1 /8
£325,000
Railway Terrace, Rugby, CV21
- 8 beds
£325,000
- 8 beds
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Estimate monthly mortgage payment:
£1,484 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£16,250
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An unusual opportunity to purchase a freehold (title to be split) investment/development opportunity, which is currently part of a hotel. With eight bedrooms (four doubles, four singles), all with either en-suite bathrooms or shower-rooms, the property is currently heated via a communal gas boiler and will have it's own electricity metre. The single rooms are circa £55 per night and the doubles £65, however the room could benefit from refurbishment and with concentrated marketing could achieve more. The property could also been converted into an HMO, or apartments. There is the potential to negotiate with the owner about parking spaces on a purchased or permit basis. Positioned close to the town centre and railway station/bus station, this could be a lucrative investment for a seasoned investor. No chain.
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
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- Conveyancing fee
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