One bedroom apartment situated in Howgate House located in Dewsbury town centre.
This property has many attractive features including large windows, a separate fully fitted kitchen and a bathroom.
The property also has electric wall heaters.
With entry phone system.
17' 10" x 8' 10" (5.46m x 2.7m)
Double Glazed Window, TV Point, Electric Wall Heater.
5' 1" x 9' 10" (1.55m x 3m)
Fitted with a range of base and eye level units with matching worktops and tiled splashbacks, stainless steel sink with mixer tap over, built in single oven, 4 ring electric hob, extractor hood, integrated fridge and washer dryer, two double glazed windows, laminate floor. Storage cupboard housing the boiler.
7' 8" x 9' 1" (2.36m x 2.77m)
Double Glazed Window, Electric Wall Heater.
Fitted with a three piece white suite comprising of panelled bath with shower over, low level WC, pedestal wash hand basin, tiled floor, part tiled walls, towel rail.
The property benefits from proximity to many local amenities including schools, shops, supermarkets and has good transport links. Dewsbury train station is 100 metres away and Leeds city centre is only 15 minutes by train.
The property is in need of a new bathroom and some minor redecoration in order to maximise the potential re-sale value. The estimated timescale for the work is 4 weeks, with a good finish in preparation for letting the property for 1 year.
The property was previously sold for £55,000 in April 2012 and is being purchased at below market value. We are expecting to achieve a rental of £375 pcm for one year and then a projected sale price of £55,000.
Dewsbury is situated between Leeds and Bradford 8 miles (13 km) to the north, Huddersfield a similar distance to the south west, and Wakefield 6 mi (10 km) east. Its proximity to these major urban centres, the M1 and M62 motorways and its position on the Huddersfield Line, served by the TransPennine Express, have contributed to its popularity as a commuter town. Dewsbury is part of the West Yorkshire Urban Area, although its natural boundaries are not well defined, with built up areas of the town running into Batley, Heckmondwike and Ossett. The town is dominated by hills, notably Earlsheaton, Dewsbury Moor, Staincliffe and Thornhill. The town centre is between 130 and 180 feet (40 and 55 metres) above sea level, rising to 360 ft (110 m) at Earlsheaton and Batley Carr, and 755 ft (230 m) at Grange Moor. The approach from Earlsheaton through the Wakefield Road cutting, constructed in 1830, is dramatic with the view of the town centre in the Calder Valley opening up. (ref: Wiki)
|PTC listing fee||£2,000|
|Legal incl disbursements & VAT||£1,460|
|Gr rent/Service charges (6 months)||£940|
|Total acquisition costs||£9,000|
|Cost of purchase||(£44,000)|
|Agent’s commission (1.5%+VAT)||(£990)|
|Projected net gain on sale||£10,899|
|PTC exit fee (at 15%)||(£1,635)|
|Net profit to shareholders||£9,264|
|Targeted net ROI (6 months)||21.1%|
* Renovation: new bathroom, painting woodwork, new curtains/blinds, new lighting, new furniture - bed, sofa, wardrobe, coffee table, decorative items
** Sale price: based on surveyors report
*** Corporation tax estimated at current rate of 19%
If you have a question about this property, please click below and submit a question to us directly.