RUUT Homes presents you this two bedroom bungalow situated within a popular location with easy access to Leicester city centre.
The property benefits from two bedrooms, a lounge diner, kitchen and bathroom. This 2 bedroom bungalow is situated within a popular location with easy access to Leicester city centre and a huge range of shops and amenities. The accommodation comprises of a large entrance hallway leading to all rooms including two bedrooms, a lounge diner, kitchen/breakfast room and a family bathroom. The property has benefits of a large front garden and rear garden.
There is a off road parking and a garage, which could be converted into another room if more space is needed.
Entrance Hall: The main entrance leads to all rooms.
Cloakroom WC: A convenient separate toilet.
Lounge/Diner (19’ 3" x 11’ 10"): Spacious living area with double glazed windows and French patio doors to the rear. Carpeted, with a TV point and radiator.
Kitchen/Breakfast Room (14’ 2" x 11’ 5"): Tiled flooring, sink with mixer tap, freestanding washing machine, fridge freezer, built-in cooker with gas hob, and a breakfast bar.
Bedroom One (15’ x 9’ 10"): Features a double-glazed window to the rear, carpet flooring, radiator, and TV point.
Bedroom Two (15’ 6" x 7’ 8"): Includes a double-glazed window to the front, carpet flooring, and a radiator.
Bathroom: Double glazed window to the front, lino flooring, wash hand basin with mixer tap, towel rack, bath with shower over, and tiled walls.
Outside:
Rear Garden: Enclosed by brick-built wall and fencing, with a lawn area, garage, and patio.
Front Garden: Enclosed by a brick-built wall, path leading to the entrance door, and laid to gravel.
Garage
Tenure : Freehold
Council Tax Band : C
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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 |
