4 bedroom detached for sale

£800,000 Guide Price

4

Bedrooms

4

Bathrooms

HOUSE & SON: A fantastic Investment opportunity, to acquire this detached residence, which is currently arranged as four, one bedroom flats.

The property sits in a large triangular shaped plot and there is the possibility of future redevelopment potential on the site. (subject to the approvals of relevant authorities)

This attractive building, is double fronted, with large feature curved bay windows. It is accessed via the impressive central entrance hallway; Flats 1 and 2 are then accessible from the ground floor and Flats 3 and 4 to the first floor, via the split level first floor landing.

Each of the one bedroom flats comprise of an entrance hallway, open plan lounge kitchen with large curved bay window and a fitted kitchen area; each double bedroom features fitted wardrobe cupboards and an ensuite style bathroom. Each flat has its own gas boiler serving the central heating and hot water system and own electric consumer unit.

Outside there are front and rear gardens, and to the side an area of tarmacadam providing off road parking spaces, with a detached outbuilding providing each flat with its own useful bike storage shed/cupboard.

The flats have undergone recent redecoration, with some light refurbishment and the property is now being offered with immediate vacant possession.








ENTRANCE HALL 15 3' x 10 0' (4.65m x 3.05m)

FLAT 1

ENTRANCE HALL 6 4' x 3 9' (1.93m x 1.14m)

LOUNGE/KITCHEN 11 5' x 12 0' (3.48m x 3.66m) + 9 4' x 5 8' (2.84m x 1.73m)

BEDROOM 11 8' to 9 0' exc cub x 9 8' (3.56m to 2.74m x 2.95m)

BATHROOM 6 4' x 5 10' (1.93m x 1.78m)

FLAT 2

ENTRANCE HALL 5 2' x 3 0' (1.57m x 0.91m)

LOUNGE/KITCHEN 15 7' into bay x 11 10' (4.75m x 3.61m)

BEDROOM 11 6' x 10 5' to 8 1' (3.51m x 3.18m to 2.46m)

BATHROOM 7 0' x 6 3' (2.13m x 1.91m)

FIRST FLOOR LANDING

FLAT 3

ENTRANCE HALL 5 10' x 3 10' (1.78m x 1.17m)

LOUNGE/KITCHEN 12 0' into bay x 12 0' + 10 0' x 6 6' (3.66m x 3.66m) + (3.05m x 1.98m)

BEDROOM 11 7' to 9 1' x 9 5' (3.53m to 2.77m x 2.87m)

BATHROOM 6 6' x 6 0' (1.98m x 1.83m)

FLAT 4

ENTRANCE HALL 5 1' x 3 0' (1.55m x 0.91m)

LOUNGE/KITCHEN 16 3' into bay x 12 0' (4.95m x 3.66m)

BEDROOM 11 8' x 10 3' max into wardrobe recess (3.56m x 3.12m)

BATHROOM 7 5' x 6 6' (2.26m x 1.98m)

OUTSIDE - GARDENS, PARKING & BIKE STORE/SHEDS

TENURE AND CHARGES Flats 1 - 4 Council Tax Band A

EPC Rating:
Flat 1 - D
Flat 2 - C
Flat 3 - D
Flat 4 - C

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 662700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 20000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 62700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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