Stylish park residence

£240,000 OIRO

2

Bedrooms

2

Bathrooms

1

Reception

Situated on the sought after residential 7-acre site of Stour Park. A two double bedroom park home. This spacious and stylish park home is approximately one year old, the accommodation consists of modern kitchen with built in appliances (oven & hob, washing machine, dishwasher and fridge/freezer), spacious lounge, the two bedrooms are both very generous doubles with the master benefiting from built in wardrobes and an En-suite shower room. There is also a modern shower room and ample storage throughout. The property benefits from UPVC double glazing and gas central heating. Externally the property has a block paved driveway providing off road parking and a garage with power and light connected. There is a private rear and side garden which are laid out for easy maintenance.



Features
  • Freehold


Property additional info

Entrance Hallway:
A Double-glazed door with obscure glazed inset panel, into Entrance Hallway. Smooth plastered ceiling, Loft access hatch,2 x ceiling light points, ceiling mounted C02 monitor, 1 x radiator and doors off to all accommodation.

Lounge: 154 x 115 4.69m x 3.49m
Smooth plastered ceiling, 2 x Double glazed box bay windows to the Side Aspect & Front Aspect, 2 x Ceiling mounted light points, Feature Fireplace with wooden surround and inset decorative electric fire, TV point, Telephone Point,1 x Radiator, Double doors into Dinning area.

Kitchen /Dining Area : Area 20 x 93 6.09m x 2.82m
Smooth plastered ceiling, 2 x ceiling mounted light points,1 x Double glazed box bay window to the front aspect,1 x Double glazed window to side aspect, Double glazed door giving access to the side garden, A range of base and wall mounted storage cupboards, Beech wood work surfaces with inset 1 bowl stainless steel sink and draining board with mixer tap over, inset 4 burner gas hob with extractor hood over, built in eye level electric oven, fully integrated Fridge Freezer, washing machine, Dish washer. Wall mounted cupboard housing Valiant Gas central Heating Boiler, 1 x Radiator, Part tiled walls, laminated wood effect flooring, door leading back to Entrance Hallway.

Master Bedroom : 103 x 910 3.12m x 3.01m
Smooth plastered ceiling, ceiling light point, 1 x Double glazed window to side aspect, built in wardrobes, door into En - Suite.

En Suite:
Smooth plastered ceiling, ceiling light point, wall mounted extractor fan, 1 x Obscure Double glazed window to side aspect, large shower cubicle with plumbed shower, LLWC, hand wash basin with storage cupboard under, large built in storage cupboard,1 x Radiator, part tiled walls, laminated flooring.

Bedroom 2 : 102 x 85 3.09m x 2.56m
Smooth plastered ceiling, ceiling light point,1 x Double glazed box bay window to side aspect, built in wardrobe

Bathroom:
Smooth plasterd ceiling,ceiling light point,wall mounted extractor fan,obsure double glazed wondow to the side aspect,pannelled bath with shower attachment over and glass side screen,LLWC, wash hand basin with storage cupboard under, 1 x Radiator ,part tiled walls,laminated floring.

Outside:
To the front of the property there is a small lawned area. A further lawned area is to the far side of the property with a decretive shingled pathway extending to steps with decorative wrought iron railings which gives access to the kitchen of the property. To the rear of the property a private decorative shingled area provides room for washing lines, or for creating a secluded seating or Al Fresco dinning area. The Entrance side of the property a further decorative shingled pathway extends to steps with decretive wrought iron railing which gives access to the front door into the property. The front is further enhanced by a block paved driveway which provides off road parking and allows access to

Detached Single Garage:
An up and over door allows for vehicle access, 1 x Double glazed window to side aspect, pedestrian door allows access from the side of the property. Power and Light connected

Nearest Stations:

3.05 miles
Bournemouth
3.37 miles
Branksome
3.69 miles
Pokesdown
4.31 miles
Parkstone
4.83 miles
Christchurch

Map location is not available for this property.

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

£ 188700

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
    £ 6000
  • 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

£ 8700
  • 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

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  %

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

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  %

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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