Trading Places are happy to welcome this spacious and extended semi-detached property on Balmoral Avenue in Stretford. This property offers a blend of traditional charm and modern convenience, making it ideal for family living.
This property features two generous reception rooms. The front reception room features a large bay window and charming brick fireplace, while the rear reception room provides access to the kitchen. The well-equipped kitchen boasts teal wooden cabinetry, granite-effect countertops, and appliances including a gas hob, 2 ovens and a base level fridge. The conservatory is accessed via the kitchen and provides views of the garden, ideal for relaxation or as a play area for children. A study on the ground floor is currently used as an additional bedroom, offering flexibility for home working or guest accommodation.
The first floor houses three well-proportioned bedrooms, each with ample natural light, and space for storage. The bathroom includes a bath with a gold-framed shower screen, pedestal sink and WC.
Externally there is a well maintained east facing garden featuring a paved patio, lawn, mature trees, and a garden shed, perfect for outdoor dining and family activities. The property includes a spacious paved driveway providing plenty of off-street parking.
This property is ideally situated for families, with excellent educational options like Victoria Park Junior School and Stretford Grammar School. Commuters will appreciate the nearby train stop and Metrolink, providing easy access to Manchester city centre.
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 |
Firstly, let’s begin with a few details about you
