Next2Move are delighted to present to the market this\nbreathtakingly, much improved mid terraced period property, which is situated in\na stunning semi-rural setting within the village, offering simple commuting to\nall regional centres and transport networks including the historic City of\nDurham a mere 11 miles by car and both the A19 and A1. This inspiring period\nproperty has a layout showing a most inviting entrance hall, 4.50m Lounge with\nfantastic feature fireplace, fabulous contemporary open plan kitchen and dining\nfacilities within the principal reception, a ground floor shower room, three\ndouble bedrooms with integral wardrobes and a newly fitted bathroom to the\nfirst floor.
Entrance Hall
This truly inviting space is accessed through a Upvc double\nglazed door, having oak effect laminate flooring, radiator and stairs up to\nfirst floor landing. The hallway has access to both the Lounge and Dining Room.
Lounge 4.07m x 4.50m
This sizable room has a charming working fire with period\ncast iron surround and tiled surround as a central vocal point. The oak effect\nlaminate flooring is carried through from the hallway with Upvc double glazed\nwindow to the front aspect and radiator.
Dining Room 4.63m x 3.03m
Open plan to the Kitchen, this space offers a comfy\nsociable space with gas fire and marble fireplace, oak effect laminate\nflooring.
Kitchen 1.95m x 3.40m
High glass white units with integrated appliances to\ninclude, fridge freezer, electric oven and hob, sink unit, breakfast bar\nsharing the Dining Room area. Made to feel bigger by the French doors opening\nout onto the rear courtyard.
Rear Lobby
Oak effect laminate flooring, radiator and Upvc door to\nrear courtyard.
Shower Room
Also having plumbing for washing machine, this space has a\ncorner cubicle with large shower head and shower, cladding to walls, vanity\nwash hand basin, low level WC, heated towel rail and Upvc double glazed window.
Stairs and Landing
Tastefully decorated with stripped wood areas and central\ncarpet runner up the stairs in keeping with the period feel. Plenty of light\ncomes through a Upvc double glazed window.
Bedroom One 4.56m x 2.37m
This large double bedroom offers a build in sliding door\nwardrobe having a mirror, oak effect laminate flooring, boiler cupboard housing\ncombi boiler (fitted 2018), radiator and Upvc double glazed window.
Bedroom Two 4.53m x 2.73m
A good-sized double bedroom with feature cast iron\nfireplace, oak effect laminate flooring, radiator, built in wardrobes with\nsliding door and mirror, radiator and Upvc double glazed window.
Bedroom Three 3.53m x 2.31m
A standard double bedroom with built in wardrobe having\nsliding doors and mirror, oak effect flooring, radiator and Upvc double glazed\nwindow.
Bathroom
Three-piece white suite comprising a panel enclosed bath,\nlow level WC, pedestal wash hand basin, heated towel rail and tiled effect\nlaminate flooring.
Front Courtyard
An inviting initial space which is wall and fence enclosed,\nvery well presented with a bin today, pebble feature with bed of plants and\ntrees.
Rear Courtyard
A private tranquil space which can be enjoyed with\nshrubbery and plant bed, adding to the Mediterranean feel. There is a wooden\nbuilt shed and gated access.
Helpful information to note:
*Property Fitted with you fibre broadband
*Boiler fitted 2018 and yearly service records
*Windows fitted 2018
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 |
