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14/16 Bromham Road, Bedford
£1,100,000 Guide Price
Bedrooms
Bathrooms
A rare opportunity to purchase this unique 1930s build, 5 double bedroom detached residence located on a generous plot in Biddenham. The property is presented in beautiful order throughout, offers 2840 sq. ft of living space and occupies a generous plot equating to 0.293 of an acre (sts). This wonderful family home is approached via an imposing double gated entrance to a sweeping driveway providing off road parking for at least 6 cars with well tended borders and lawn areas. The spacious and welcoming entrance hall with marble flooring gives direct access to all the principle reception rooms and stairs to the first floor accommodation. There is a light airy and spacious front to back lounge with bi-fold doors opening up onto an extensive covered decking area leading to the rear garden, a nice size study offering two good size work stations which overlooks the front aspect, a cloakroom and a fantastic 23ft x 19ft kitchen breakfast dining room which is open plan to a family room, this is truly the hub of the house and the most impressive I have seen. The kitchen has recently been installed in pastel grey high gloss units and is of excellent size and quality and boasts integrated appliances where specified, quartz work tops, ample eye and low level units with deep pan drawers to a good size central island, a breakfast bar, and utility room which completes the ground floor layout. On the first floor is a good size master bedroom with built in wardrobes and en suite bath / shower facility, 4 further double bedrooms and a fully tiled family bath and shower room. From the front is gated side access to both sides of the property leading to a detached triple garage with a side staircase up to a self-contained annexe facility comprising, kitchen, lounge / bedroom and shower room. The private rear garden is a large expanse of manicured lawn and a spacious and pretty covered decking area with ample lighting, this well tended garden is ideal for good size gatherings and entertaining and is of good proportion.The property is situated 0.5 miles west of Bedford town centre on the western fringes of Bedford. The town centre is within walking distance & offers an array of shopping facilities & the picturesque River Great Ouse with its various bars & restaurants. The property falls within a well regarded local authority school catchment & the highly regarded private Harpur Trust schools are located in & around the town centre. The mainline railway station is a short walk away offering fast & frequent commuter links to London & the north and excellent vehicular access to the A1m, M1 Junction 13 & A6 trunk road can be sourced via the Bedford Southern Bypass.CALL COMPASS EXECUTIVE HOMES TO ARRANGE YOUR VIEWING.Under the Money Laundering Act 2004 we are required to obtain photographic identification of any persons purchasing a property through our firm. Upon acceptance of an offer a client will be required to provide an original official document e.g. new style driving license/passport for copying purposes, to be held on file in order to comply with our obligations as estate agents covered by the act.Compass Executive 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 Executive 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 AUGUST 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.
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