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£485,000 Offers over
Bedrooms
Bathrooms
Brown and Cockerill Estate Agents are delighted to offer for sale this modern four bedroom link detached property built in 2024 by William Davis to their Kenilworth Design. The property is located on a corner plot in the highly sought after residential development of Houlton in Rugby and is of standard brick built construction with a tiled roof. The propertyhas all mains services connected andbenefits from the remainder of the NHBC certificate.
The property is within walking distance of The Old Station Nursery and there is further excellent schooling for all ages. Houlton boasts a range of additional facilities to include the popular David Lloyd Gym, the Tuning Fork cafe, Co-Op supermarket and there are local parks, nature walks and nearby allotments to enjoy.
There is convenient access to the surrounding M1/M6/A5 and A14 road and motorway networks and Rugby railway station operates a regular mainline intercity service to Birmingham New Street and London Euston in under an hour making the location ideal for those wishing to commute.
The versatile accommodation is set over three floors and in brief, comprises of an entrance hall with under stairs storage cupboard and stairs rising to the first floor landing. The ground floor cloakroom/w.c. is fitted with a white suite to include a wall mounted wash hand basin and low level w.c. There is a bay window in the lounge and a contemporary kitchen/dining/family room that provides an excellent entertaining space with French doors opening out onto the rear garden and a box bay window. To the kitchen area is a double oven, five ring Smeg induction hob with extractor over, integrated dishwasher and fridge/freezer and there are useful pull out power cables with USB connections. The separate utility room is accessed off the family area and has sink and space for an automatic washing machine and tumble dryer.
To the first floor, thelanding has stairs rising to the second floor and doors off to three well proportioned bedrooms all with fitted wardrobesand serviced by a four piece family bathroom fitted with a panelled bath, separate shower enclosure, wash hand basin, low level w.c., heated towel rail and inset spotlights to ceiling.
To the second floor, the landing gives access to the master bedroom which has a door giving access to eaves storage, a useful walk-in wardrobe and an en-suite shower room with Velux window and fitted with a double shower enclosure, double wash hand basins with vanity units below, low level w.c. and heated towel rail.
The property benefits from Upvc double glazing throughout and has gas fired central heating to radiators.
Externally, to the front of the property there is a paved pathway to the front entrance door and a driveway to the rear which provides off road parking for two vehicles and leads to the garage which has an up-and-over door, eaves storage and benefits from power and lighting being connected. The south-facing rear garden is enclosed by a brick wall and timber fencing to the boundaries with a paved patio area to the immediate rear and side with a wooden pergola and a lawned area. There is a wooden gate giving pedestrian access to the drive and garage.
Early viewing is highly recommended to avoid disappointment.
Gross Internal Area: approx. 171 m (1840 ft).
Estate Charge: TBC.
Map location is not available for this property.
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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