4 bedroom detached for sale

£840,000

4

Bedrooms

2

Bathrooms

Floorplan

An impressive 1920s four bedroom detached home with an enviable 200ft garden. With its close proximity to York city centre, 66 Shipton Road presents a fantastic opportunity for the discerning buyer and offers remarkable potential to develop further.

Upon entering the property, the hallway is spacious and inviting and provides access to the principal reception rooms. The lounge to the front elevation has a large bay window allowing an abundance of natural light to flood in, and includes decorative cornicing and a feature fireplace with wooden surround and marble hearth.

A further separate reception room, currently used as a study/snug, offers built in alcove storage and shelving, plus an open fireplace with cast iron grate and surround. This room flows seamlessly into the open plan kitchen/dining room through double wooden doors with glass panes.

The recently fitted kitchen features ample wall and base units, integrated appliances, eye level dual oven with separate hob, plus space for a fridge freezer. A kitchen peninsula offers extra storage and worktop space, with room for a large dining table and chairs beyond. French doors open up onto the glorious rear garden ready for al-fresco dining in the warmer months. A separate utility room (with access to the garage) and downstairs cloakroom/WC complete the ground floor accommodation.

Upstairs to the first floor are three large double bedrooms and a single bedroom plus the advantage of two bathrooms. The house bathroom includes bath with shower over, with the recently updated additional bathroom boasting a further shower, sink and WC.

Externally to the front elevation, the property is proudly set back off Shipton Road and is accessed via a large gravelled driveway offering parking for multiple vehicles. Bordered by mature hedges and providing access to a single garage with timber doors, suitable for a further vehicle or storage.

To the rear is a truly remarkable garden offering privacy, tranquility and much of the days sun, with a large full width patio for ample seating options. The remaining garden is mainly laid to lawn, flanked with mature hedges, trees, shrubs and plants allowing nature to thrive. A useful summer house resides half way down plus a further shed for storage of garden accessories. Towards the far end is a vegetable garden and meadow area.

In summary, a rare opportunity to own a highly impressive property with a large garden close to York city centre. For those environmentally minded, the property has an air source heat pump providing the heating and hot water.

LOCATION

The desirable and leafy Shipton Road is ideally located for easy access to the bustling city centre and nearby amenities of Bootham, including convenience stores and a wide selection of independent public houses, hotels and eateries. The mainline station providing direct access to London Kings Cross is easily accessed and also nearby is the renowned Homestead Park and recreational walks along the riverside. The location provides easy vehicular access to the York outer ring road, Harrogate, Leeds and the national motorway network. The independent schools of St Peters and Bootham are within easy reach.

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

£ 695700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 21000
  • 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

£ 65700
  • 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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  %
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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

Adjust these figures

  %

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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