5 bedroom detached for sale

£590,000 Guide Price

5

Bedrooms

4

Bathrooms

Floorplan

Brown and Cockerill Estate Agents are delighted to offer for sale this substantial five bedroom detached property which has had the double garage converted into a one bedroom self contained annexe. The property is of standard brick built construction with a tiled roof and has the benefit of all mains services connected.

Crick is a village in Northamptonshire and is close to the border of Warwickshire, six miles east of Rugby and 14 miles northwest of Northampton. There are a range of amenities within the village to include a Post Office , Co-Op, three public houses, St Margarets Church and a well regarded primary school.

There is easy commuter access to the surrounding M1, A5, A428 and A14 road and motorway networks and Rugby railway station offers a regular mainline intercity service to Birmingham New Street and London Euston in under an hour.

The versatile accommodation is set over three floors and in brief, comprises of an entrance hall with stairs rising to the first floor landing, lounge with French doors opening onto the rear garden, separate dining room and ground floor cloakroom/w.c. The modern kitchen/family room is fitted with a five ring gas hob, double oven and has integrated appliance to include a dishwasher, fridge and freezer. There is a breakfast bar and central island with French doors opening onto the rear garden and a further door into the separate utility room. The utility room has a fitted automatic washing machine and space for a tumble dryer.

To the first floor, the landing has stairs rising to the second floor and gives access to the master bedroom which has fitted wardrobes and an en-suite bathroom fitted with a five piece white suite to include a panelled bath, low level w.c., bidet, double sinks and a fully tiled shower cubicle. There is a useful large airing cupboard in the bathroom accessed via double doors. Bedroom two has fitted wardrobes and an en-suite shower room fitted with a three piece white suite to include a shower enclosure, low level w.c. and vanity unit with inset wash hand basin. There is a further bedroom and a family bathroom fitted with a four piece white suite to include a fully tiled shower enclosure, panelled bath, low level w.c. and wash hand basin.

To the second floor, there is a good sized landing with Velux windows and doors off to two further bedrooms and a shower room fitted with a shower enclosure, low level w.c. and wash hand basin.

The property benefits from Upvc double glazing and gas fired central heating to radiators.

Externally, the double garage has been converted into a one bedroom self contained annexe benefitting from its own central heating system and has a kitchenette with four ring electric hob, oven and fridge freezer. There is a lounge area with separate bedroom and shower room. To the front of the property is a fore garden with slate borders and enclosed by railings and a driveway offering ample off road parking and leading to the self contained Wendy House annexe. The enclosed and private rear garden has paved patio areas to the immediate rear which offer an ideal al fresco dining/entertaining space with the remainder of the garden laid to lawn.

Early viewing is highly recommended to disappointment. The property is being offered for sale with no onward chain.

Gross Internal Area: approx. 193 m (2077 ft).


Construction Type
Traditional Block & Brick

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

£ 489450

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 14750
  • 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

£ 46950
  • 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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