5 bedroom detached for sale

£800,000 Guide Price

5

Bedrooms

2

Bathrooms

Floorplan

Coming to the market for the first time in 57 years is this unique opportunity to purchase this detached family home situated on a private road in the highly sought after village of Biddenham. The home boasts well designed spacious living accommodation over two floors that includes four bedrooms and separate reception rooms. Externally the home features a driveway with ample parking along with a 31ft long garage. To the rear of the property is a large private garden which is mainly lawned and part paved offering a ideal space for outdoor entertaining.

Upon entering the home you are greeted by a welcoming hall with built in storage, a door leading to a utility room and separate cloakroom. Further to this is a inner hallway with doors opening on to all of the downstairs living accommodation. the accommodation comprises of an kitchen, dining room, large living room with an access door to the garden and a bedroom with a en-suite shower room. On the first floor are four well proportioned bedrooms and a three piece family bathroom. The property itself requires modernisation but offers a unique and rare opportunity for someone to create a spectacular family home.

Biddenham lies just to the West of Bedford and is the closest village to the town with Vicars Close, a private road, being just two miles from Bedfords mainline railway station offering fast and frequent services, from 41 minutes, to the city and beyond. Biddenham is ideally located to take advantage of Bedfords link to the A421 that connects the M1 at Junction 13 with the A1 at the Black Cat roundabout.

Biddenham is a prosperous village with three schools, Biddenham International School and Sports College, St James VA Primary School and St James & St Gregorys Catholic Primary School and a Public House. The Biddenham Pavilion in the centre of the village offers a wide range of opportunities both sporting and social to include two hard tennis courts. Biddenham is also ideally situated for access to Bedfords town centre for shopping and recreational facilities as well as for Bedfords wealth of private schooling offered by the Harpur Trust and others.

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.

Map location is not available for this property.

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

£ 662700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 20000
  • 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

£ 62700
  • 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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