Four bedroom house

£700,000 Guide Price

4

Bedrooms

2

Bathrooms

1

Reception

Floorplan

**New in 2016**

A spacious and beautifully-presented FOUR bedroom, TWO bathroom home in an extremely private, gated mews with peace and tranquility, surrounded by open parkland in the historic Napsbury Park. Featuring GUEST CLOAKROOM, , kitchen/diner, separate lounge & West-facing rear garden overlooking green sward/park grounds. Parking for two cars with additional visitor spaces.



Property additional info

Entrance Hall :
Fitted carpet.

Kitchen/Breakfast Room : 13' " x 11' 2" (156" x 134" )
Window to front. Range of fitted wall and base units. Built-in oven and grill. Four-ring electric hob with extractor hood above. Sink unit with mixer tap. Built-in dishwasher. Built-in fridge/freezer. Radiator. Space for dining table.

Guest Cloakroom :
Wash basin. Heated towel rail. Low flush WC. Amtico flooring.

Lounge : 16' 3" x 11' 2" (195" x 134" )
French doors and window to rear. Radiator. Fitted carpet.

Bedroom Two : 16' 11" x 11' 4" (203" x 136" )
Windows to rear. Radiator. Fitted carpet.

Bedroom Three : 11' 4" x 9' 4" (136" x 112" )
Window to front. Radiator. Fitted carpet.

Bathroom : 6' 6" x 5' 6" (78" x 66" )
Panel enclosed bath with mixer tap and shower unit above. Glass shower screen. Wash basin. Low flush WC. Heated towel rail. Part-tiled walls.

Bedroom Four : 11' 3" x 7' 6" (135" x 90" )
Window to front. Radiator. Fitted carpet.

Master Bedroom : 26' 9" x 9' 7" (321" x 115" )
Windows to front and rear. Radiator. Fitted carpet. Built in sliding wardrobes. Access to loft, fully boarded for storage. Door to:-

En-suite Shower Room : 8' 3" x 7' 9" (99" x 93" )
Window to front. Shower cubicle with glass shower screen. Heated towel rail. Low flush WC. Wash basin. Part tiled walls. Tiled floor.

Office/Landing : 9' 4" x 6' 7" (112" x 79" )
Window to rear. Built-in storage/wardrobes. Radiator. Fitted carpet.

Garden :
Mainly laid to lawn with patio area. Gated access onto parkland.

Gated Mews & Parking :
Gated entrance to parking area with space for two cars on driveway. Additional visitor parking in parking area. Bike storage.

Services :
It is not our company policy to test services and domestic appliances so we cannot verify that they are in working order. The buyer is advised to obtain verification from their solicitor or surveyor.

Nearest Stations:

1.23 miles
Park Street
1.45 miles
How Wood (Hertfordshire)
2 miles
St.Albans Abbey
2.02 miles
St.Albans City
2.35 miles
Bricket Wood

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

£ 580200

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
    £ 17500
  • 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

£ 55200
  • 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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