5 bedroom detached for sale

£1,500,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

This distinguished early garden city house has been exceptionally well restored and updated to provide a family home of the highest quality Heritage Foundation Award Winner Superb new kitchen/breakfast room/family room overlooking the rear garden Splendid plot of nearly half an acre Versatile garden studio currently used as office and gym Ample off-street parking and detached double garage Highly desirable location

The Property - The design for this distinguished early Garden City detached house was signed off by Parker & Unwin, the lead architects for the project, in 1908. It was a collaboration between Howard Goadby & Marriam, an architectural partnership based in Twickenham, and Edgar J Simmons of Letchworth. Goadby is notable for designing Twickenham library, whilst, intriguingly, Simmons is best known for designing cinemas.

The house was the subject of a scheme of complete restoration, updating and extension between 2014 and 2016. A testament to the standard of the work carried out is that it is a Heritage Foundation Award Winner and the house is rated one of special interest by the Letchworth Heritage Foundation. Work included extensions to the kitchen on the ground floor and the bathroom on the first, complete re-roofing, insulation to the walls and roof, re-rendering, timber treatment, complete re-wiring and re-plumbing, new top quality kitchen and bathroom fittings, new gas fired central heating (underfloor to the ground floor and cast iron radiators elsewhere) and replacement windows throughout to the original timber designs, but with sealed unit double-glazing. The Ross has truly been restored to its original grace and charm, with the addition everything required for modern living.

The heart of this exceptional family home is the superb kitchen/breakfast room/family room with its large double-glazed roof lantern. The generous accommodation also includes separate sitting and dining rooms flanking the fine central hallway, laundry and cloakroom/WC. There are four double bedrooms on the first floor plus the very well-appointed family bathroom with both shower cubicle and free-standing roll-top bath.

The top floor comprises a master suite with landing/study, bedroom, dressing room and an even more impressive bathroom than that on the floor below.

The Outside - The house is set back from the road in a fine plot extending to 0.44 acre and measuring approximately 323 by 69 (98.4m x 21m) overall. It is screened from the road by a picket fence and laurel hedge and the front garden is laid to lawn with herbaceous borders, paved paths, roses and ornamental shrubs. The block paved driveway and forecourt provides good off-street parking and leads via power-operated gates and a shingle drive to the new detached double garage (with power-operated up-and-over door) to the rear.

A gate to the left of the house also leads to the rear garden, first to a paved area between the house and the detached office/gym. The outstanding rear garden is some 261 (79.6m) in length and laid to extensive lawns with a terraced paved patio, herbaceous borders, pergola, Koi pond with pergola over, ornamental shrubs, conifers and trees, including Japanese acers and silver birch. At the rear of the plot is the kitchen garden with raised vegetable beds and greenhouse.

The original single garage has been converted into a versatile office/gym with insulated walls and roof, electric underfloor heating and wood burning stove.

The Location - Norton Way South is a tree-lined residential avenue leading south from the town centre. The Ross is within half a mile of the town centre and just over half a mile from 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 1.4 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 house is well placed for easy access to schools, with St Francis College and the St Christopher School both about half a mile away, the Lordship Farm Primary School three-quarters of a mile and the Highfield School and St Thomas More RC Primary School within a mile.

Services - Mains water, sewerage, gas and electricity are connected to the property.

Construction - Solid brick walls, now insulated, with insulated cavity extension, roughcast rendered externally. The main roof is pitched, tiled and insulated. The ground floor extension has an insulated lead covered flat roof.

Broadband Speed - A choice of providers with claimed download speeds of up to 10,000 Mbps.

Mobile Signal - Most providers claim up to 5G coverage.

Conservation Area - The property is located within the Letchworth Conservation Area.

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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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. 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.

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.

Map location is not available for this property.

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

£ 1256450

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
    £ 37500
  • 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

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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

£ 131450
  • 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.

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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
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    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.

Notes

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