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14/16 Bromham Road, Bedford
£1,000,000 Guide Price
Bedrooms
Bathrooms
''READY FOR OCCUPATION''Located in a highly desirable residential area, South Lodge offers a truly rare opportunity to purchase a uniquely designed brand new 5 bedroom detached family home, set within substantial grounds extending to c.0.28 acres. Accommodation of c.2,830 sq ft (GIA) over two floors comprises: entrance hall, W/C, utility room, sitting room, kitchen/family room, study, 5 bedrooms (two with en-suite facility), family bathroom and a large double garage measuring approx. 22 3 x 20 6. DIMENSIONS:Ground floor:-Kitchen/Family Room: 37 9 x 22 7Sitting Room: 18 8 x 17 4Study: 17 4 x 8 2Utility: 8 2 x 6 6Double Garage: 22 3 x 20 6First floor:-Master bedroom: 17 4 x 15 9En-suite: 11 1 x 6 10Bedroom 2: 17 4 x 15 5En-suite: 11 1 x 5 11Bedroom 3: 14 9 x 10 10Bedroom 4: 17 8 x 10 6Bedroom 5: 12 1 x 8 2Family bathroom: 7 10 x 7 2NOTE: All dimensions stated are maximum.SPECIFICATION INCLUDES:- High quality Italian kitchen complete with island, granite worktops and intergrated appliances which include: electric oven, induction hob with discrete Xpelair extractor, microwave and dishwasher. Space for an American style Fridge/Freezer and wiring provision for installation of a wine cooler located in the island. - Kitchen/family room with plentiful media points and large bi-folding doors leading to generous rear garden and patio area - Utility room with space for washing machine & tumble dryer and ample cupboard storage space - Zonal underfloor heating to ground floor accommodation with gas fired radiator central heating to first floor- Luxury Porcelain tiled flooring throughout entrance hall, cloakroom, utility room and kitchen/family room-Designer sanitaryware installed in wet areas-Double glazed windows and fitted smoke detectors throughout; fire escape from Bedroom 5- Large double garage (measuring approximately 22 3 x 20 6) with up and over doors and expansive block paved frontage with parking for a minimum of 5 vehicles.-Pre-wiring provision for electric vehicle charging. -Long approach via a private driveway leading to electrically operated entrance gates -Planting and turfing to front and rear (to be completed)-10 year Buildzone warranty for purchaser peace of mindLOCATION:Just 1.5 miles to the north east of Bedford town centre, South Lodge is conveniently situated for access to the A421 (Oxford/Cambridge Expressway) linking the A1 to the M1 and Bedfords mainline railway station which has fast and frequent services to London St.Pancras International (approx 40 mins). The immediate area is well served with local shops and schools and within easy walking distance of Mowsbury and Bedford Parks. Bedford is also home to the highly regarded independent Harpur Trust schools. CALL MARK at COMPASS NEW HOMES FOR FURTHER DETAILS or TO ARRANGE A VIEWING. COMPASS REQUIREMENTS:Under the Money Laundering Act 2004 we are required to obtain photographic identification of any person(s) purchasing a property via our company.Upon acceptance of an offer a client(s) will need 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 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 and are correct as of SEPTEMBER 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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