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£675,000
Bedrooms
Bathrooms
Adaptable and unique, this 5-bedroom detached house is ideally situated on the corner of Woodlands Road and Hough Green. Boasting a pleasant south facing walled garden to the side, the property offers over 3000 square feet of accommodation across two floors. Currently configured as a generous three double bedroom detached bungalow on the ground floor and a two-bedroom first-floor studio apartment, the ground level encompasses an expansive living room leading to an Orangery that overlooks the southerly facing side garden. Additionally, there is a separate 23ft drawing room, an open-plan dining kitchen flooded with natural light from a ceiling lantern with extensive built in work units complemented with granite work surfaces, and a spacious utility to the rear. Two en-suite shower rooms to bedroom one and two, and a third bedroom along with a main family bathroom, complete the ground floor, which features a large entrance porch providing private access to the first floor. The stained glass windows lead to the first-floor 'Dragons Den,' currently generating a significant income through holiday lets. Offering flexibility, this first-floor apartment could serve as an investment opportunity or as accommodation for older children or parents, with its substantial living space, two bedrooms, kitchenette, dining area, and bathroom. The property also includes off-road parking, a single garage. The solar panels as well as generating electricity for own use provide an income from the Feed In Tariff. This income in recent years has been sufficient to cover two thirds of the total cost of gas and electricity.
Outside, the property features a south facing side garden with a decked patio that provides a peaceful and private outdoor space. Further enhancing the propertys appeal is a single garage and off-road parking, ensuring convenient and secure parking options for residents and guests alike.
Woodlands Road is an ideal location, moments from a regular bus service to the City, close to a great range of shops, walking distance to Chester via the Grosvenor Bridge with superb walks over the Racecourse, ideal with those with pets or children with Westminster Park being a short walk away.
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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