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£1,300,000 Guide Price
Bedrooms
Bathrooms
Substantial family home in the Garden City interpretation of the Arts & Crafts style Pleasant gardens Garage plus off-street parking Premier residential location just south of the town centre
The Property - This fine family home is a substantial and individual detached house in the Garden City style and typical of the sheer quality one expects from properties on Broadway. The sitting room boasts a log burner and the ground floor accommodation also includes a good dining room, family room and well fitted kitchen/breakfast room.
The master bedroom has an en-suite shower room and the three other bedrooms share two first floor bathrooms, one of which boasts both shower and bath.
The house is of cavity brickwork, part of which is insulated, under a tiled roof, and benefits from double-glazing and gas fired central heating.
The Outside - The house sits well back from the road in a fine plot measuring about 112 by 68 (34m x 20.7m) overall. The front is screened by a mature hedge with lawn and a carriage driveway providing off street parking for up to three vehicles and leading to the garage.
At the rear the property is a large rear garden, measuring about 67 by 56 (20.4m x 17m) with shrubs and assorted plants. There is a patio section ideal for barbecues and entertaining in the height of the summer. The lawn offers an ideal and safe place for children to play.
The Location - Set within the Letchworth Conservation Area, Broadway is one of the premier residential roads in the Garden City, just to the south of the town centre, which is only a third of a mile away. It is less than half a mile to the mainline railway station. Letchworth Garden City is on the Cambridge to London mainline with the fastest service to Kings Cross taking just 29 minutes and Cambridge 28 minutes away in the other direction. Junction 9 on the A1(M) is just 2 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. The town provides excellent schools, shops, leisure facilities and green open spaces. The property is particularly conveniently located for access to the most highly regarded schools in the town.
Services - MAINS water, sewerage, gas and electricity are connected to the property.
BROADBAND: A choice of providers with claimed download speeds of up to 1000 Mbps.
MOBILE SIGNAL: Most providers claim up to 4G coverage, some claim to provide 5G.
The Letchworth Garden City Heritage Foundation - To maintain the integrity of the Garden City concept and design, properties are subject to the additional planning requirements of the Heritage Foundation.
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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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