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£550,000
Bedrooms
Bathrooms
This ornate period detached home beautifully showcases its original character, boasting an array of elegant period features, including flooring, internal doors, classic windows, and fireplaces. Situated on a generous plot, the property is enhanced by an in-and-out driveway and a mature, well-established rear garden, offering potential for further development or alterations (subject to necessary planning permissions).
It is of the the valuers opinion the inside, the home offers versatile and well-proportioned living spaces, featuring four first floor bedrooms, a dressing area/study, and a useful boarded loft room with an additional shower room. The ground floor comprises three reception rooms, a convenient ground floor shower room, and a spacious kitchen breakfast room with scope for extension to the side or rear (subject to necessary planning permissions).
The outdoor space is equally impressive, with a beautifully maintained rear garden and a sizable garden room (27 x 10), providing a perfect retreat for relaxation or entertaining. A truly fabulous family home that seamlessly blends period charm with modern potential.
The property is ideally located for everyday amenities and services including Thurmaston shopping centre, or along the main Belgrave Road and Melton Road. Sainsburys supermarket is also close by, as well as popular local schoos and regular bus routes to inner and outer ring roads. Providing great access to Leicester City Centre also.
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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