3 bedroom semi-detached for sale

£269,950

3

Bedrooms

1

Bathrooms

Floorplan

DC Lane are delighted to present this charming semi detached family home in popular Beacon Park positioned with easy access to the A38, City Centre and within the catchment area of excellent schooling.

With natural light flooding the property throughout the welcoming hallway leads into the two reception rooms featuring stripped floors that add a touch of character and warmth to the interior. There is a wood burner, built in cabinets, bay window and contemporary gas fire, these rooms offer ideal space for entertainment and relaxation. The delightful kitchen with solid wood worktops and a Shelia maid for hanging pots and pans opens directly out to the garden. Stars rise to the first floor with three bedrooms, the master with fitted wardrobes, a further double bedroom and single bedroom with clever storage solutions are serviced by a well appointed bathroom. The loft is boarded and there is a pull down ladder for access.

The rear garden features a bespoke insulated garden room, complete with its own pot belly log burner, creating a cosy retreat for all seasons. This unique space has been sectioned providing two separate areas and seamlessly connects the indoors with the outdoors, allowing for a tranquil escape amidst the hustle and bustle of daily life. The delightful garden with paved area and lawned is thoughtfully stocked with a variety of plants including passion flower, clematis, vintage pink rose and a bank of euphorbia providing a vibrant and serene environment for family gatherings or quiet moments of reflection. A side gate provides access to the front where there is off road parking.

With its charming features and inviting atmosphere, this property is sure to appeal to those looking for a blend of comfort and style in a sought-after location and a viewing is most definitely recommended.

Ground Floor -

Lounge - 3.11 x 3.28 (102' x 109') -

Dining Room - 4.88 x 3.31 (160' x 1010') -

Kitchen - 2.36 x 2.35 (78' x 78') -

First Floor -

Bedroom One - 2.85 x 3.28 (94' x 109') -

Bedroom Two - 2.85 x 3.31 (94' x 1010') -

Bedroom Three - 1.87 x 2.06 (61' x 69') -

Bathroom - 1.87 x 1.84 (61' x 60') -

External -

Garden Room 1 - 1.89 x 2.95 (62' x 98') -

Garden Room 2 - 1.89 x 2.32 (62' x 77') -



Features
  • Freehold

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

£ 225408.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 6748.75
  • 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

£ 22946.25
  • 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

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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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