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£1,080,000 Guide Price
Bedrooms
Bathrooms
7b Manor Park is a remarkable, 5 bedroom detached home with detached double garage, offering superb accommodation to include a sitting room, tremendous open-plan kitchen-diner-family room, study and utility to the ground floor and 5 double bedrooms, two with ensuite to the first floor and a delightful family bathroom, fully tiled.
To the side of the house is a generous driveway, leading to an extra-large double garage, with electric up and over doors, ready for EV charging.
Bifold doors from both the kitchen/diner and sitting room, lead out to a generous raised patio with lawn beyond, offering stunning views across an orchard beyond.
Located in a peaceful location, yet close to the centre of the sought after village of Keinton Mandeville are these two stunning, new homes by H&S Developments. Each finished to an exceptional standard to included quality tiled bathrooms, superb kitchens with quartz worktops and Neff appliances and hard-wearing flooring to high-traffic areas.
The sought after village of Keinton Mandeville has a general store, hairdresser, pub, primary school, Parish and Methodist Churches. Castle Cary is approximately six miles and provides access to a mainline Railway Station (London Paddington Line) or Templecombe to Waterloo. Bath and Bristol are approximately one hour by road. Renowned Millfield School is located in Street, some 15 minutes drive away, as is Clarks Village Factory Outlet.
H&S Developments have been building quality homes in the area for 40 years, including the original phase of Manor Park, some 30 years ago. Recent developments in Somerton and the nearby area have been well received, with quality homes built and sold for occupation.
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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