4 bedroom detached for sale

£425,000

4

Bedrooms

1

Bathrooms

Floorplan

On the open market for only the second time in its history, this four bedroom detached home has been greatly extended by its current owners to provide fabulous space for all the family.

To the ground floor a handy porch gives way to the entrance hall, with under-stairs storage cupboard and downstairs w.c., and leading to both the main lounge and the living kitchen diner. To the front of the property, the lounge benefits from a multi-fuel burner, and is bright and airy with windows to front and side and glazed double doors to rear which can either be closed to make it snug, or opened to create an open plan space into the living kitchen diner. This space comprises a fitted kitchen with integrated fridge, freezer, oven, hob, extractor, dishwasher and washing machine, as well as handy pan drawers and a pull out larder cupboard. This opens into the extended dining area with further double glazed French doors out into the garden, and also gives access to the family room. This second large reception room was the first extension to the property and is currently fitted with projector and screen for family movie nights, has window to front and door to the garden to rear, and has two built in storage cupboards, one housing the boiler.

Upstairs there are four double bedrooms. The master bedroom is part of the two-storey extension and is very bright with windows front and back. There are also five floor to ceiling wardrobes fitted. The second bedroom was the original master and has windows to rear and side; the third bedroom has built in floor to ceiling storage cupboards/wardrobe; and the fourth bedroom is currently used as an office and is fitted the desk, book shelves, filing cabinet and drawers. The family bathroom completes the first floor, fitted with bath with mains shower over, wash hand basin and w.c. and having beautiful tiled floor and partially tiled walls.

This home sits on a corner plot which provides great outside space to rear, side and front. The rear garden has been landscaped to form a square lawn surrounded by flagstone paving paths and seating areas, with established bushes forming the boundary to one side, and flower bed at the bottom. To the side there is a fully insulated wooden outbuilding, with power and light, currently used as a gym, and separate shed for storage. To the front is a resin-bound driveway providing off road parking for two vehicles, and lawn screened by established bushes and trees.

This home is situated on the Forest side of town, within Holywell Primary School and Woodbrook Vale Secondary School catchment areas, but also within walking distance of Mountfields Primary School, Sacred Heart Primary School and Loughborough University. Walks up to the Outwoods or Burleigh Woods are on your doorstep. while town is just a 30 minute walk away.

To view this special property in person, please contact Clare, Katie, Dominique or Ryan at the Edwards office to arrange your viewing.

Any fixtures, fittings or appliances mentioned in these details have not been tested and can not be assumed to be in full efficient working order. It should not be assumed that items shown in our photographs are included in the sale of the property. Although we have taken every care to ensure the dimensions for the property are true, they should be treated as approximate and for general guidance only. Where an offer is accepted, the prospective purchaser will be required to confirm their identity to us by law. We will need to see a passport or driving licence along with a recent utility bill to confirm residence. These details and floor plans, although believed to be accurate, are for guidance only and prospective purchasers should satisfy themselves by inspection or otherwise to their accuracy. No individual within this estate agency has the authority to make or give any warranty in respect to the property. We believe you may benefit from using the services of Simpson Jones, Taylor Rose Solicitors, Idyll Mortgages, Near and Far and Jex Surveyors, the Provider(s), who are conveyancers, mortgage adviser, removals and surveyor respectively. We recommend sellers and/or potential buyers use the services of the Provider(s). Should you decide to use the services of the Provider(s) you should know that we would expect to receive a referral fee of between 50 and 144 from them for recommending you to them. You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us the corresponding Referral Fee.


EPC Rating: C

Lounge (4.09m x 6.02m)

199' x 135'

Living dining area (3.36m x 7m)

230' x 110'

Kitchen area (2.69m x 3.93m)

1211' x 810'

Family room (3.38m x 6.6m)

218' x 111'

Bedroom One (3.37m x 5.31m)

175' x 111'

Bedroom Two (3.33m x 4.09m)

135' x 1011'

Bedroom Three (2.9m x 3.33m)

1011' x 96'

Bedroom Four (2.54m x 2.79m)

92' x 84'

Parking - Driveway

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

£ 353325

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
    £ 10625
  • 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

£ 34575
  • 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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