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£625,000
Bedrooms
With NO ONWARD CHAIN, we present this 5 bedroom detached home on a plot stretching approx. 99 x 54 in total. This property offers lots of potential and viewings are highly recommended. Situated on a quiet crescent yet within close proximity to amenities, schools, excellent road links such as M25, A127 and A12 and transport links.
There is more than ample off street parking available to the front of the property across the huge driveway that can comfortably accommodate 7 cars.
The ground floor is modern and spacious and offers a porch, living room, kitchen/diner, utility and WC. The basement comprises of separate reception room, large double bedroom with fitted wardrobes and a storage cupboard and a shower room. A space that can be tailored to your own needs and wants such as a separate living accommodation for extended family, a secluded space to relax and unwind and/or entertain and host.
There are two double bedrooms, one single bedroom and the generously sized, four piece family bathroom to the first floor. The loft has also been converted into another double room.
The plot size means there is potential to extend/build to the side (30ft) STPP whilst maintaining a good sized garden that currently has a patio and lawn area.
Viewings are highly recommended at this detached property with a huge driveway and plot, set on three levels - 2 reception rooms, 5 bedrooms 2.5 bathrooms.
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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