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£600,000 Guide Price
Bedrooms
Bathrooms
Substantial detached four bedroom property that has been upgraded to an extremely high standard throughout by the current owners, You enter the home into the grand entrance hall that has a beautiful American Oak staircase leading the first floor and doors to the large sitting/dining room that runs the length of the home, complete with modern cylindrical wood burner and a trio of sliding doors to the rear. The kitchen family room has also been modernised and is fitted with a range of handle less base and wall units, marble work tops, inset double oven, microwave and coffee machine to name a few. Following on from here is a room to the rear which could be used as a utility room or a shower room but currently is under construction offering the opportunity to put your own personal touch to the home. There is also a snug located off the kitchen/family room. Upstairs there are four double bedrooms and a family bathroom all off the galleried landing as well as an en-suite shower room to the main bedroom. Externally there is ample parking on the driveway to the front as well as a South facing rear garden complete with a sizeable timber framed out house with electricity and is currently being used as a gym but could suit a number of other purposes and would be ideal for somebody working from home. There is access to a business at the rear of the premises which is not included in the sale.
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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.
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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