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£550,000 Guide Price
Bedrooms
Bathrooms
Set on a generous 0.31-acre plot (over a quarter of an acre), this detached four-bedroom property offers an exciting opportunity for full renovation or redevelopment in the popular South Cambridgeshire village of Whittlesford.
The existing accommodation extends to approximately 1,466 sq ft (136 sq m), excluding the garage, and features a traditional layout with three bedrooms, a family bathroom, spacious kitchen/breakfast room, and a large dual-aspect living room on the ground floor. A further bedroom is located on the first floor, with potential to develop this level further, subject to planning.
The layout offers excellent scope for modernisation, reconfiguration, or significant extension, either outwards into the expansive garden or upwards into the roof space. The large integral garage (290 sq ft / 27 sq m) could also be converted to create additional living accommodation.
The property sits well back from the road behind a deep frontage and benefits from a large south-west facing rear garden, making this an ideal plot for those seeking to create a substantial family home or explore redevelopment potential (STP).
Whittlesford is an enormously popular historic village. It is far enough away from Cambridge to be peaceful but close enough to offer an easy commute and has a good range of local facilities. Junction 10 of the M11 is only about a mile away and on the outskirts of the village is its mainline railway station, Whittlesford Parkway, which offers services to Cambridge and London Liverpool Street and makes the village an excellent base for commuting down to London.
Within the village there is a post office and shop, The Tickell Arms pub and restaurant and The Bees in the Wall pub. There is also The Red Lion Inn and a hotel by the railway station. The village has various societies, clubs and sports teams and an OFSTED Good primary school that feeds to the OFSTED Good Sawston Village College.
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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