4 bedroom detached for sale

£525,000 Offers over

4

Bedrooms

2

Bathrooms

3

Reception

Floorplan

'' BEAUTIFUL ABODE '' FOUR BEDROOMS '' QUIET CUL-DE-SAC LOCATION ''

Cloud Estates welcome this well-appointed residence situated in Moralee Close, Haydon Grange, Newcastle Upon Tyne, offers over 120 m of living space across two floors. The house has everything a modern family will need.

The property features a variety of living spaces, including a living room, dining room and a dedicated office. The living areas are characterized by their bright, airy ambiance, with large windows allowing ample natural light. The living room showcases a modern design with comfortable seating areas, a fireplace, and entertainment options. A conservatory room has a newly installed fixed roof offering a fabulousyear-round living space, perfect for a second sitting room, playroom, or entertaining, offering beautiful views of thegenerous southerly facing rear garden.

The kitchen is well-equipped with a range of modern appliances including a fridge, freezer, larder fridge, dish washer, with ample storage, and wooden countertops. It features a practical L-shaped layout and is complemented by wooden flooring. A separate laundry room adds convenience to daily chores.

The home is tastefully decorated throughout witha neutral colour palette creating a relaxing atmosphere. The propertys design emphasizes comfort and functionality, making it an ideal family home. The bathrooms are modern and functional, featuring contemporary fixtures and finishes.

Upstairs are four bedrooms, three of which have built in wardrobes, the primary bedroom has a lovely ensuite. No doubt this property has plenty of storage.

The plot size of this property is lrger than average on the estate as it was one of the original houses to be built. To the front is a garden , to the side is a double driveway and a detached double garage. To the rear is a south facing garden, with lawn, patio areas and bedding plants and another gravelled area behind the garage where a shed is located.

Viewers will not fail to be impressed with what this property has to offer.

Please contact Cloud Estates to arrange your viewing



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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

£ 435825

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

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
    £ 13125
  • 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

£ 42075
  • 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

£
  • 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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