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£875,000
Bedrooms
Bathrooms
Situated at the end of a peaceful country lane and surrounded by picturesque orchards, this five bedroom detached family home is offered to the market with no onward chain. Offering 2500sqft of accommodation the property is extremely spacious and sits on a plot approaching two acres comprised of gardens, parking areas and a parcel of woodland. Having been significantly extended by the current owner, it is believed that the original property is the combination of two smaller Victorian farm cottages. The property is extremely attractive and the accommodation consists of a large triple aspect living room, a sitting room with open fire, a kitchen/dining room, utility room and shower room on the ground floor. The first floor offers four bedrooms, an ensuite bathroom, family bathroom and stairs ascending to a study/fifth bedroom. Externally, the property has parking for several vehicles on a gravel driveway in addition to a carport and various timber outbuildings. Adjacent to the house are beautifully established and secluded gardens with a wide variety of plants, trees and shrubs. A strip of land to the side of the house provides access to the elevated area of woodland which measures approximately 1.3 acres.
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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