If you can find a deposit of £5,000 and have around £317 available to spend on a mortgage each month, then you could potentially buy this terrace house.
Billed as an 'ideal investment or first buy' by the selling agent Your Move, the two-bedroom terrace is priced at £50,000.
Looking at the pictures of this property you'll need to do some work in the kitchen and bathroom. View first hand to get more of an insight.
When if comes to accommodation, the house includes a dining room, lounge, kitchen and bathroom on the ground floor. Upstairs, there are two double bedrooms and the master bedroom has a WC.
Head outside and you'll find a garden area at the back of the house.
Take a look inside...
If you think this could be for you then there are a few things that you need to know.
The house in Dallas Street, Mansfield is for sale by the 'modern method of auction'. What does this mean? Well the agent says that unlike a traditional auction, this doesn't require the purchaser to exchange contract immediately but grants 28 days to exchange from the date the buyer's solicitor is in receipt of the draft contract and a further 28 days to complete. Upon close of the auction (or if the seller accepts an offer during the auction) the buyer will need to put down a non-refundable reservation fee of 3.5% to a minimum of £5,000 plus VAT. Full details on the auction process are available from the Your Move.
Mortgage figures shown here are based on Zoopla's mortgage calculator run in association with HSBC. The estimate assumes that you buy the house for £50,000 (and have a deposit of £5,000) and take out a mortgage over 25-years. Based on an interest rate of 6.99% this would then cost you around £317 a month. Of course this is only a guide and you should make you own enquiries.
Home buying facts
- Where: Dallas Street, Mansfield, Nottinghamshire
- Price: £50,000
- For sale with: Your Move, 01623 355721
