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£3,500,000
Bedrooms
Bathrooms
Distinctive Thatched Residence with Annexe and Indoor Pool, Letchworth Garden City
An exceptional thatched residence of over 7,000 sq. ft., set within beautiful grounds in one of Letchworth Garden Citys most desirable addresses. This substantial six-bedroom home, including a self-contained one-bedroom annexe, offers a unique blend of characterful architecture, generous proportions, and luxurious modern amenities including an indoor swimming pool and extensive garaging.
Ground Floor Elegant Living and Entertaining Spaces
A grand reception hall provides an impressive welcome, setting the tone for the homes generous scale and character. The principal living areas begin with a large drawing room with a feature fireplace, elegant bay window, and views over the main grounds. The kitchen/dining room is fitted to a high standard with a large central island, ample storage, an impressive Sub Zero fridge/freezer with built-in wine fridge, integrated appliances, and an Aga. The formal dining area is ideal for family dinners or entertaining, while a separate utility room offers further practicality.
To the rear, a second sitting room with an original brick fireplace and built-in storage unit offers a quiet and relaxing space. Finally, the indoor swimming pool and adjoining shower room provide a superb leisure facility that opens directly onto the gardens and completes the ground floor with a luxurious touch.
First Floor Five Bedrooms and Three Bathrooms
Upstairs, the principal bedroom suite is a true retreat, featuring a private balcony, large dressing room, and an en-suite four-piece bathroom. Bedrooms two and three are spacious doubles, both with fitted wardrobes/storage, while bedroom four is ideal for guests or a nursery. The fifth bedroom is currently being used as a stylish home office with built-in storage units. Finally, a modern family bathroom completes the first floor, serving the bedrooms with style.
Annexe and Garaging Self-Contained Living and Exceptional Storage
Separate from the main house, the property includes a one-bedroom annexe, complete with open-plan kitchen, living, and dining area, a generous double bedroom, and a bathroom ideal for guests, extended family, or older children.
The extensive garaging ensures ample space for multiple vehicles and includes an additional utility area and attic storage above, offering versatility for hobby or business use. The tarmac driveway provides further off-street parking for up to ten vehicles.
Grounds and Setting Private, Mature Gardens
The approach to the property begins at the long private driveway. Upon entering through electric gates, youre greeted with a striking view of the propertys facade and stunning front garden.
Extremely private and beautifully maintained, the grounds consist of the main front garden, a smaller rear garden, and access to a shared paddock. These wraparound gardens provide a wonderful outlook from all of the main living spaces and bedrooms, with multiple terraces and lawns offering ample room for outdoor entertaining and relaxation.
Location Prestigious Letchworth Garden City Setting
Located on one of Letchworth Garden Citys most prestigious roads, the property enjoys a peaceful and established setting, boasting the feel of a countryside estate with all the convenient benefits of a town.
Letchworth offers a wealth of local amenities, including boutique shops, cafs, walks and parks, as well as larger facilities such as supermarkets and larger shops.
Families will enjoy a range of good schools, while commuters benefit from the towns station, which provides regular rail services to London Kings Cross in around 40 minutes, plus easy access to the A1(M) for convenient road links to the capital and beyond.
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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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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