4 bedroom detached for sale

£495,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

A spacious and superbly presented modern executive-style detached family home situated within the sought-after Potters Lea development on the outskirts of Kingsteignton and built by well-regarded developers Messrs Redrow Homes in 2020. The spacious accommodation boasts four double bedrooms, master with an en-suite shower room, a light and airy dual-aspect lounge, a superb and extensively fitted kitchen/dining room with integrated appliances and French doors to the garden. In addition, there is a utility room, bathroom and cloakroom/WC. Gas central heating and double glazing are installed and outside there is ample driveway parking, a detached garage and level easy to maintain gardens.

This propertys situation allows easy access to both the A380 between Exeter and Torbay at the head of the Teign Estuary, as well as the A38. Kingsteignton itself has various amenities, including a new primary school, racecourse, parish church, ample shops, swimming pool, petrol stations, restaurants, eating houses and pubs. Local stores include Next, Lidl and Tesco supermarkets as well as DIY shops. The market town of Newton Abbot is a short distance away and has a much wider range of facilities and amenities, including an excellent range of shops along with super stores, leisure centre and a new hospital.

Accommodation

An open canopied entrance porch with part obscure-glazed composite door leads to the entrance hallway with stairs to first floor with storage cupboard under and a cloakroom WC with low-level WC and wash basin. The lounge is a bright and spacious dual-aspect room with windows to front and side. The kitchen/dining/family room is also a spacious bright dual-aspect room with windows to front and rear overlooking the rear garden and French doors and side panels leading to the garden. The kitchen is extensively fitted with a modern range of white high gloss wall and base units with granite work surfaces and matching splashback, inset sink unit, integrated appliances include double oven, hob, fridge/freezer and dishwasher. A door leads to the utility room which has a wall and base unit with granite work surface, space and plumbing for washing machine and further appliance, wall mounted gas boiler and composite part obscure glazed door to outside.

On the first floor there is a spacious galleried landing with window to front and storage cupboard. Bedroom one has a window enjoying pleasant views, a range of fitted wardrobes and an en-suite shower room with shower cubicle, low-level WC, wash basin, heated towel rail and window. Bedroom two has windows to front and side enjoying a pleasant outlook. Bedroom three has a window to front and bedroom four has a window overlooking the rear garden. The bathroom is fitted with a white suite comprising panelled bath with shower over, screen and tiling to surround, low-level WC, wash basin, heated towel rail and obscure-double glazed window.

Parking
Outside to the front there is a tarmac driveway providing off-road parking for several vehicles leading to a detached garage with metal up over door, power and light.

Gardens
There is a lawned area that extends along the front and side with shrub borders. The rear garden is of a generous size and predominantly level with lawned area, gravelled paths and seating area, paved patio and gate leading to the driveway.

Agents Notes
Council Tax: Currently Band E.
Tenure: Freehold.
Service Charge: Currently 124.80 per annum.
Review Period: Annually.
Mains water. Mains drainage. Mains gas. Mains electricity.



Features
  • Freehold

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

£ 411075

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
    £ 12375
  • 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

£ 39825
  • 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.

£

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

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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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