4 bedroom detached for sale

£1,000,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

A magnificent detached residence set in a tranquil location, where this contemporary and stylishly bespoke Smart Home blends seamlessly with its picturesque surroundings. The owners have panoramic vistas throughout the home which flood the property with light and you can sit and enjoy the changing scenery all year round. Thought and attention has been a careful process in getting the home to its impressive standard today, including a modern fitted kitchen with Bosch appliances including a coffee machine, under floor heating throughout the ground floor, Porcelain tiled flooring, zone controlled heating, ambient lighting that can be activated remotely and a White Oak staircase with glass balustrades. Upon accessing the home via the spacious entrance hall with a W.C on the right, there is a split level step up to the sitting room on the left and access to the kitchen/family room on the right. The kitchen has double doors to the outside and an adjoining utility room which also has rear access. The kitchen and living room are accessible to one another at the back of the home and there is a spacious garden room in addition which has a glass vaulted ceiling and sliding door wall which opens up onto the gardens and River Tud beyond. The stairs to the first floor are in the living room and there is a large dining room which is split level by two stairs. The steps where the floors are split level have impressive ambient lighting inset, creating a striking feature and making them easy to see. Upstairs are four generous bedrooms, all with built in wardrobes. There is a large family bathroom finished in marble tiles, spacious shower and his and hers sinks and there is an en-suite shower room to the master suite.
Costessey is a popular area and caters for all ages. There is schooling for all ages, an abundance of amenities and facilities, Health Centres, convenience stores, country walks and parks and easy access to the A47 Southern Bypass. There is also a bus stop a stones throw from the property with a regular service.

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Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. We cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Mortgage Calculator

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 )

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

£ 818950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 25000
  • 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

£ 68950
  • Mortgage Interest
    £

    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)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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

£
  • Final Equity Profit
    £

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

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

£

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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