4 bedroom detached for sale

£725,000 Offers in excess of

4

Bedrooms

3

Bathrooms

Floorplan

''COMPLETE ONWARD CHAIN'' A recently constructed and very spacious four bedroom detached family home, offered to the market in above show home condition, with a good size rear garden and detached double garage. The accommodation comprises of welcoming and spacious entrance hall, good size sitting room (18`3`` x 14`), lovely and bright open plan kitchen / dining / family area to the rear with Amtico flooring throughout. The kitchen features Quartz worktops and built in AEG oven, hob and dishwasher. There is a separate utility room with AEG washing machine. Ideally for home workers there is a nice size study. The first floor enjoys master bedroom with a range of fitted wardrobes and en-suite shower room, guest bedroom with further en-suite, third and fourth double bedrooms and well appointed family bathroom. Outside there is a generous rear garden, with a good sized patio area, lawn and planted beds. To the front there is a driveway for comfortably two vehicles and a detached double garage with power, light, Electric Car charging point and electric garage doors. The property, which is situated on a very quiet and peaceful no-through private road, also benefits from local amenities such as the local park as well as a number of pleasant local walks.

Flood risk (according to Gov.uk website) : Surface water: Very low risk. Rivers and sea: Very low risk. Groundwater flooding unlikely in this area. Reservoirs: Flooding from reservoirs is unlikely in this area. Broadband: Ultrafast 1800 Mbps download and 220 Mbps upload available. See Ofcom checker for more details. Mobile phone: O2, EE and Vodafone indoor coverage. O2, EE and Vodafone outdoor coverage.


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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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

£ 600825

Mortgage Loan to Value

%

Gross Yield

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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
    £ 18125
  • 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

£ 57075
  • 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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