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£530,000 Guide Price
Bedrooms
Bathrooms
NO CHAIN A charming detached 4 bedroom house in a desirable town location. This property boasts parking for several cars, double garage, and a well looked after good sized garden.
Nestled in a sought-after residential area of town, this charming detached 4 bedroom house offers a spacious layout which features a modern kitchen with a good range of wall and floor units, integrated appliances to include a fridge/freezer, dishwasher and oven and door to outside. A separate dining room, lounge with open fire place and door to conservatory. There is a spacious hallway, under stairs storage and downstairs wc.
A large open landing with doors to an airing cupboard, storage cupboard, access to the loft, radiator and doors off to four double bedrooms. The master bedroom comes with a modern ensuite and extensive eves storage within the fitted wardrobe. All bedrooms come with fitted wardrobes. The family bathroom is a modern suite, with bath with shower over, wash hand basin with units and wc. There is also extensive eaves storage.
This property is situated towards the edge of the historic market town of Honiton. Accessible to all facilities in the town, including a variety of shops, restaurants, public houses, Tesco, Lidl, Aldi and Marks & Spencers food stores, sports centre with swimming pool and the main Exeter to Waterloo train line. Easily accessible to the World Heritage Jurassic Coastline. The A30 dual carriageway which by passes Honiton, provides good access to the Cathedral City of Exeter and the M5 motorway.
To the front is a new resin driveway with ample parking for several cars which leads to a double garage with electric roller door with light, power, plumbing for washing machine and door to rear garden.
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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