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£785,000
Bedrooms
Bathrooms
This superb large family home with 5 garages and outbuildings extensively renovated and extended approximately 18 years ago by the current owners, including re roofing, windows, doors, heating system, electrics and all internal finishings. The house offers spacious and flexible accommodation including 4 double bedrooms, 2 en-suites and 4 reception rooms as well as a large kitchen/diner and utility room with in the main house. There is an extensive outbuilding which includes a triple garage block with attic room above and adjoining games room with W.C which could be altered into additional accommodation for any multi generational purchasers. The home is approached through an electric gate with a very generous driveway to the front and side where there is a further double garage which can easily accommodate various vehicles. To the rear is South West facing garden with mature trees a generous patio area and covered hot tub ideal for entertaining. With a vast level of accommodation and buildings on a plot approaching half an acre with a floor plan extending to in excess of 5000 sq ft this home offers a wide variety of uses subject to any consents required. Runcton Holme is a popular village located between the towns of Downham Market & Kings Lynn and only 2 miles from Watlington train station which has connections to Cambridge & London.
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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