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£800,000
Bedrooms
Bathrooms
This superb 3 bedroom detached house with adjoining annexe really does offer flexible living with the opportunity to use various outbuildings plus a Garage/Workshop space for many uses subject to consent. If that isnt enough there is also 10 Acres (STMS) of land at the rear of the property offering beautiful views. The main house has been fully refurbished by the current owners and has 3 bedrooms one being downstairs plus a bright and airy living/dining area opening onto a modern kitchen with fitted appliances and access to the utility room. On the first floor are two bedrooms the master having a dressing room plus a spacious family bathroom. The attached annexe has a fitted kitchen, living room and a bedroom plus a refitted shower room. Outside there are landscaped gardens and patio areas plus a resin bound driveway. The gardens are enclosed by timber fencing with security lighting. There is a garage block with two electric doors with lots of space for multiple workshops all with power and light. In addition there is an outbuilding which has a kitchen and cloakroom facilities offering scope for a two bedroom annexe subject to change of use. The final outbuilding currently has multiple rooms one currently used as a fully equipped gym plus an office area and additional rooms for hobbies/games. This property offers a great deal of choice and flexibility for use and it certainly needs to be viewed to take in all that it has to offer.
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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