4 bedroom detached for sale

£800,000

4

Bedrooms

2

Bathrooms

2

Reception

Floorplan

Jan Mitchell Properties is thrilled to present this rare opportunity to acquire a stunning four bedroom, detached family home that is immaculately presented throughout and is a real credit to the current owners. Set on one of the few remaining, large undeveloped plots, in one of Whickham's most prestigious streets, it really must be seen to appreciate the size and plot first hand.

Internally the property briefly comprises:- Entrance porch, entrance hall with ground floor WC, generous lounge with feature fireplace with log burner that opens on to the sitting room giving a dual aspect feel with a set of bi-fold doors opening out onto the rear garden making it a perfect space for entertaining. Completing the floor is the modern breakfasting kitchen with fitted wall and floor units, integrated appliances and breakfast bar with access to the garage and a handy utility area.

To the first floor off the landing with store cupboard, there is a four piece family bathroom WC and four good sized bedrooms, the main offering a walk-in wardrobe, stylish en-suite shower room and access to the balcony offering some stunning views out to the garden.

Externally however is where this property really does come into its own with its substantial plot that, consists of paved, lawned and mature bedded sections to the rear making it a perfect space for a growing family. It also has a private multiple car drive to the front leading to the integral garage.

Location
The property's location offers very good access to Chase Park and convenient access to village life in Whickham with a range of convenience stores, Church's including St, Marys Parish Church and pubs. The village borders the Derwent Valley and allows for beautiful walks to appreciate the Semi Rural location. Transport routes and frequent bus services provide commuter links to Newcastle, City Centre, Metrocentre and the surrounding areas.

Measurements
Lounge - 3.63 x 6.97
Sitting Room - 4.60 x 3.26
Kitchen - 6.36 x 4.54
Bedroom One - 3.78 x 7.59
Bedroom Two - 4.89 x 3.51
Bedroom Three - 3.63 x 3.11
Bedroom Four - 2.64 x 3.75


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 or 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: E (Gateshead Council)
Tenure: Freehold
Parking options: Driveway, Garage, Off Street
Garden details: Rear Garden



Features
  • Freehold

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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

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • 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

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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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