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£600,000
Bedrooms
Bathrooms
We are delighted to offer this brand new four bedroom detached house positioned within a small gated development of just two properties. Benefitting from two reception rooms, impressive kitchen/dining room, en-suite shower room and car port. A viewing is recommended.
On approach you enter the property into a generous entrance hall with oak staircase and glass balustrade leading to the first floor. Oak internal doors lead to principal rooms. To the front of the property is a study. A dual aspect kitchen/dining room with quartz worktops, which has french doors leading to the rear garden. To the rear of the house is a substantial lounge with bi-folding doors also leading to the garden. On the ground floor there is also a utility room and wc. Upstairs there are four bedrooms, all with fitted wardrobes and a family shower room. The master bedroom also benefits from an en-suite shower room. The property has been fitted with an air source heat pump and on the ground floor has under floor heating.
To the front of the property, it enjoys an extremely generous block paved driveway with parking for multiple cars and access to a detached double garage. There is external lighting to the front and rear. To the rear is a fully enclosed and beautifully landscaped rear garden with a spacious full-width Porcelain patio, which has ample space for table and chairs. The remainder is then laid to a synthetic lawn with fenced boundaries.
This property has a shared gated driveway with one other 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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