6 bedroom detached for sale

£800,000 Guide Price

6

Bedrooms

4

Bathrooms

Floorplan

Unveiling this incredible opportunity in Talbot Woods, is a spacious detached property with the potential for development and a range of amazing features that make it an attractive investment. Currently arranged as two large flats and approaching 3500 sq ft of accommodation, offering immense space and versatility for numerous possibilities.
Step inside this stunning house and envision the potential to create a large family home that meets all your requirements. The layout of the property allows for flexible arrangements, providing an opportunity to shape the space to your exact specifications.
In addition to the plentiful living space, the property also holds potential for home and income purposes. Whether you choose to rent out the other flat on a permanent or short term basis, there are various options to explore for generating a supplementary income. The propertys development potential ensures versatility, making it an appealing choice for investors and those looking for a lucrative opportunity. Or have have ageing relatives living in the other property for comfort and peace of mind. In addition, we feel the property could be further sub divided to create multiple apartments within the building, subject to getting the necessary consents.
One of the standout features of this house is the two large garages, providing ample space for secure parking and additional storage. The large plot size is another advantage, allowing for options to add an extension, a conservatory, or even a swimming pool, subject to the necessary planning permissions. The propertys in and out driveway is a convenient feature that offers ease of access and ample parking space for residents and visitors alike.
Nestled in a sought-after area, this house is located in Talbot Woods, Bournemouth, a vibrant coastal town known for its stunning beaches, lively entertainment, and picturesque scenery. The location offers a perfect blend of tranquility and convenience, with easy access to local amenities, schools, leisure facilities, and transport links, ensuring that you have everything you need within reach.
Moreover, this property is offered with no chain, making the process of acquiring your dream home or investment opportunity less complicated and more efficient.
Dont miss out on this exceptional chance to secure a spacious freehold property with endless potential in the desirable location of Talbot Woods. Whether youre looking to create your dream family home, generate an additional income, or make a lucrative investment, this property has it all. Contact us today to arrange a viewing and start planning your future in this incredible space.

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

£ 662700

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
    £ 20000
  • 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

£ 62700
  • 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

Adjust these figures

  %
  %
£
  %

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

Adjust these figures

  %

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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