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£595,000 Guide Price
Bedrooms
Bathrooms
This substantial detached property is located on a highly sought after road in the popular village of Illogan. Whilst it is a residence, it has in the past been a childrens nursery and the local surgery. The generous accommodation would lend itself to various possibilities including creating spaces for multi generational living, working from home or just a very large family home. The property is mostly double glazed and has gas central heating. There is parking for numerous vehicles at the front and the rear is a well proportioned enclosed south facing garden with useful store.
The ground floor has 8 reception rooms, hallway, kitchen and 3 toilets, while the first floor currently has 3 bedrooms, a large bathroom with free standing bath, bedroom 4 used as a sitting room and access to a large sun-room/conservatory with balcony. In total the accommodation is just a little under 3000 square feet.
Tenure: FREEHOLD
EPC: D55
Council tax band: E
Broadband: Superfast available (Offcom checker)
CONSUMER PROTECTION from Unfair Trading Regulations 2008.It should not be assumed that the property has all necessary planning,building regulation or other consents. Purchasers must satisfy
themselves by inspection or otherwise and check any covenantsimmediately with their solicitor.
The Agent has not tested any apparatus, equipment, fixtures andfittings or services and so cannot verify that they are in working orderor fit for the purpose. A Buyer is advised to obtain verification from
their Solicitor or Surveyor. Measurements are a guide only. The Agenthas not had sight of the title documents. Items shown in photographsare NOT included unless specifically mentioned within the salesparticulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make anappointment to view before embarking on any journey to see a property.
ANTI-MONEY LAUNDERING REGULATIONS - PurchasersIt is a legal requirement that we receive verified identification from all buyers before a sale can be instructed. We ask for your cooperationon this matter to ensure there is no unnecessary delay in agreeing asale. We will inform you of the process once your offer has been accepted.
PROOF OF FINANCE - PurchasersBefore agreeing a sale, we will require proof of your financial ability topurchase. Again, we ask for your cooperation on this matter to avoidany unnecessary delays in agreeing a sale and we will inform you ofwhat we require prior to agreeing a sale
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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