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£890,950 Guide Price
Bedrooms
Bathrooms
The Royston is a fantastic, particularly light and spacious, high specification 5 bedroom detached executive home set within The Hawthorns by Beech Grove Homes, a thoughtfully designed and very well laid out Beech Grove Homes new build development of excellent two, three and five bedroom homes in the ever popular South Cambridgeshire village of Bassingbourn within a 10 minute drive into Royston and 30 minute drive into central Cambridge. The Royston is the largest of the units on this small development and offers 3 spacious reception rooms off of the impressive entrance hall with central staircase on the ground floor, alongside a downstairs cloakroom, utility and fully fitted kitchen complete with quartz worktops, a central island and bi-folding doors onto the generous rear garden with views over open farmland. On the first floor are 5 true double bedrooms (2 en-suite) and a family bathroom. With underfloor heating via air source heat pump throughout the ground floor, radiators to the first and bathrooms fitted with Vitra Suites and shower-ware by Vado, this fine family home really must be viewed in person to appreciate the quality of finish, space, specification and wonderful setting on offer.
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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