6 bedroom detached for sale

£499,950

6

Bedrooms

4

Bathrooms

Floorplan

Welcome to Cinnamon House. An immaculately presented six bedroom detached family home spread across three floors on the outskirts of Brigg with field outlooks to the front and private parking with a double garage to the rear. This home is perfect for a growing family with plenty of space on offer, close to motorway links and the lovely market town of Brigg.

The ground floor consists of a spacious entrance hall, front to back lounge, separate sitting room and an impressive open plan kitchen dining room with a vaulted ceiling in the dining end with access on to the rear garden. There is also a W.C and separate utility. To the first floor you have a wide landing, four double bedrooms, two with en suites and a further four piece family bathroom. On the second floor there are a further two bedrooms one with an en suite.

Outside there is a private rear garden with a patio area and turfed garden with a double garage and off road parking on the block paved driveway to the rear. Available for viewings now please call the office to book your appointment.

Entrance Hall -

Lounge - 8.54 x 4.08 (280' x 134') -

Kitchen Diner - 8.70 x 4.11 (286' x 135') -

Utility Room - 2.07 x 2.07 (69' x 69') -

Sitting Room - 4.11 x 4.06 (135' x 133') -

W.C. -

First Floor Landing -

Bedroom One - 4.38 x 4.11 (144' x 135') -

En-Suite - 3.48 x 1.97 (115' x 65') -

Bedroom Two - 4.08 x 3.38 (134' x 111') -

En-Suite - 2.99 x 1.33 (99' x 44') -

Bedroom Three - 4.08 x 3.48 (134' x 115') -

Bedroom Four - 4.34 x 3.48 (142' x 115') -

Family Bathroom - 3.48 x 2.48 (115' x 81') -

Second Floor Landing -

Bedroom Five - 4.00 x 3.80 (131' x 125') -

En-Suite - 3.25 x 1.77 (107' x 59') -

Bedroom Six - 4.00 x 2.85 (131' x 94') -

Outside -

Map location is not available for this property.

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

£ 415158.75

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 12498.75
  • 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

£ 40196.25
  • 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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