Pinewood Road, Matlock, Derbyshire, DE4

1 /12
Available / For Sale

3 bedroom semi-detached bungalow for sale

£285,000

3

Bedrooms

1

Bathrooms

Floorplan

Standing to a favoured cul-de-sac as part of the ever popular Cavendish Park development, this traditional 1960s semi-detached bungalow offers well proportioned three bedroom accommodation, well suited to retirees, busy professionals or small families, all of whom may appreciate the versatility and convenience of single storey living.

The property has clearly been well maintained through recent years both inside and out. There is the benefit of modern UPVC double glazing to the principal windows, gas fired combination boiler for central heating whilst externally the gardens and grounds have been delightfully landscaped to pleasing effect and with ease of maintenance in mind.

Located around 1 mile from the towns central shops and amenities, the property is readily accessible to local walking with paths leading through neighbouring woodland and up to the forestry ground of Matlock Moor. It is equally handy for Cavendish Park recreation field. Good road links lead to the wider delights of the Derbyshire Dale and Peak District countryside and to the nearby market towns of Bakewell (8 miles), Chesterfield (10 miles), Alfreton (8 miles).

ACCOMMODATION
The main access is off the drive at the side of the property, sheltered beneath a porch canopy, a uPVC door opens to an...

Entrance porch - with space for boots and coats and door leading to the entrance hall.

Kitchen - 3.38 x3.2m (11 1' x 10 6') fitted with a range of cupboards drawers and worksurfaces, stainless steel sink unit, electric hob, undercounter oven and steel extractor hood above. There is also plumbing for an automatic washing machine and concealed to a wall cupboard is the gas-fired combination boiler.

Sitting and dining room - 5.44m x 3.64m (17 10' x 11 11') a good sized living room with ample space for a dining area and enjoying good light through the broad uPVC bay window which looks across the front garden. There is a range of wooden display shelving and as a focal point, a modern marble fireplace with a living flame electric fire.

Bedroom 1 - 3.64m x 3.30m (11 11' x 10 10') a good sized double bedroom with a pleasant outlook across the rear garden.

Bedroom 2 - 3.12m x 2.85m (10 3' x 9 4') a second double bedroom, again looking towards the landscaped garden at the rear.

Bedroom 3 - 2.31m x 2.10m (7 7' x 6 11') offering opportunity as a third bedroom, study or hobby room.

Bathroom - tastefully finished with full height wall tiling and fitted with a white suite to include panelled bath with an electric shower above, wash hand basin and WC.

OUTSIDE AND PARKING
The principally level plot has been landscaped with pleasing effect and ease of maintenance in mind. The larger gardens are at the rear, bordered on two sides by beech hedging and planted with a number of attractive specimen shrubs and trees, all low growing and maintained. Paved pathways and sitting areas are complimented by pebble display areas.

From the roadside a broad block paved drive provides side by side parking and continues to the side of the bungalow offering further hardstanding if required. The front garden is similarly planted and sets the property well back from the roadside.

TENURE - Freehold

SERVICES - All mains services are available to the property, which enjoys the benefit of gas fired central heating and uPVC double glazing. No specific test has been made on the services or their distribution.

EPC RATING - Current 63D / Potential 80C

COUNCIL TAX - Band C

FIXTURES & FITTINGS - Only the fixtures and fittings mentioned in these sales particulars are included in the sale. Certain other items may be taken at valuation if required. No specific test has been made on any appliance either included or available by negotiation.

DIRECTIONS - From Matlock Crown Square take bank Road rising up the hill, beyond County Hall into Rutland Street and continue climbing on to Wellington Street. At the brow of the hill turn sharp right onto Cavendish Road. Proceed for around half a mile to the end, follow the road around to the right and after the road turns again, turn left onto Pinewood Road. No 4 is the second property on the right.

WHAT3WORDS - wimp.compost.recitals

VIEWING - Strictly by prior arrangement with the Matlock office .

Ref: FTM10846

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

£ 237825

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
    £ 7125
  • 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

£ 24075
  • 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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