4 bedroom detached for sale

£500,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

A delightful, detached house in one of the more sought-after roads close to Havant town centre. Offering two reception rooms, attractive kitchen, four bedrooms and two shower rooms, the accommodation is ideal for a family or couples. The house also benefits from off-road parking and is chain free.

This bright and airy four bedroom detached house is located in a well-regarded residential location just a short distance to the east of Havant town centre. This puts it within about a 10 minute walk of local shops and amenities, including Waitrose and Havants mainline station with services direct to London (Waterloo). The house has great family accommodation and features private off-road parking to the rear of the property, there is also a double garage which the current owners have subdivided, using the main area for storage, a workshop and a gym and the smaller area as a utility room. The property benefits from solar panels which are fully owned by the current owners and the windows to the front of the property are triple glazed with the remainder of the windows being double glazed. A viewing is highly recommended to fully appreciate both the location and all the accommodation has to offer.

On entering the property, an entrance hall provides access to all ground floor accommodation. The kitchen features a range of wall and base fitted units with space for either a gas or electric cooker, fridge/freezer and dishwasher. From the kitchen there is a door leading into the garden as well as a sliding door that provides access into the dining room. The dining room can also be accessed from the entrance hall, this room is well proportioned and overlooks the front of the property. The lounge is dual aspect with windows looking out to the front of the property and the side. This room also features a gas fire. The windows in lounge, dining room and hall are all triple glazed. The down stairs shower room comprise of a corner shower, wash basin and toilet.

To the first floor, there are four good size bedrooms, three of which are dual aspect. Bedroom one and bedroom two are both large doubles and benefit from triple glazed windows. The shower room comprises of walk in shower, two wash basins and toilet. On the landing, there is access to the loft and to the airing cupboard which houses the hot water tank.

Outside, to the front of the property there is an attractive garden with an array of shrubs and hedges enclosed by a low level picket fence. This area of garden is south facing. The back garden has an area of patio adjacent to the property which leads into an area of AstroTurf then onto a raised deck area. From the back garden you can access the main area of the double garage which is currently used as a storage area/workshop and gym and the utility room which has some base cupboards an inset sink ,water softener along with plumbing for a washing machine ,space for a tumble drier and tall fridge /freezer.

GROUND FLOOR
ENTRANCE HALL
KITCHEN- 3.59m (119') max x 3.35m (11) max
DINING ROOM- 3.24m (108') x 3.00m (910')
LOUNGE- 5.84m (192') x 3.60m (1110')
SHOWER ROOM
GARAGE- CURRENTLY USED AS WORKSHOP/UTILITY ROOM

FIRST FLOOR
LANDING
BEDROOM 1- 3.60m (1110') x 3.43m (113')
BEDROOM 2- 3.20m (106') including cupboard x 3.06m (101') including cupboard
BEDROOM 3- 2.89m (96') excluding recess x 2.54m (84')
BEDROOM 4- 2.94m (98') excluding recess x 2.32m (77')
SHOWER ROOM

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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

£
  • 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.

Notes

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