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£625,000 Guide Price
Bedrooms
Bathrooms
GUIDE PRICE 625,000 to 650,000. We are delighted to present this fantastic five bedroom detached family home located in the sought after area of Uplands. Immaculately presented throughout the property has been heavily extended and must be viewed to be fully appreciated.
On approach you enter the property through a double glazed door into a porch where a further door leads to the main entrance hallway with stairs to the first floor landing and doors to principal rooms. The ground floor accommodation then consists of a good sized lounge to the front aspect and a downstairs shower room. To the rear the property has been heavily extended and boasts a stunning open plan re-fitted kitchen/diner with integrated appliances which then leads to a further family room with patio doors to the rear garden. On the first floor there is a landing with built in storage, loft access and doors to five generously sized bedrooms and a four piece fitted family bathroom with walk in shower and separate bath. The whole property is immaculately presented throughout.
Outside
To the front aspect the property is set back from the road with a dropped kerb leading to driveway parking for multiple vehicles and a laid lawn. To the end of the driveway there is a garage with an up and over door, lighting and power plus a further side entrance. Side gated access then leads to a beautifully maintained private garden which enjoys a sunny southerly aspect. There is a paved patio adjacent to the property and the remainder of the garden is predominantly laid to lawn surrounded with wooden fence boundaries and is well stocked with many mature trees, shrubs and bushes. There is also external power sockets to the front and rear of the property plus an outside tap and wooden storage shed which is to remain.
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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