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£900,000
Bedrooms
Bathrooms
Arins property services, are pleased to offer this this charming five-bedroom detached chalet bungalow situated in the popular village of Sherborne St. John. The property has undergone vast improvement by the present owners which includes extending the property, you are within a reasonable distance from Bramley train station which is ideal for the modern day commuter, while being close to Basingstoke Hospital plus Basingstoke town centre and is close to various local shops and amenities, which is perfect for families and people wishing to work from home, as well as having easy access to the M3. The living accommodation is versatile and benefits from four bedrooms, a refitted kitchen/ breakfast room, two separate studies, a large lounge and two refitted bathrooms. Other features include under floor heating in the kitchen, built-in storage in all bedrooms, food waste grinder sink, smart electrical switches throughout, driveway parking for several vehicles, enclosed rear garden, and double-glazed windows.
Sherborne St John is a residential village located on the outskirts of Basingstoke. The community is perfect for living a rural lifestyle with close proximity to transport links into London if commuting for work. Other benefits of the location include local shops and countryside landscape nearby, as well as Primary schools such as Church of England primary school. Furthermore, the property is located on a residential road making it peaceful and enjoyable location.
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Floor: Suspended, no insulation (assumed)
Roof: Pitched, 200 mm loft insulation
Walls: Cavity wall, as built, no insulation (assumed)
Windows: Fully double glazed
Lighting: Low energy lighting in 34% of fixed outlets
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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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