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£1,500,000 Guide Price
Bedrooms
Bathrooms
Bracketts are delighted to be offering for sale this detached Victorian villa with rendered and colour washed elevations set within a wide plot that affords a good deal of potential subject to the necessary local authority consents. This characterful home retains a host of original period features including deep mould skirtings, high ceilings with moulded detail and a number of fireplaces extending through the building. Arranged over three floors the accommodation extends to 2,228 sq ft (207 sq m) in total and affords flexibility of use. Currently arranged as follows; a generous bright hallway with stairs both up and down, a bay fronted sitting room with a feature timber surround to a fireplace with tiled slips and open flue, further window to side, dining room with a marble fireplace and mantle, square bay to rear, kitchen with window and door to rear, assorted wall and base units. The lower ground floor can also be accessed from the rear garden and it comprises 3 rooms with a further kitchenette a separate WC and a shower room. On the top floor of the house the principal bedroom has a bay to the front and a feature fireplace, the second bedroom has a square bay to the rear where there are 2 further bedrooms and a bathroom, with a period suite that comprises a claws foot bath, a high level WC and a wash basin with airing cupboard to one corner. As previously referenced the house sits on a double width 0.43 acre plot with car port adjacent to the property and further parking and turning to the side. The gardens to the rear are primarily laid to lawn with mature shrubs, borders and hedging that affords the lower portion of the garden a good deal of privacy. There is also a large greenhouse and historically productive areas of kitchen garden.
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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