4 bedroom detached for sale

£1,125,000 Guide Price

4

Bedrooms

3

Bathrooms

Floorplan

Superb brand-new home, combining the style of a period barn with the latest standards of insulation and the convenience of modern living 10 year Build Zone warranty Impressively high standard of finish Environmentally friendly air source heat pump supplies underfloor central heating throughout Generous garden plot Ample off-street parking plus detached double garage Delightful rural location

The Property - Built to an exemplary high standard of finish, this outstanding brand-new individual rural house combines the style of a period barn with the convenience and standards of a modern home with the reassurance of a 10 year Build Zone warranty. Constructed of insulated concrete formwork (ICF) with a brick plinth externally and timber weather-boarding externally, under an pitched roof clad with coated aluminium sheet, the property has the high levels of insulation to enjoy the benefits of an environmentally friendly central heating system, underfloor heating throughout being supplied by an air source heat pump. The composite windows and doors are triple-glazed and finished with coated aluminium to the exterior with hardwood on the interior.

The double-height reception hall with gallery landing makes an impressive entrance and the ground floor provides three large reception room, open-plan kitchen and breakfast room, utility room and cloakroom/WC. Approached via a stylish oak staircase, the first floor is equally impressive with the master suite comprising very spacious bedroom, dressing room and shower room. There are three further double bedrooms, one also with an en suite shower, and a family bathroom.

The Outside - The house is set in a generous plot measuring approximately 116 by 83 (35.41m x 25.4m) overall. A five-bar gate opens to the forecourt laid to stone chippings providing ample off-street parking and leading to the detached double garage.

There is access to the rear to both sides of the house which has high quality paving to all sides, including a large full-width patio to the rear. The remainder of the rear garden, which is some 57 (17.45m) in depth and well screened by close-boarded fencing, has been laid to a newly seeded lawn. The house enjoys rural views over farmland and open countryside, particularly from the first floor.

The Location - The property enjoys a delightful rural setting half a mile to the south of the village centre and only a mile from the A1(M). Hinxworth is conveniently located on the Hertfordshire border with Cambridgeshire and Bedfordshire, The village is just 4 miles north of Baldock which, together with the adjoining towns of Letchworth Garden City and Hitchin offer a wide range of amenities, including mainline railway stations with regular services to London running throughout the day. Alternatively, Biggleswade is only 5 miles to the north and Arlesey station is a 5.9 mile drive to the west.

The small north Hertfordshire village of Hinxworth is served by a pub and the historic parish church. The neighbouring village of Ashwell provides a primary school and other facilities.

Services - MAINS water and electricity are connected to the property. Drainage is to a private domestic sewage treatment plant.
BROADBAND: A choice of providers with claimed download speeds of up to 1000 Mbps.
MOBILE SIGNAL: Most providers claim up to 4G coverage, O2 claims to provide 5G.

Council Tax - The property is a New Build awaiting confirmation of its Council Tax Band

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

£ 928325

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 28125
  • 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

£ 84575
  • 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

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£
  %

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

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  %

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

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