4 bedroom semi-detached for sale

£825,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Attractive traditional Garden City semi Superb new L-shaped open-plan living space with dining, family room and fitted kitchen Plus separate sitting room Off-street parking Attractive 111 long west facing rear garden Enviable location on the south side of town

The Accommodation - Porch Entrance Hall Sitting Room L-shaped open-plan Living Space with Kitchen, Dining and Family Room areas Laundry Cloakroom/WC
Landing Master Bedroom with en suite Shower Room Bedroom 2 Bedroom 3 Family Bathroom
Bedroom 4 Box Room/Dressing Room/Occasional 5th Bedroom

The Property - This handsome semi detached house dates from the early years of the Garden City and retains the charm and character of the period with fireplaces and bay and Oriel windows. The centrepice of this fine family home is an outstanding newly created open-plan L-shaped living space with dining and family room areas, plus a superb new fitted kitchen area. There is also a charming separate bay-windowed sitting room.

The master bedroom has an en suite shower room and the other bedrooms, two on the first floor and a fourth and occasional fifth on the second, are served by the family bathroom.

The house benefits from uPVC double-glazed windows and gas fired central heating, with supplementary electric underfloor heating to the kitchen and dining/family room.

The Outside - The house stands in an excellent plot measuring approximately 178 by 27 (54.43m x 8.2m) overall. It is screened from the road by a hedge and the front garden is laid to lawn with a paved driveway providing off-street parking for two cars.

A gate to the side of the house leads to the west facing rear garden, which is some 111 (34m) in length and very attractively laid out with paved patio, lawns, an area of decking, herbaceous beds and borders, ornamental shrubs and conifers and an apple tree. Two timber garden sheds.

The Location - Norton Way South is located just to the south-east of the town centre and is a highly regarded road on the favoured south side of Letchworth Garden City. No 353 is just half-a-mile from the town centre and less than three-quarters of a mile from the mainline railway station. The fastest rail service to London Kings Cross takes just 28 minutes and Cambridge is 26 minutes away in the other direction. Junction 9 on the A1(M) is 1 miles away by car.

Designed in the early 20th Century to combine the benefits of town and country, Letchworth Garden City was the worlds first example of this concept and succeeds to this day in achieving its aim. It provides attractive open green spaces throughout the town, together with excellent schools, shops and leisure facilities.

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 683325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 20625
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 64575
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message