2 bedroom terraced for sale

£315,000 Guide Price

2

Bedrooms

2

Bathrooms

Floorplan

Beautifully converted by David Wilson Homes in the late 1990s, this two-bedroom home was originally part of the Saxondale Hospital and has retained beautiful architectural features including high ceilings and large sash windows throughout. Recently redecorated and with new boiler fitted in the last couple of years, this property presents the excellent opportunity for purchasers to enjoy the amenities of Upper Saxondale whilst putting their own personality into this lovely home.

Ground Floor - Approached by a block paved pedestrian path through a Portico entrance, the front door opens into a welcoming hallway with doors to the kitchen, living room and downstairs WC.

The kitchen located to the front of the property is fitted with a range of base and wall units, Zanussi gas hob and electric double oven, fitted Fridge freezer, dishwasher and one and a half bowl sink with draining board completed and tiled splashbacks. It benefits from views onto the front garden and private space to the rear of the garage, shielded from view of the main road with mature trees and shrubs.

Located in the centre of the property is the downstairs cloakroom fitted with a wash hand basin and WC.

To the rear of the property is a large living room with a beautifully carved, painted, wooden feature fireplace and French patio doors leading on to the rear patio. An understairs cupboard provides useful storage.

This living room provides access to the conservatory benefitting from further doors onto the rear garden and flooding the rear of the house with beautiful natural light.

First Floor - Stairs rise to the first-floor landing, providing access to the two bedrooms and main bathroom. On the landing there is a large storage cupboard and airing cupboard.

The principal bedroom suite, spanning the entire width of the property is located to the rear, with views over the idyllic park land. The ensuite shower room consists of a fully tiled shower, wash hand basin and WC.

The second bedroom and half tiled bathroom are located to the front of the property, with the bathroom including a bathtub, wash hand basin and WC.

Gardens - The shared drive leads to the single garage, with parking space, set back from the road.

A pedestrian path leads through the front garden, predominantly laid to lawn to the Portico entrance with useful space for bin storage. To the rear of the garage is a private space, shielded from the road with mature shrubs and trees that would make a beautiful sitting or entertaining area.

The rear garden is also predominantly laid to lawn with a patio area, and mature planting. At the bottom of the garden is a private gate directly on to the Upper Saxondale parkland, ideal for local walks.

Local Amenities - Upper Saxondale is surrounded by parkland and quiet country walks, whilst boasting three tennis courts, a tennis clubhouse and bowling area.

Further facilities can be found in the village of Radcliffe-on-Trent and the market town of Bingham, including a comprehensive range of amenities including schools at all grades, a wide range of local shops, various public houses, churches, health centres and regular bus and train services that provide access to Nottingham city centre and Grantham. It is also ideally located for road links such as the M1 north via the A52 or Newark, Leicester and the M1 south via the A46 Fosse Way.

Services - Mains water, drainage, gas and electricity are understood to be connected. The property has a gas boiler. None of the services or appliances have been tested by the agent.

Fixtures & Fittings - Every effort has been made to omit any fixtures belonging to the Vendor in the description of the property and the property is sold subject to the Vendors right to the removal of, or payment for, as the case may be, any such fittings, etc. whether mentioned in these particulars or not.

Finer Details - Tenure: Freehold
Possession: Vacant possession upon completion.
EPC rating: 61 | D
EPC potential: 83 | B
Local Authority: Rushcliffe Borough Council
Council Tax Band: D

Plans - The site and floor plans forming part of these sale particulars are for identification purposes only. All relevant details should be legally checked as appropriate.

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

£ 262575

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 7875
  • 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

£ 26325
  • 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

Adjust these figures

  %

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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