6 bedroom detached for sale

£550,000 Offers over

6

Bedrooms

2

Bathrooms

3

Reception

This detached family size character packed property on one of the most popular roads in Fulwood has come to the market for sale. It has so much potential and once renovated it will be a beautiful long term family home. Set over three floors with SIX bedrooms and THREE reception rooms it provides ample space for families of all ages and size.

This character property has so much kerb appeal with a front garden and driveway leading up to the front door. When you enter it and see the entrance hallway packed with character features and a beautiful staircase, you will immediately get a taste of what this property offers. On the ground floor there is a hallway, a cloak room, three reception rooms, a kitchen, utility room and downstairs shower room. The lounge at the front is light and spacious and has a large window letting in plenty of natural light and the second lounge at the rear is just as spacious with double doors leading to the rear garden. The third reception room is currently being used as a dining room and leads through to the kitchen at the rear of the property. The utility room is a very useful addition and leads through to the shower room.

After being incredibly impressed with the amount of space the ground floor offers, when you climb the stairs and see the first floor you will not be disappointed. There is a large landing which is a beautiful feature of the property which has four bedrooms, a bathroom and a WC leading off it. All of the bedrooms on this floor are a very good size providing ample space for families of all ages and size.

Just when you are thinking how incredibly spacious this property is, when you see the third floor you will be amazed. On this floor there are two more bedrooms making the property a six bedroom property.

The property sits on a very generous size plot meaning that there is an excellent size garden at the rear which is ideal for entertaining and for children to play in. At the front there is a garden, a garage and a driveway providing the important off road parking.

Being located in the heart of Fulwoodmeans that there are excellent transport links, schools, shops and amenities on the doorstep of the property and the road it is situated on is one of the most popular roads in the area.

This is a freehold property.

EPCrating - E

Council tax band - G

It is very rare that properties of this type in Fulwoodespecially on this road come to the market for sale and when they do there is a huge amount of interest in them. Call to arrange a viewing as soon as possible to avoid missing out on it.

Please contact Kingswood.

Fulwood Office:

01772 717181

77 Watling Street Road, Fulwood, Preston, PR2 8EA

mail@kingswoodproperties.co.uk

www.kingswoodproperties.co.uk

Disclaimer:
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

Ground floor

Entrance vestibule 1.66 x 1.28 m (55 x 42 ft)
Entrance door, ceiling light point, coving and a door leading through to the hallway.

Entrance hallway 6.06 x 3.83 m (1911 x 127 ft)
Ceiling light point, coving, four single glazed windows, two radiators and stairs leading to the first floor landing.

Cloakroom 1.60 x 1.35 m (53 x 45 ft)
Ceiling light point and a single glazed window.

Front reception room 4.16 x 4.11 m (138 x 136 ft)
Ceiling light point, coving, single glazed window and a radiator.

Rear reception room 4.90 x 4.13 m (161 x 137 ft)
Ceiling light point, coving, two single glazed windows and double doors leading to the rear garden.

Dining room 3.50 x 3.43 m (116 x 113 ft)
Ceiling light point, two ceiling light points, radiator and an opening leading to the kitchen.

Kitchen 3.83 x 2.64 m (127 x 88 ft)
Ceiling light point, entrance door, three single glazed windows, base units, space for cooker and sink and drainer.

Utility room 2.52 x 1.99 m (83 x 66 ft)
Ceiling light point, single glazed window, space for washing machine and space for a fridge / freezer.

Downstairs bathroom 2.55 x 0.93 m (84 x 31 ft)
Ceiling light point, single glazed window, walk-in shower, low level WC and a hand wash basin.

First floor

Bedroom 1 4.17 x 4.14 m (138 x 137 ft)
Ceiling light point, coving, single glazed window and a radiator.

Bedroom 2 4.69 x 4.09 m (155 x 135 ft)
Ceiling light point, coving, single glazed window and a radiator.

Bedroom 3 4.16 x 3.29 m (138 x 1010 ft)
Ceiling light point, single glazed window and a radiator.

Bedroom 4 3.52 x 3.35 m (117 x 1012 ft)
Ceiling light point, coving, single glazed window and a radiator.

Bathroom 2.51 x 2.20 m (83 x 73 ft)
Ceiling light point, single glazed window, bath, hand wash basin and a heated towel rail.

WC 1.36 x 0.72 m (46 x 24 ft)
Ceiling light point, single glazed window and a low level WC.

Second floor

Bedroom 5 5.24 x 3.21 m (172 x 106 ft)
Ceiling light point and a single glazed window.

Bedroom 6 4.28 x 4.08 m (141 x 135 ft)
Ceiling light point and a single glazed window.

External
At the rear there is a garden and at the front there is a garden, a driveway and a garage.

Disclaimer
These particulars, whilst believed to be correct, do not form any part of an offer or contract. Intending purchasers should not rely on them as statements or representation of fact. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. All measurements quoted are approximate. Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,378.57

Total Interest: £306,284.39

Overall Total: £856,284.39

Amortization For Monthly Payment: £2,378.57 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£17,438.07 £11,104.74 £538,895.26 
2026£17,077.46 £11,465.35 £527,429.90 
2027£16,705.14 £11,837.67 £515,592.23 
2028£16,320.73 £12,222.08 £503,370.15 
2029£15,923.83 £12,618.98 £490,751.17 
2030£15,514.05 £13,028.76 £477,722.41 
2031£15,090.96 £13,451.85 £464,270.55 
2032£14,654.13 £13,888.68 £450,381.87 
2033£14,203.12 £14,339.70 £436,042.18 
2034£13,737.46 £14,805.36 £421,236.82 
2035£13,256.68 £15,286.14 £405,950.68 
2036£12,760.28 £15,782.53 £390,168.15 
2037£12,247.77 £16,295.05 £373,873.10 
2038£11,718.61 £16,824.21 £357,048.90 
2039£11,172.27 £17,370.55 £339,678.35 
2040£10,608.18 £17,934.63 £321,743.72 
2041£10,025.78 £18,517.03 £303,226.69 
2042£9,424.47 £19,118.34 £284,108.35 
2043£8,803.63 £19,739.18 £264,369.17 
2044£8,162.63 £20,380.18 £243,988.98 
2045£7,500.81 £21,042.00 £222,946.98 
2046£6,817.50 £21,725.31 £201,221.67 
2047£6,112.01 £22,430.81 £178,790.87 
2048£5,383.60 £23,159.21 £155,631.65 
2049£4,631.54 £23,911.28 £131,720.38 
2050£3,855.05 £24,687.76 £107,032.62 
2051£3,053.36 £25,489.46 £81,543.16 
2052£2,225.62 £26,317.19 £55,225.97 
2053£1,371.01 £27,171.80 £28,054.17 
2054£488.65 £28,054.17 £0.00 

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

£ 443,950

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 29,970

Cumulative Rental Profit

£ 299,703

Cost of Purchase

£ 31,450
  • Stamp Duty
    £ 15,000

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 13,750
  • 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

£ 36,030
  • Mortgage Interest
    £ 19,978

    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)
    £ 8,712
  • Letting Fee
    £ 240
  • Maintenance
    £ 6,600
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 614,145
  • Final Equity Profit
    £ 314,442

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 299,703

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£ 895,892

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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