbing for a washing machine, space for standing a fridge/freezer, multi fuel burner set in a brick fireplace with stone hearth, two radiators, wood panelling to one wall, tiled flooring, inset spotlights to the ceiling and French doors to the garden.
Utility
1.48m (4'10") x 1.30m (4'3")
Radiator, tiled flooring and wall mounted gas combination boiler.
Sitting Room
7.17m (23'6") x 4.32m (14'2")
With multi fuel burner and stone hearth, TV point, two radiators, wood panelling to one wall and French doors to the garden.
Landing
Access to the loft space, airing cupboard and smoke detector.
Master Bedroom
4.13m (13'7") max x 3.38m (11'1")
With radiator and TV point.
En-Suite Wet Room
This room is fully tiled with shower, wash hand basin with mixer tap, low level WC, chrome heated towel rail and inset spotlights to the ceiling.
Bedroom 2
3.73m (12'3") x 3.72m (12'2")
Radiator and TV point.
Bedroom 3
3.73m (12'3") x 3.35m (11')
Radiator and wood panelling to one wall.
Bedroom 4
3.38m (11'1") x 2.94m (9'8")
Radiator and fitted shelving.
Bathroom
Fitted with a three piece suite in white comprising panelled bath with mixer tap, shower and screen over, pedestal wash hand basin with mixer tap, low level WC, part tiled walls and tiled flooring, chrome heated towel rail, extractor fan and inset spotlights to the ceiling.
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 £250k | 0 | ||
£250k to £925k | 5 | ||
£925k to £1.5m | 10 | ||
rest over £1.5m | 12 |
Tax Band | % | Taxable Sum | Tax |
less than £250k | 3 | ||
£250k to £925k | 8 | ||
£925k to £1.5m | 13 | ||
rest over £1.5m | 15 |
Tax Band | % | Taxable Sum | Tax |
less than £425k | 0(5)** | ||
£425k to £625k | 5 | ||
£625k to £925k | 5 | ||
£925k to £1.5m | 10 | ||
rest over £1.5m | 12 |
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