4 bedroom detached for sale

£410,000 Guide Price

4

Bedrooms

2

Bathrooms

2

Reception

Floorplan

Corley Estate Agents are pleased to offer this detached family home located in Wigston Meadows, Leicester. The property has accommodation comprising entrance hall, lounge, fitted dining kitchen with integrated oven, hob, fridge, freezer and dishwasher, utility room, cloakroom/WC, first floor landing, four bedrooms, en-suite shower room, and family bathroom. Outside there is a driveway providing off road parking, single garage, and enclosed lawned garden to the rear. The property is well situated for access to popular local schooling and amenities within Wigston. Viewing is highly recommended.Entrance HallWith stairs to first floor, under stairs cupboard, and radiator.Lounge 16 x 1010With double-glazed window to front and radiator.Dining Kitchen 172 x 105With a range of fitted units, integrated oven, hob, extractor, fridge, freezer and dishwasher.Utility Room 56 x 54With plumbing for washing machine and space for tumble dryer.Cloakroom/WCWith low-level WC, wash hand basin, and tiled splashbacks.First FloorWith loft access and cupboardPrincipal Bedroom 133 x 103With double-glazed window to front.En-Suite Shower Room With double-glazed window to front, shower cubicle, low-level WC, wash hand basin, and tiled splashback.Bedroom Two 115 x 99With double-glazed window to rear.Bedroom Three 102 x 95With double-glazed window to rear.Bedroom Four 124 x 90With double-glazed window to front.Family Bathroom With double-glazed window to rear, panelled bath with shower over, low-level WC, wash hand basin, and tiled splashbacks.OutsideTo the front there is a driveway for off road parking. There is a single integral garage housing the central heating boiler. To the rear is an enclosed garden mainly laid to lawn.Tenure : FreeholdEnergy Rating : BCouncil Tax Band : E

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

£ 340950

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
    £ 10250
  • 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

£ 33450
  • 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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