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6 bed flat for sale Bays Hill, Newtown

Asking price

£545,000

Added yesterday

Type: Flat
Bedrooms: 6
Bathrooms: 4
Tenure: Freehold

Key features

Four Flats - Two With Two Bedrooms and Two With One Bedroom
Potential Rental Income of £35,340 When Fully Let
Residential investment Opportunity
Ground Floor Flats With Gardens
Close To Amenities and Local Schools
Block Paved Driveway
Scope To Increase Rental Yield
Close To The A38 And Junction 14 of the M5, Ideal For Commuters
All Units With An Open-Plan, Sociable Layout
Stroud District Council - Band A

About this property

An exciting, fully let residential investment opportunity consisting of four flats – two with two bedrooms and two with one bedroom – created through the conversion and extension of the original property (Planning permission ref: S.09/0636/FUL). Together, the four flats have a potential rental income of approximately £35,340 per annum.

Floorplan

Council tax

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Location

Bays Hill, Newtown

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Mortgage and stamp duty

Property price £545,000

£272k £818k

Deposit10% £55,000

£0 £545k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £490,000 mortgage. Most lenders would want a household income of about £109,000 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.