4 bedroom detached for sale

£775,000

4

Bedrooms

3

Bathrooms

Floorplan

This substantial family home occupies a choice position in a prestigious development of detached properties in the favoured Stockton Lane area. The property sits proudly in a generous plot including a detached double garage, surrounded by well maintained mature gardens.

Internally the accommodation comprises of a generous reception hallway leading to the principal reception rooms and a cloakroom/WC. The spacious and bright bay fronted lounge features a dual aspect, brick hearth with gas fire and access to the conservatory.

The breakfast kitchen includes a range of fitted wall and base units with integrated eye level oven and grill, induction hob and extractor over, fridge freezer and Bosch dishwasher. A fitted utility also has a courtesy door to the side and houses the updated Worcester boiler. In addition is a versatile family room and formal dining room with walk in bay.

To the first floor there are four well proportioned bedrooms including a spacious master bedroom with fitted wardrobes and en-suite bathroom. In addition is a four-piece house bathroom.

Externally the house sits in mature grounds with wall and fenced boundaries, including ample off street parking to the side leading to a detached double garage with electric up and over door.

The lovely rear garden is mainly laid to lawn with mature well stocked borders and trees offering a good degree of privacy and is fortunate to catch much of the afternoon and evening sun. Beyond the initial walled perimeter, is a further wrap around garden with mature shrubbery and fruit trees. To the rear of the garage is an enclosed area providing raised beds and space for composting and garden maintenance. There is a well hidden shed for storage.

In summary, a much cherished detached property in mature grounds, in one the areas most well regarded developments with great versatility for further development. During the Spring and Summer months, the garden enjoys remarkable privacy and the attractive aspects of neighbouring trees.

LOCATION

Quietly located in an exclusive development on the edge of countryside, just off Stockton Lane 1.5 miles north east of York city centre. Nearby Heworth Village has a charming range of shops and amenities, with the nearby Monk Stray offering recreational space. The property falls within the catchment area for the highly regarded Hempland Junior School.

DIRECTIONS

From the inner ring road at Monk Bar proceed onto Monkgate to the roundabout. Take the second exit onto Heworth Green and upon reaching the next roundabout at the junction with Malton Road and Stockton Lane, take the second exit onto Stockton Lane. Continue for just under a mile taking a left into Greenfield Park Drive. Continue whilst bearing left where the property is situated on the right hand side as you enter the development.


EPC Rating: C

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

£ 642075

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
    £ 19375
  • 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

£ 60825
  • 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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