JC Property presents this chain free three-bedroom semi-detached family home, located on King Edward Street, in Scunthorpe.
The property itself has gone through a major refurbishment, so is an ideal opportunity for a first-time buyer or even someone wanting to downsize, and is ready to move in.
The property comprises of three bedrooms, family bathroom, lounge, open plan kitchen and dining room, and a separate utility room with wC, under stairs storage.
The ground floor includes a large lounge to the front, an open plan kitchen and dining room with integrated appliances, and patio doors to the rear garden. There is a utility room with space for a washing machine, dryer and additional under counter fridge space, plus a wc, the property also has additional storage area under the stairs.
To the first floor, the property benefits from three bedrooms, comprising, two double bedrooms and a single bedroom, the main two double bedrooms both include built in wardrobes.
The newly installed bathroom comes with a white three-piece suite, with an over electric shower, and space for a bathroom cupboard, there is also a loft hatch.
To the rear of the property, there is a detached garage, that has had new French doors installed and a new roof, this can be used as additional space, the garden itself is mainly laid to lawn with shrubbery to the outer edges, and a patio area, and provides privacy with fencing.
The front provides access for car parking and a lawn area with shrubbery.
Viewings via JC Property
Email: sales@jc-property.co.uk
Tel: 01724 487297
Tenure : Freehold
Council Tax Band : A
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 |
