Akeman Residential: Estate & Letting Agents for Berkhamsted, Tring & Surrounding Areas

3 Claridge Court, Lower Kings Road, Berkhamsted, Hertfordshire, HP4 2AF

Tresco road, berkhamsted

£650,000

4

Bedrooms

3

Bathrooms

2

Reception

Floorplan

Akeman Residential are delighted to present this beautifully maintained four-bedroom family home, lovingly cared for and recently redecorated, now ready for its new owners.

The ground floor features a spacious porch leading into a welcoming entrance hall, a wet room, a bay-fronted lounge a large kitchen/diner with ample cupboard space and conservatory which provides access out to the rear garden.

On the first floor, youll find three generously sized bedrooms and a family bathroom. The second floor features the principal bedroom, with windows to both the front and rear, filling the room with plenty of natural light, built in wardrobes and its own bathroom.

Externally, the property offers off-road parking for multiple vehicles, a south-facing rear garden with a patio, and outbuildings for additional storage or use.

The historic market town of Berkhamsted provides a wide range of shopping destinations including both independent boutiques and major stores such as Waitrose, Boots and Tesco, and the town itself is surrounded by beautiful rolling countryside including the National Trusts Ashridge Estate. For commuters, the mainline railway station provides fast and frequent services to London Euston whilst the A41 bypass gives easy access to the M25 and M1.

**Important Notice**

1. General: While we strive to provide sales particulars that are fair, accurate, and reliable, please be aware that they serve as a general guide to the property. Therefore, if there is any aspect of particular importance to you, we kindly request that you contact our office. We will be delighted to verify the details, especially if you plan to travel a significant distance to view the property.

2. Measurements: The measurements provided are intended for guidance purposes only and should not be regarded as precise.

3. Services: It is essential to note that we have not conducted tests on the services or any of the equipment or appliances within this property. Consequently, we strongly recommend that prospective buyers arrange for their independent survey or service reports before finalising their offer to purchase.

4. Disclaimer: These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. Any matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Akeman Residential Limited nor any of its employees or agents holds authority to make or provide any representation or warranty concerning this property.

Nearest Stations:

1.03 miles
Berkhamsted
3.07 miles
Tring
4.09 miles
Chesham
4.3 miles
Hemel Hempstead
5.66 miles
Apsley

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 538950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 51450
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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