4 bedroom detached for sale

£875,000

4

Bedrooms

3

Bathrooms

Floorplan

Summary

Situated on a sought-after private Cul-de-Sac, this beautifully presented four-bedroom detached residence stands in grounds of 0.39 acre. The property offers three ground floor reception rooms, a spacious well-appointed kitchen/dining room, and a South West facing orangery-style conservatory. The well-planned accommodation benefits from full gas-fired central heating, PVCu double-glazed windows and external doors, and is tastefully decorated throughout. Externally, the large landscaped South West facing rear garden enjoys total privacy, and there is a detached double garage.

Situation

Conveniently located in a cul-de-sac serving just five properties, within the confines of Ashley Heath, which is situated on the outskirts of the market town of Ringwood, which offers comprehensive amenities, including an array of independent and national retailers, including Waitrose, Sainsbury and Lidl. The area offers ease of access to commuter routes which include the A31 (via the M27/M3) to Southampton, Winchester and London and the A338 to Bournemouth and Poole & the Cathedral City Of Salisbury. Ashley Heath High Street, reputedly the shortest high street in England, and a convenience store on Horton Road are both within strolling distance. Recreational amenity nearby includes, Moors Valley Country Park and Ringwood Forest, the former also offering an eighteen hole golf course, miniature railway line and many woodland walks, which include The Castleman Trailway - a beautiful and scenic heathland walk and cycle route. Adjoining Ashley Heath to the southern side one is the parish of St Leonards and St Ives along with Avon Heath Country Park, Dorsets largest country park.

Proximity

Ringwood - 2.9 Miles

New Forest - 5 Miles

Bournemouth - 9 Miles

Southampton - 23.7 Miles


EPC Rating: C

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

£ 724575

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 21875
  • 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

£ 68325
  • 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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