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£675,000
Bedrooms
Bathrooms
74 lache lane: Situated on one of Chesters most prestigious and highly regarded addresses, this substantial five-bedroom detached family home offers outstanding potential. Located close to excellent schools including Belgrave Primary School, The Kings School, The Catholic High, and Queens Park High, the property combines an enviable location with extensive accommodation and scope to complete the finishing touches to your own taste.
Set on the corner of Cranford Court and Lache Lane, the home is approached via a private tarmac driveway with laurel hedging providing privacy. The driveway leads to a double carport and garage, above which sits a unique first-floor balcony overlooking the large, enclosed rear garden.
The spacious ground floor includes a welcoming entrance hall, a sizeable study/playroom, a cloakroom, and a large living room with a feature cast-iron log burning stove. The true heart of the home is the expansive open-plan dining kitchen, stretching over 33ft in width. With bi-fold doors, a central island with breakfast bar, Bosch appliances, clever storage, and a walk-in pantry, this is a superb space for both family life and entertaining. A utility/boot room offers further access and practicality.
Upstairs are five generously sized double bedrooms, two with en-suite shower rooms, plus a luxurious family bathroom featuring a slipper-style freestanding bath, walk-in shower, and twin sinks. The master suite also benefits from a stylish en-suite and direct access to the impressive balcony perfect for relaxing while overlooking the garden.
Externally, the property enjoys a large rear garden with scope to extend further into the side plot, creating even more space or parking. With most of the major works already complete, the home now requires only cosmetic finishing touches, presenting buyers with the rare opportunity to put their own stamp on a landmark property in a prime Chester location.
Map location is not available for this property.
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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