4 bedroom detached for sale

£325,000 Offers over

4

Bedrooms

3

Bathrooms

2

Reception

Floorplan

Jan Mitchell Properties are thrilled to present this exquisite 'Haddenham' style four-bedroom, two en-suite, detached family home built by Taylor Wimpey in 2021, situated on an enviable plot overlooking a central green within the highly coveted development Chester Meadows, Pelton Fell, offered with no onward chain.

This stunning property is impeccably finished throughout, and a real credit to the current vendors, offering bright and spacious rooms making it an ideal purchase for buyers seeking a 'move-in ready' residence with ample space for a larger family. The property features a welcoming entrance hallway with stairs to the first floor along with a cloakroom and ground floor WC. An attractive lounge follows with a bay window to the front elevation and feature media wall. To the rear of the property, there is the substantial kitchen/dining/family room, complete with fitted wall and base units, integrated appliances, log burner and French doors opening out onto the rear garden making it a perfect space for entertaining, with the utility room finishing off the ground floor.

The first floor landing accommodates four double bedrooms and a three piece family bathroom, with two of the bedrooms boasting en-suite facilities and built-in wardrobes.

Externally, there is a double driveway to the front with EV charger leading to the integral garage and then to the rear a private Westerly facing rear garden with paved and lawned sections.

Location
The estate in Pelton Fell offers a range of nearby amenities. Within close proximity, you'll find schools, shops, and a doctor's surgery, ensuring that all essential services are conveniently accessible. The A1(M) is just a 5-minute drive away, providing excellent connectivity to various parts of the North-east. Additionally, the estate boasts a nature reserve nearby, offering a serene setting ideal for walks and outdoor activities. This combination of convenience and natural beauty makes it an excellent choice for those seeking a balanced lifestyle.

Measurements
Living Room - 3.43m x 5.95m into bay
Kitchen/Dining/Living Room - 8.13m x 3.27m
Utility Room - 1.79m x 2.35m
W/C - 1.67m x 0.89m
Bedroom One - 4.68m x 3.51m
En-suite - 3.51m x 2.02m
Bedroom Two - 3.77m x 3.53m
En-Suite - 1.38m x 2.25m
Bedroom Three - 3.26m x 3.28m
Bedroom Four - 3.26m x 2.80m
Bathroom - 3.26m x 1.93m



IMPORTANT NOTE TO PURCHASERS
We endeavour to make our property details accurate, however, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency. All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval. If you require clarification of further information on any points please contact us direct.

MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain. Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.

Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing. Prospective purchasers must make further enquiries with their legal adviser

Council Tax Band: D (Durham County Council)
Tenure: Freehold
Parking options: Driveway, EV Charging, Garage
Garden details: Rear Garden



Features
  • Freehold

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

£ 270825

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 8125
  • 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

£ 27075
  • 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

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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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