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£895,000
Bedrooms
This is an exciting opportunity to acquire a spacious detached 6 double bedroomed property in a convenient yet private location just moments from the city centre, that has been a much loved family home for in excess of 30 years. During our clients tenure, the property has been extensively remodelled and thoughtfully extended, and is ideally suited for a large family or those seeking a property for multi generational living.
The property has a number of noteworthy features including a Morso Multi Fuel Stove in the sitting room, wood flooring in several of the rooms with the flooring in the kitchen having been recycled from a Badminton Court! The kitchen/family room is the centre piece of this fabulous property and was refitted in 2023 with an array of fitted/integrated NEFF appliances including: Gas 5 ring hob, extractor canopy, full height fridge, full height freezer, steam oven, conventional oven, combination microwave oven, warming drawer & drinks fridge with granite worktops throughout.
Accommodation:Please see the floorplan and virtual tour but in brief comprising:
Ground Floor: entrance hallway, cloakroom, sitting room, kitchen/family room, 3 bedrooms, storage cupboard, family bathroom.
First Floor:Landing/study, master bedroom (ensuite), 2 further bedrooms, storage cupboards and access to eaves storage.
Outside: Gravelled driveway with ample parking in turn leading to the attached double garaging (with electric roller doors), mature gardens stocked with an array of trees and shrubs, 2 x sheds & log store, raised terrace / seating area and a further patio area accessible directly from the kitchen/family room. To the side of the garden is a gate that leads onto a shared private pathway providing a short cut onto Tregolls Road, immediately next to the Alverton Manor Hotel.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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