5 bedroom detached for sale

£575,000

5

Bedrooms

2

Bathrooms

Floorplan

THE PROPERTY
Allen Residential are pleased to offer for sale this Victorian era detached home thats tucked away back from the High Street on a substantial plot, a property that offers huge potential to create a fantastic home for its next owners with space to extend and large gardens to utilise. The village itself is conveniently located within 9 miles of Bath and 12 miles of Bristol, with an excellent range of local amenities that include shops, hairdressers, public house and primary school.
The accommodation requires modernising in places comprising of an entrance hall with mosaic tiled floor and stairs, a bay fronted dining room opening through to the kitchen with a range of fitted units, separate utility room, impressively large bay fronted lounge with fireplace, doorways through to the conservatory, study and cloakroom. From the first flooring are five bedrooms that are all of a good size, main family shower room and en-suite shower room to the principle bedroom.
To the front of the property is a section of shared driveway leading to the parking area, with space for three vehicles next to the front garden and outbuilding, mainly laid to lawn with trees and shrubbery. There is 33 ft outbuilding to the side of the house, that can also be accessed internally via the kitchen.
To the rear of the property is an elevated patio seating area that provides a lovely vista over the gardens towards Greyfield Woods. The long garden is mainly laid to lawn, enclosed by block walls and hedgerow, all the space you could want for a family, dogs or when entertaining.
With so many options available this property really must be seen to appreciate its potential, for more information or to arrange a viewing contact the sales team at Allen Residential on .
THE ACCOMMODATION
ENTRANCE HALL AND STAIRS
KITCHEN/ DINER
LOUNGE
STUDY
CLOAKROOM
CONSERVATORY
FIRST FLOOR LANDING
BEDROOM ONE
EN- SUITE SHOWER ROOM
BEDROOM TWO
BEDROOM THREE
BEDROOM FOUR
BEDROOM FIVE
BATHROOM

SEE FLOORPLAN FOR MEASUREMENTS



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

£ 477075

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
    £ 14375
  • 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

£ 45825
  • 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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