4 bedroom detached for sale

£400,000

4

Bedrooms

2

Bathrooms

Floorplan

THIS STUNNING 4 BED DETACHED EXECUTIVE HOME SITS AT THE HEAD OF CHANGE CLOSE, BACUP, ROSSENDALE. WITH COUNTRYSIDE VIEWS AND A SUBSTANTIAL PLOT SIZE THIS PROPERTY IS NOT TO BE MISSED.

This large family home, has very spacious rooms throughout, a 6 car driveway, large double garage, wrap around gardens, family shower room, master bed with ensuite, and ground floor WC.

The property comprises: Entrance hall, Study OR Bed 5, Ground Floor WC, Kitchen with Built in Appliances, Open plan lounge diner. To the first floor you have 3 double bedrooms (one master bed with shower ensuite), a good sized single bedroom, and a shower room.

This property is close to local amenities and schools, and has countryside walks right from your doorstep. Bacup cricket club and the Crown inn and is close by. To the rear of the property you have farm land with regular visits from horses / cattle, deer, squirrels and owls.

This is such a nice area and has panoramic valley views, get in touch with our office today to book a viewing. The property also comes with a recently serviced alarm.

ALL ITEMS CAN STAY IN THE PROPERTY IF REQUIRED AND CAN BE PART OF A NEGOTIATION OF THE SALE.

GROUND FLOOR

ENTRANCE HALL
Spacious open hallway.

STUDY / BEDROOM 5 - 2.5m x 2.5m
Currently used as a study but could also be used as a 5th bedroom. Lovely bay window with views down the close and the valley beyond.

LOUNGE - 4.7m x 4.1m
Very spacious lounge open plan diner. Feature gas fire and again partial countryside views.

DINING ROOM - 4.1m x 2.8m
Open plan lounge and diner, good sized dining area with french patio doors the open to the rear of the property. Views to the rear include the garden and neighbouring farm land.

KITCHEN - 3.6m x 2.76m
Very modern kitchen only installed a few years ago and had little use since then. Built in appliances such as: Double electric oven, 5 ring gas hob and extractor, large fridge, smaller freezer (theres plenty of space in the garage for an overflow freezer), washing machine and dishwasher. Extremely well presented kitchen with tiled walls, soft close doors and garden views.

FIRST FLOOR

MASTER BEDROOM - 3.9m x 3.8m
Spacious double room with built in side tables, and vanity / storage unit. You also have a walk in wardrobe, and a shower ensuite. Views out to the front of the property.

BEDROOM 2 - 3.2m x 4.1m (reducing to 3.3m)
Another double room with lovely views of the rear garden and farmland.

BEDROOM 3 - 2.96m x 2.49m
Lovely room enjoying views of farmland.

BEDROOM 4 - 2.4m x 2.4m
Bedroom 4 is to the front of the property at the top of the stairs, views to the front of the property.

FAMILY SHOWER ROOM 2.1m x 1.8m
Lovely fully tiled shower room with LED backlit vanity mirror, heated towel rail, and walk in shower with backlit inset shelf.

GARAGE - 5.5m x 5.4m
Fantastic sized garage with lighting / power / double doors, and a single access door to the rear. The recently serviced 35kw wBosch combi boiler, a washing machine / tumble dryer and overflow freezer is also located here. Such a great space that could be used as a workshop or extra vehicle storage. The garage also has an attic style storage space with pull down ladder.

EXTERNALLY
Front gardens, rear enclosed garden, wrap around property with large side patio area (sun trap). Double garage, and driveway for up to 6 cars.

COUNCIL TAX
Band E - Rossendale Borough Council.

TENURE
Freehold

PLEASE NOTE
All measurements are approximate to the nearest 0.1m and for guidance only and they should not be relied upon for the fitting of carpets or the placement of furniture. No checks have been made on any fixtures and fittings or services where connected (water, electricity, gas, drainage, heating appliances or any other electrical or mechanical equipment in 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

£ 332700

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

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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
    £ 10000
  • 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

£ 32700
  • 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

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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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