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14/16 Bromham Road, Bedford
£750,000 Guide Price
Bedrooms
Bathrooms
''ESTIMATED COMPLETION - LATE 2022 / EARLY 2023'' Compass New Homes are pleased to offer for sale this brand new 5 bedroom detached home being built to the highest quality by local developers Box Orange Property. Located in a highly sought-after residential area this stunning family home forms part of a standalone development of just two executive properties and is situated on the western side of the A6 between Wilstead and Wixams. Currently in the course of construction, once completed this exceptional property will measure circa 2,300 sq ft (GIA) over three floors and encompass a luxury specification throughout with KEY FEATURES including: 'German Schuller kitchen with quartz/granite worktops'Premium integrated appliances'Designer heated towel rails'Premium sanitwaryware 'Porcelain wall and floor tiles'High quality carpets and engineered wood flooring'Quality internal doors'Bi-Folding doors to patio and rear garden 'Sage UPVC double glazed windows'Gas central heating with Hive smart controls'Underfloor heating to ground floor'Log burner'LED spotlights to kitchen & bathroomsExternally: 'Front and rear exterior lighting'High quality Marshall patio slab 'Block paving to driveway'Electric car charging point'Outside tap (where specified)LOCATION:Lakeside Mews is located on Bedford Road just off the A6 between Wilstead and Wixams.CONTACT COMPASS NEW HOMES NOW FOR FURTHER DETAILSCompass New Homes for themselves and for the vendors of the property, whose agents they are give notice that: (a) these particulars are produced in good faith, but are set out as a general guide only and do not constitute any part of a contract; (b) no person in the employment of Compass New Homes has any authority to make or give any representation or warranty whatsoever in relation to the property. These details are presented Subject to Contract and Without Prejudice as of MAY 2022.
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.
14/16 Bromham Road, Bedford
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