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£1,000,000
Bedrooms
Bathrooms
Reception
Located in the heart of the highly sought after South Cambridgeshire village of Meldreth, this stunning family home is an absolute must see for the more discerning buyer.
Set centrally within a generous plot at the end of a private driveway and behind electric powered gates, this newly developed property offers over 3000 square feet of living space with highest quality fixtures and fittings throughout.
Meldreth is a highly regarded, charming village approximately 10 miles South of Cambridge city centre and has some excellent facilities which include a village shop and post office, primary school which currently has a good Ofsted rating and a mainline railway station with direct access to London and Cambridge. Comberton Village College is just six miles away and has an Ofsted rating of Outstanding. The British Queen public house is the hub of the village and offers excellent food and a family friendly environment.
38 High Street was designed and developed by the current owners to create a future proof family home. The ground floor layout consists of a very well appointed cinema room, playroom and a work from home office/study. Any of these rooms have the potential to be converted into downstairs bedrooms if extra room or step free living is needed. These are all accessed via an extra wide entrance hall which is wheelchair friendly.
The kitchen/dining family room is over 75 square metres of luxury with underfloor heating, ceramic tiled flooring, marble worktops, inset fireplace and bi-fold doors out to the landscaped rear garden. There is also a laundry room and guest WC.
Upstairs are four very large double bedrooms, meaning that nobody has to have the small room. The primary bedroom is over 30 square metres and is complimented by a walk in dressing area and a luxury en-suite including shower, roll top bath, twin sinks and sauna/steam unit. The remaining three double bedrooms are served by a four piece luxury bathroom suite.
Outside is parking for many vehicles and footings and foundations in place for a garage if required. The rear garden is laid to lawn with patio area for al fresco dining and entertaining.
Internal inspection is strongly advised and is strictly by appointment only so please contact us to arrange.
Map location is not available for this property.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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