5 bedroom detached for sale

£1,995,000 Guide Price

5

Bedrooms

3

Bathrooms

Floorplan

Spacious family home of considerable quality First class location next to Letchworth Golf Club Beautiful gardens and views Heated pool and Tennis court Detached double garage

The Accommodation - Porch Entrance Hall Cloakroom/WC Sitting Room Drawing Room Dining Room Garden Room Conservatory Kitchen/Breakfast Room Utility Room
Landing Master Bedroom with en suite Bathroom Bedroom 2 with en suite Shower Room Bedroom 3 with Dressing Room Bedroom 4 Family Bathroom Separate WC
Landing Study or Play Room Loft
Double Garage Gym Pool Room Wet Room with shower Cloakroom/WC Pool Boiler & Filtration Room Workshop/Store
Outdoor Heated Swimming Pool Hard Tennis Court

The Property - Dont let the lack of internal photos deceive you, the interior of this remarkable individual detached home is just as impressive as its exterior and grounds. This exceptional home provides splendidly spacious, versatile and beautifully presented family accommodation. The generously proportioned drawing room is complemented by a cosy sitting room, which opens to a garden room. The equally impressive kitchen/breakfast room, fitted to a very high standard opens to a fine conservatory. There is also a separate dining room.

The first floor carries on the theme of space and quality. The expansive master bedroom has a range of built-in wardrobes flanking a dressing table and an adjoining chest of drawers. The en suite to the master bedroom has both bath and shower. The second bedroom has its own en suite shower room, whilst the remaining two bedrooms are served by the family bathroom. The top floor provides a large study, office or play room or could supply additional bedrooms, if required.

The house benefits from double-glazing and gas fired central heating and enjoys splendid views over the adjoining Golf Course.

The Outside - The house is set in beautifully landscaped gardens, with the plot extending to some 243 by 206 ( 74.1m x 62.9m) overall. It is well screened to the front by a laurel hedge, shrubs and trees. Two pairs of electrically powered double gates open to the gravel in-and-out coach driveway, which provides generous off-street parking and leads to the detached double garage. Another pair of gates open to a paved area adjoining to pool room complex and workshop/store.

The south facing rear garden has a large paved patio terrace with fountain water feature and from which steps lead down through rockeries planted with a fine and varied collection of ornamental conifers to the main lawns. The whole plot is planted with numerous mature trees, shrubs and conifers. A second paved patio adjoins the immaculate full size hard tennis court. The main patio leads to the completely private pool area with its 12m x 6m heated swimming pool and adjoining pool room complex.

A bridge over a small stream (the flow is seasonal, but is a tributary of the River Purwell) leads to an area of the garden, amounting to less than a third of the plot, which is held on a 90 year lease (70 years unexpired) from the Letchworth Garden City Heritage Foundation at a nominal rent. This is laid out in similar style to the rest of the garden and with an ornamental pond and bamboos.

There are a number of timber sheds and summerhouses in the garden and the whole backs on to the attractively wooded Golf Course.

The Location - Garth Road is an exclusive private road of substantial individual detached properties located off Letchworth Lane on the favoured south side of the town, adjoing the towns renowned Golf Course. Just a mile south of the town centre, Elm Hollow is within a mile and a quarter of the mainline railway station. Letchworth Garden City is on the London Kings Cross to Cambridge mainline and offers regular services throughout the day. The fastest to London Kings Cross take just 28 minutes and Cambridge is 26 minutes away in the other direction. Junction 9 on the A1(M) is 1.5 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 excellent shops, schools, leisure facilities, including a cinema/theatre and green open spaces. The St Christopher School and Lordship Farm Primary School are within half a mile and St Francis College, Highfield School and St Thomas Moore RC Primary School within three-quarters.

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

£ 1699475

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
    £ 49875
  • 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

£ 203225
  • 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

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  • 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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