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£850,000
Bedrooms
Bathrooms
An elegant and substantial family home occupying a choice position in one of the areas most exclusive developments. The property boasts an outstanding and private south west facing garden and is offered to the market with the convenience of vacant possession and no forward chain.
Internally the accommodation has been well maintained, with a recently replaced front door leading into the entrance hallway and all the principal reception rooms, including a large dual aspect lounge with bay window and upgraded central fireplace. The property has also benefitted from a recently installed boiler (2024).
The breakfast kitchen is fitted with a full range of modern wall, base and display cabinets complemented by integrated appliances including an oven and separate microwave, gas hob with extractor over, dishwasher and fridge freezer. Off the breakfast kitchen is a utility room with provision for washer/dryer and courtesy door to the rear.
In addition is a separate dining room, conservatory, large family room and WC.
To the first floor are five double bedrooms including a generous master bedroom with fitted storage and updated en-suite bathroom. A further house bathroom which has also been updated, includes a separate bath and shower and serves the other bedrooms.
Externally the property is proudly set back, approached by a sweeping drive flanked by grass borders and mature boundaries. To the rear is a wonderful garden fortunate to catch much of the days sun, mainly laid to lawn and enjoying a remarkable degree of privacy. Beyond the mature hedges are some gardens of other surrounding properties, adding to the tranquillity of the setting. There is a large attached double garage with electronically controlled doors.
In summary, a rare opportunity to secure a large detached home in a truly wonderful setting so close to the city centre.
Quietly located just off Stockton Lane in the popular Heworth area, Meadow Way is a prestigious development of thirteen substantial detached houses flanked on both sides by private lakes. Nearby Heworth Village has a charming range of independent shops and amenities. The shopping parks of Monks Cross and Vanguarde are within easy reach. The property falls within the catchment for highly regarded primary and secondary schooling.
Leave York city centre via the A1026 Heworth Green and continue (first exit) at the roundabout on the A1036 toward Monks Cross and the A64. After approximately half-a-mile turn right into Straylands Grove and take the second right into Westlands Grove. Then right into Meadow Way, where the property is located in the left hand corner.
Map location is not available for this property.
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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