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£497,500
Bedrooms
Bathrooms
This property occupies an excellent position at the far end of a small cul-de-sac, benefitting from a delightful south facing garden against a backdrop of established trees, creating a good level of privacy and seclusion. The present owners purchased the property in 2010 and have since carried out a number of significant improvements, most notably the re-fitting of the kitchen and bathroom within the last 5 years. Arranged over two floors the accommodation, in brief, comprises:- entrance hall, sitting room, kitchen/breakfast room, dining room, family room, utility room, 4 bedrooms and 2 bath/shower rooms (1 en suite) There is off road parking, single garage and a good sized rear garden. Heating is gas fired to radiators and the windows are Upvc sealed unit double glazed. The Council Tax rating is currently Band D and the EPC rating is currently Band D.
Ely is a charming cathedral city with a good range of day-to-day facilities, schools catering for all age ranges, excellent sports and leisure opportunities and a mainline railway station with regular services to Cambridge and London, which is just over an hours journey. The property is ideally situated for access to the city centre, an 18 hole golf course and the highly regarded independent school, Kings Ely.
Entrance Porch: - Door to:-
Living Room: - Feature wall mounted real flame effect electric fire, stairs to first floor and door to:-
Kitchen/Breakfast Room: - Recently re-fitted with a range of drawers, base and wall cabinets, sink unit, integrated appliances comprising double oven, ceramic hob with extractor fan above and dishwasher. Space for American style fridge/freezer, wall mounted gas boiler and door to covered side passageway providing access to the garage and utility room, archway to:-
Dining Room: - French doors to garden and door to:-
Family Room: -
First Floor: -
Landing: - Loft hatch to roof space.
Bedroom 1: - Fitted wardrobes and door to:-
En Suite: - Low level WC, vanity wash basin with cupboards under, panelled bath and heated towel rail.
Bedroom 2: - Built in cupboard.
Bedroom 3: -
Bedroom 4: - Built in cupboard.
Bathroom: - Low level WC, vanity wash basin with cupboards under, panelled bath and heated towel rail.
Outside: - There is an open plan area of lawn, bordered by flower and shrub beds to front, together with off road parking facilities and access to a Single Garage with up and over door to front, power, light and door to an adjoining Utility Room with range of base and wall cabinets, sink unit and position for washing machine and tumble dryer. A covered side passageway between the house and the garage provides access from the front garden to the utility room, kitchen and rear garden. The rear garden is fully enclosed and enjoys a southerly aspect. It contains an area of lawn, flower and shrub beds, paved terrace and garden shed.
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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