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£495,000
Bedrooms
Bathrooms
A rare opportunity to purchase a beautifully presented two double bedroom mews conversion situated in a prestigious gated development in the heart of Pishiobury Park. The mews forms part of a 19th Century stable conversion and is situated on the outskirts of Sawbridgeworth town centre accessed by a private drive.
Two mainine stations are accessible; Sawbridgeworth and Harlow Mill which give direct access to Liverpool Street Station in the City or Cambridge if you you are heading out of town. The town of Bishops Stortford is also easily accessible and there are also excellent transport links nearby including M11 together with excellent local shops and schools.
The property is particularly spacious as it was formerly a three bedroom property but has been modified to provide a generous ensuite shower/wc to the master bedroom.
To the ground floor you will find a very bright and spacious entrance hall with turning staircase to the first floor, two generous reception rooms with views to the rear and a front facing fully equipped contemporary kitchen. To the first floor there are two double bedrooms leading from a wide landing, ensuite shower/wc to the master bedroom and a further family bathroom/wc.
The development is gated and offers a personal car park space in the Mews. There is also the benefit of a nearby residents and visitor car park. The communal grounds are maintained beautifully and there are plentiful country walks and footpaths nearby through the neighbouring National Trust area.
Please note that there is a current communal charge of 900 pa for the upkeep of shared facilities i.e. entrance gates, communal gardens etc.
EPC AND FLOORPLAN AWAITED
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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