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£524,950
Bedrooms
Bathrooms
Brown and Cockerill Estate Agents are delighted to offer for sale this five bedroom link detached property with accommodation set over three floors and located on the sought after Houlton development. The property is newly built by William Davis to 'The Bramcote' design and is of standard brick built construction with a tiled roof, has all mains services connected and 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 accommodation is set over three floors and in brief, comprises of an entrance hall with stairs rising to the first floor landing and doors off to a ground floor cloakroom/w.c. fitted with a white suite to include a wash hand basin and low level w.c. The lounge has a bay window to the front elevation. A spacious kitchen/dining/breakfast room provides an ideal entertaining space and has a range of integrated appliances,a box bay window with French doors opening onto the rear garden and benefits from a separate utility room.
To the first floor, the landing has a storage cupboard housing the hot water tank and doors off to bedroom two which has built in wardrobes and benefits from a modern en-suite shower room fitted with a double shower cubicle, wash hand basin, low level w.c. and heated towel rail. There are three further bedrooms serviced by the four piece family bathroom, fitted with a panelled bath, corner shower enclosure, wall hung wash hand basin, low level w.c. and heated towel rail. There is a door off the landing giving access to stairs rising to the second floor.
To the second floor, the master suite has a useful walk-in wardrobe and benefits from a contemporary en-suite shower room fitted with a shower enclosure, double wash hand basin, low level w.c. and heated towel rail.
The property benefits from Upvc double glazing and gas fired central heating to radiators.
Externally, to the left of the property is a private driveway/car port providing off road parking and leading to the detached garage, with double wooden doors and benefits from power and lighting connected. The rear garden is predominantly laid to lawn with a paved patio area to the immediate rear and is enclosed by brick walls, timber fencing and has a side pedestrian gate giving access to the driveway/car port and garage.
The property build is complete, early viewing is highly recommended to avoid disappointment and there is no onward chain.
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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