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£650,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 650,000 - 675,000. We are thrilled to introduce this detached residence which has been in the same family since new. Located down a private drive off Catisfield Lane, it features a vaulted open-plan living area, a double garage and is set on a large plot. Offered with no chain.
On approach the entrance is under a covered porch area which leads into the main entrance hallway with built in storage and doors to principal rooms. The ground floor accommodation then consists of a fantastic triple aspect open plan living/dining area with vaulted ceiling, A fitted kitchen adjacent, conservatory, further reception room/fourth bedroom and a downstairs shower room. On the first floor there is a landing leading to three good sized bedrooms plus a fitted family bathroom and separate WC. The property would benefit from modernisation throughout however is generous in size and offers further potential to extend subject to planning.
Outside
The property benefits from a larger than average wrap around plot accessed via a private Lane which only serves three properties. Double gates open in to a generous driveway with off street parking for multiple vehicles. At the end of the drive is a double garage with up and over door, lighting and power plus a separate walk in storage area adjacent. The gardens are predominantly laid to lawn and is well stocked with many mature fruit trees, bushes and shrubs. There is also a vegetable patch and greenhouse which is to remain plus a separate out building currently being used for storage with a pitched tiled roof. The extensive land around the property offers fantastic potential for extensions (subject to planning) to enhance the existing property which must be viewed to be fully appreciated.
The property has owned solar panels, however we have been informed by the current owners that only half of them are in working order at the moment. Please also note the property is of timber frame construction and there is currently no mains gas.
Full Fibre Broadband up to 1600 Mbps Mbps Download speed and up to 115 Mbps upload speed. This is based on information provided by Openreach.
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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