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£780,000
Bedrooms
Bathrooms
An outstanding contemporary detached home, built in 2010 to a high specification and situated on a private road in one of the most sought-after locations within St Margarets. Entered via an impressive double-height hallway, with a floor to ceiling feature window, the accommodation is thoughtfully arranged to maximise the light and views from the living space on the first floor with bedrooms and bathrooms positioned on the ground floor. All of the bedrooms are good-size doubles, the largest two being at the rear of the property with doors opening onto the garden. The master bedroom benefits from fitted wardrobes and an attractive ensuite shower room, whereas the family bathroom has space for a bath and separate shower cubicle. The living space is fantastically light and spacious with a relaxed seating area to the front leading through to a dining area at the rear both with sliding doors opening onto two balconies with spectacular views towards the sea. A cloakroom WC has been cleverly added providing some separation between the two areas and the dining space opens into the well-appointed kitchen with granite work surfaces, an extensive range of units and integrated appliances. There is underfloor heating throughout the property and Art Deco style double glazing creates a tasteful contrast with the modern architecture, enhancing the aspect of the house from both the road and garden. To the front is a driveway with parking for three cars whereas the rear garden is landscaped with an area of lawn, a Koi pond with a floating stepping stone path leading to a raised patio seating area with contemporary slatted fencing.
Council Tax band F
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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