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£635,000
Bedrooms
Bathrooms
Presenting this exquisite detached residence, featuring expansive and bright interiors, charming landscaped gardens, and a garage.
Upon entering, a welcoming hallway leads to the spacious living areas, comprising a cozy living room with a striking fireplace, and an open-plan kitchen and family/dining room. The kitchen boasts a full complement of stylish units and integrated appliances, complemented by French doors opening onto the rear garden. Additional conveniences on the ground floor include a utility room and a cloakroom with WC and handbasin.
Upstairs, four generous double bedrooms await, with the principal bedroom benefiting from a dressing area and a luxurious en-suite shower room. A contemporary family bathroom serves the remaining bedrooms.
Outside, the rear garden offers a mix of decking and lawn, perfect for outdoor dining and relaxation. Noteworthy features include a timber hot tub surround and a charming Harry Potter playhouse, ideal for family enjoyment. The property also includes a single garage with lighting, power, loft storage, and ample off-street parking.
Location: Situated in the sought-after Caddington Woods development, Magpie Meadows enjoys proximity to local shopping amenities, excellent schooling options, and convenient transport links. Harpenden, offering comprehensive amenities and a fast rail service, is approximately 7 miles away. Luton Parkway station and London Luton Airport are easily accessible, as is the M1 motorway.
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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