Sale Agreed £950,000
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9 bedroom semi detached townhouse for sale Sycamore Place, York

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  • External
  • Flat 1 Living Room
  • Flat 2
  • Flat 3
  • Living Room
  • Flat 8 Living Room
  • Flat 8 Livingbedroom
  • Flat 8 Bathroom
  • Kitchen
  • Flat 1 Bedroom
  • Bedroom
  • Bathroom
  • Communal Staircase
  • View To Rear
  • External
1 of 15
  • 9 Bedrooms
  • 9 Bathrooms
  • 4 Reception Rooms
  • Patio
  • Off Street Parking

9 APARTMENT PROPERTY IN POPULAR BOOTHAM AREA

This is a great opportunity for Investors and or Developers. The property lends itself to Holiday Letting, Air B and B, Serviced Accommodation and Residential letting, with a carpark that could potentially be used to increase the accommodation with relevant planning permission. The flats are currently producing a gross income of £61,500 per annum as Standard Residential Lets.

Viewing of the property is highly recommended to appreciate the excellent condition and location, along with close proximity to York city centre, railway station and commuter road networks. The property is positioned in a popular area just off Bootham Terrace.

Map

Photos

  • External
  • Flat 1 Living Room
  • Flat 2
  • Flat 3
  • Living Room
  • Flat 8 Living Room
  • Flat 8 Livingbedroom
  • Flat 8 Bathroom
  • Kitchen
  • Flat 1 Bedroom
  • Bedroom
  • Bathroom
  • Communal Staircase
  • View To Rear
  • External

Floorplans

Floorplan

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Claire Preston

Mortgage & Protection Adviser

Estate & Letting Agents York Branch

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Your home may be repossessed if you do not keep up repayments on your mortgage.

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Calculate your Return on Investment (ROI)

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Using your investment as a 25.00% deposit and £ in costs for purchasing and getting ready to let.
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Mortgage Required

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Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Estimated Price Growth Value: £ Equity: £ Years
Estimated Profit Profit: £ Rental Profit Capital Growth Years
Cost of Purchase
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Stamp Duty
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Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
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Mortgage Fees
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Your home may be repossessed if you do not keep up repayments on your mortgage.
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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
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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.
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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.
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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.
Annual Costs
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Mortgage Interest
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The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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Service Charge
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Total Profit
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Final Equity Profit
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Final Equity Profit = Final Property Value − Mortgage Required − Investment
Cumulative Rental Profit
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Cumulative Rental Profit = Annual rental profit × Time of Investment
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Final Property Value
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Pop in to our Estate & Letting Agents York office and one of our team will be happy to give you a printed copy of the details.

99-101 Walmgate
York
YO1 9UA

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Jodie Hoggarth

Branch Manager, Estate & Letting Agents York Branch