4 bedroom detached for sale

£325,000

4

Bedrooms

1

Bathrooms

Floorplan

Andrew Cowen Estate Agents are delighted to present to the market this WELL PRESENTED, FOUR BEDROOM DETACHED house situated in the highly SOUGHT AFTER SOUTHSIDE LOCATION boasting ATTRACTIVE FRONT AND REAR GARDENS, DRIVEWAY AND INTEGRAL GARAGE. This charming property also benefits from UPVC DOUBLE GLAZING and GAS CENTRAL HEATING making this the perfect home for a RANGE OF BUYERS. NO ONWARD CHAIN.

This beautifully presented property briefly comprises; inner porch leading into the entrance hall with tiled flooring which provides access into the modern fitted kitchen with a range of base and wall units and ample worktop space. The property also boasts a spacious conservatory/dining space which allows plenty of natural light. There is also a separate lounge space accessed via the sliding oak barn door, which is immaculately presented with window shutters and feature log burner, and a downstairs W/C. To the first floor lies four bright and airy bedrooms, one complete with built in wardrobe supplying plenty of storage space, and double doors from another leading out onto the balcony overlooking the scenic views of Olivers Mount and the sea, ideal for alfresco dining There is also a three-piece contemporary bathroom suite with overhead shower and tiled walls and flooring.

Externally, the property boasts picturesque, landscaped gardens across two tiers with a patio area for garden furniture to the rear, as well as beautiful lawn to the front with block-paved driveway and integral garage.

Being located in the popular South of Scarborough, the property offers good access to a range of amenities and attractions including local shops, public house, Cayton Bay beach and the Cleveland Way which is ideal for walkers, plus the property is also on a regular bus route to and from Scarborough Town Centre.

Viewing is a must to appreciate the space and all that this property has to offer. Please call our friendly Sales Team on to arrange your viewing today!

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

£ 270825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 8125
  • 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

£ 27075
  • 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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