5 bedroom detached for sale

£1,595,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

Outstanding 'Arts and Crafts' house by CM Crickmer providing exceptionally spacious family accommodation Retains many fine original features including fireplaces and all of its character and charm Well extended and updated Set in a fine half acre plot with attractive gardens Double garage plus ample off-street parking First class location

The Property - This very handsome detached house dates from the early years of the Garden City and was built in the 'Arts & Crafts' style to a design by CM Crickmer, one of the leading architects of the Garden City movement. It retains many original attractive features and all of its charm and character, whilst having been extended and updated to provide outstanding family accommodation. The flexible ground floor provides five reception rooms, of which the family room and sitting room are open-plan with each other, with the drawing and dining rooms being semi open-plan. The family, dining and drawing rooms all have attractive fireplaces, with that in the drawing room being in the style of an inglenook. A fine modern kitchen/breakfast room and a spacious garden room complete the principal accommodation on the ground floor. The garden room was originally built to house an indoor swim spa pool and, although a properly engineered floor now covers this, it could be reinstated if required.

The first floor is equally impressive with a master suite comprising bedroom, dressing room and a most appealingly fitted bathroom with both shower and bath. A second suite comprises a remarkably spacious bedroom with en suite dressing and shower rooms. The reaming three double bedrooms are served by the family bathroom, which also boasts both shower and bath.

Constructed of cavity brickwork, the extensions being of insulated cavity brickwork, under a pitched tiled roof, the house benefits from uPVC double-glazed windows and central heating for all but the garden room is supplied by the gas fired boiler in the utility room. A second gas fired boiler is located in a plant room beneath the garden room, which serves the radiators in the garden room.

The Outside - The house is set some 151 (46.1m) back from the road in a fine plot extending to 0.48 acre and measuring approximately 260 by 78 (79.3m x 23.97m) overall. It is unusual in that the south facing front garden enjoys virtually total privacy and is laid to lawn with a paved terrace adjoining the house, herbaceous borders and numerous shrubs and trees including magnolia, Japanese acers, clipped yews and mature specimen conifers. Wisteria adorns the front of the house. A sweeping tarmac driveway leads past the house to the herring-bone brick paved courtyard in front of the detached double garage. Driveway and courtyard provide ample off-street parking.

The rear garden has a minimum depth of some 46 (14.2m) and is laid to lawn with an area of decking adjoining the garden room, herbaceous borders and ornamental shrubs, conifers and trees, including a number of fine silver birches. Large timber shed/workshop.

The Location - Set within the Letchworth Conservation Area, Sollershott West is one of the most highly regarded residential roads in the town, located just over half a mile to the south of the town centre and within three-quarters of a mile of the mainline railway station. Letchworth Garden City is on the London to Cambridge mainline and regular services run throughout the day. The fastest services to London Kings Cross take just 29 minutes and to Cambridge is 26 minutes in the other direction. Junction 9 on the A1(M) is 1.9 mile drive away.

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, green open spaces and other leisure facilities. The house is very well located for easy access to schools, the St Christopher School, St Francis College, St Thomas More RC Primary School and the Highfield School all being within half a mile.

Services - MAINS water, sewerage, gas and electricity are connected to the property.
BROADBAND: A choice of providers with claimed download speeds of up to 239 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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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

£ 1341475

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
    £ 39875
  • 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

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£

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

£ 145225
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
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    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

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

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