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£775,000
Bedrooms
Bathrooms
A substantial five bedroom detached family house with over 3000 sq ft of living accommodation located in the sought-after village of Frolesworth, with exceptional family living space, private garden, driveway and garaging for two cars.
The spacious and light filled entrance hallway, with double height ceilings, opens into the extensive family living space, including a large living room separated from a secondary reception space / dining room by a dual aspect feature fireplace, with bi-folding French doors opening directly into the garden. From the main reception area is a further, more private reception room / lounge, perfect for a snug or playroom.
Beyond the reception space is the stunning family kitchen with beautifully crafted cabinetry and stone work surfaces, including a substantial working island, ideal for entertaining.
There is a separate utility room leading to the back door from the kitchen.
Further downstairs accommodation includes a separate study located off the main entrance hallway and a guest WC.
Accommodation upstairs includes five double bedrooms, including primary and guest bedrooms, both with en-suite bathrooms, three further double bedrooms and a family bathroom.
Location
Frolesworth is a quiet village located in the Leicestershire countryside between the villages of Sharnford, Claybrook Magna and Broughton Astley, a good selection of nearby schools, including Sharnford C of E Primary School.
Local amenities including Waitrose and Morrisons in Lutterworth, Tescos and Sainsburys in nearby Hinkley, as well as a good choice of local pubs and restaurants.
Activities including sailing and canoeing can be found at nearby Stanton Lakes and Stoney Cove.
Local transport links include Cross Country Rail services from nearby Narborough and Hinckley Railway Stations and Avanti West Coast and West Midlands Railway services from Rugby.
The M6, M1 and M69 motorways provide good access towards Birmingham, Leicester and London.
The property is for sale with no onward chain.
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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