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£725,000 Guide Price
Bedrooms
Bathrooms
Attractive modern family home with extended dining & kitchen/breakfast rooms Attached double garage with power operated up-and-over door Off-street parking on private drive Delightfully secluded rear garden Sought-after location on south side of town
The Property - This modern detached family home has the benefit of extended dining and kitchen/breakfast rooms to complement the spacious L-shaped sitting room. A cloakroom/WC, utility room and attached double garage, with power operated up-and-over door, complete the ground floor.
The first floor provides four bedrooms, with an en suite bathroom to the master. The other bedrooms are served by a family bathroom.
The house benefits from uPVC double-glazed windows and radiator central heating supplied by a gas fired boiler.
The Outside - The house is set in a plot measuring approximately 154 by 41 (46.9m x 12.5m) overall. The front garden is screened by a tall hedge and comprises herbaceous and shrub beds and borders. The herring-bone pattern brick paved drive provides good off-street parking and leads to the attached garage.
The delightfully secluded rear garden is some 88 (27m) in length and laid to lawn with brick and crazy paved patios, herbaceous beds and borders and ornamental shrubs and trees.
The Location - Chaomans is pleasantly situated in the highly regarded Manor Park area on the south side of Letchworth Garden City, just over a mile from the town centre and within a mile and a quarter of the mainline railway station. Letchworth Garden City is on the Cambridge to London mainline with the fastest service to London Kings Cross taking just 29 minutes and Cambridge 27 minutes away in the other direction. Junction 9 on the A1(M) is a mile and a half 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 house is just a quarter of a mile from Letchworth Golf Club and within half a mile of the Lordship Farm Primary School and St Christopher School.
Tenure - LEASEHOLD: 990 years term with 935 years remaining. Ground Rent: 5 pa.
Services - Mains water, sewerage, gas and electricity are connected to the property.
Restrictive Covenants - A restrictive covenant is a clause in an agreement that restricts, limits, prohibits, or restricts how owners can use a property. These could include: property use (e.g., business and rental use), the number and type of vehicles allowed on the property, fence height and type, removal of trees, paint colours for the front door or garage, installation of satellite dishes and even types of animals allowed at the property. None are recorded at the Land Registry for this property. For more information, please ask the agent.
Easements - Having an easement on your property means that a third party (an individual or a utility company for example) has a right to use your property for a particular purpose. This could be passing by foot or with vehicles over your property, or a right to pass service media for utilities on, over or under your property. An easement could also allow a neighbour to access your property in order to carry out repairs to their own property. For more information, please ask the agent.
Construction - Modern cavity construction. The main roof is pitched and tiled; the single storey areas have flat roofs.
Flooding - Properties can be at risk of flooding and it is important for you to check if the property has been flooded in the last 5 years, what flood defences are in place and source of any flooding. For more information, please ask the agent.
Broadband Speed - A choice of providers with claimed download speeds of up to 1,000 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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