5 bedroom detached for sale

£650,000

5

Bedrooms

4

Bathrooms

Floorplan

This stunning modern detached home offers a generous spread of living accommodation over three floors. Having undergone renovations in recent years the current owners have created an expansive open plan ground floor layout ideal for catering to modern living and entertaining. The home boasts five well proportioned bedrooms along with four bathroom/shower rooms as well as downstairs W/C. Outside the home to the rear is private enclosed garden landscaped for easy maintenance along with a double garage and driveway. The double garage has been converted to a garden room currently used as a bar / home gym space but could also make a great space to work from home. The garage conversion has purposely been designed to allow it to easily be repurposed as a garage if required.

Entering the home via the front door you are greeted by a welcoming hall with stairs leading to the first floor. Under the staircase you will find a W/C and to the front of the home is a generous utility room. At the rear of the home is a light and airy open plan living space which features a wood burning stove ideal for creating a cosy atmosphere during winter months. The kitchen has recently been refitted and includes integrated appliances along with a boiling water tap. Two sets of French style doors to the rear of the kitchen/living space open out on to the garden creating a great entertaining space for barbecues throughout the summer.

The first floor accommodation is arranged around a central landing with doors opening on to three of the homes bedrooms, the family bathroom and airing cupboard. Bedrooms one and two can be found on the first floor, both of which featured adjoining en-suite shower rooms along with built in wardrobes. A set of stairs from the first floor leads on to the second floor where there is a modest landing with doors opening on to bedrooms three and four both of which enjoy built in wardrobes. Bedrooms three and four are serviced by a recently re-fitted shower room which can be found between the two rooms.

Buttercup Road is situated on a popular development within walking distance to all local amenities. There are two lower schools in Stotfold, Roecroft Lower School and St Marys Academy, with nearby middle and upper schools of Etonbury Academy. Pixbrook Academy and Samuel Whitbread Academy. Stotfold is centrally located to all major link roads including the A1 and the M1 into London, and to the nearby towns of Cambridge, Bedford and Milton Keynes. Fast train links of c. 35-40 mins into London Kings Cross and London St Pancras are via Letchworth and Arlesey. In Stotfold itself is a Co-op store, pharmacy, Days bakery, doctors surgery, dentist, library, working flour mill with coffee shop, and a variety of pubs/restaurants.

Disclaimer: Please note we do not test any fixtures, fittings, apparatus or services. Any interested parties should undertake their own investigation into the working order of these items. All measurements provided are approximate and photos are provided for guidance only. Potential buyers are advised to re-check the measurements before committing to any expense. Potential buyers are advised to check and confirm the EPC, estate management charges and council tax before committing to any expense. Floorplans are for illustration purposes only. Cooper Wallace do not verify the legal title of the property and the potential buyers should obtain verification from their solicitors committing to any expense.

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

£ 538950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16250
  • 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

£ 51450
  • 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.

£

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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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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