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5 bed house for sale Crescent Street, Newtown

Asking price

£280,000

Added two days ago

Type: Terraced
Bedrooms: 5
Tenure: Ask agent

Key features

• Three Storey Investment Opportunity
• 3 Apartments comprising
• Spacious Ground Floor 1 Bedroom Apartment
• First & Second Floor 2 Spacious 2 Bedroom Apartments
• All Tenants are long standing
• Located on corner of Crescent & Union Street
• Offering a rent of £18,460 per annum with 6.6% yield
• EPCs - D (65), C (71) & D (68) Exp 18.03.2035

About this property

Three Storey Investment Opportunity located on the corner of Crescent and Union Street. Prominent building within the town's Conservation Area with Apartments comprising Spacious Ground Floor 1 Bedroom Apartment, First & Second Floor 2 Spacious 2 Bedroom Apartments all in good order benefitting from UPVC double glazed windows and all flats on own meters and have gas boilers. Offering a rent of £18,460 per annum against the current guide price a yield of 6.

Council tax

Ask agent

Location

Crescent Street, Newtown

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Mortgage and stamp duty

Property price £280,000

£140k £420k

Deposit10% £28,000

£0 £280k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £252,000 mortgage. Most lenders would want a household income of about £56,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.