5 bedroom detached for sale

£500,000

5

Bedrooms

3

Bathrooms

Floorplan

THE PROPERTY
Allen Residential are delighted to offer for sale, with no onward chain, this spacious detached family home of approximately 2360 square feet. Available for the first time since its construction, the property is set in an elevated position on the outskirts of Radstock, along Bristol Road, a popular road where many properties are being extended and improved, enjoying far-reaching countryside views and convenient access to Bath.
The accommodation is arranged over three floors, offering flexible and well-proportioned living space ideal for family life. On the ground floor, there is an integral double garage with an under-stairs storage cupboard and internal access to the entrance hall. Stairs lead up to the first floor where a generous open-plan layout includes a dining area that flows into a bright and airy lounge. Large windows and a sliding door frame beautiful rural views and provide access to a side patio area, perfect for relaxing or entertaining.
From the dining area, further stairs rise to the second floor, while double doors open into an inner hallway. This connects to a well-equipped kitchen with a range of fitted units, space for a breakfast table, and access to a separate utility room that leads out to the rear garden. The first floor also includes a family bathroom and two double bedrooms, one of which could be ideal as a home office or guest room. On the second floor, the main bedroom features built-in wardrobes and an en-suite shower room. Two further double bedrooms and an additional bathroom complete the accommodation.
Outside, the property benefits from a block-paved driveway with walled shrub borders. The enclosed rear garden backs onto open fields and features a mix of lawn, mature trees and shrubs, steps, and pathways. A summer house sits at the top of the garden, along with a wooden storage shed, and there is also a patio area to the side of the house.
This generously sized home has been well maintained and presents an exciting opportunity for new owners to update and personalise to their own taste. For more information or to arrange a viewing, contact the sales team at Allen Residential.
THE ACCOMMODATION
ENTRANCE HALL AND STAIRS
INTEGRAL ACCESS TO DOUBLE GARAGE
LARGE OPEN PLAN LIVING AREA
KITCHEN
UTILITY ROOM
BEDROOM THREE
BEDROOM FOUR
FIRST FLOOR
BEDROOM ONE
EN-SUITE SHOWER ROOM
BEDROOM TWO
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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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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