4 bedroom detached for sale

£399,950 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Situated in the sought after `Cathedrals` area of Exmouth is this deceptively spacious 4 bedroom and 2 bathroom detached modern house with an enclosed and private garden, larger than average garage and driveway. This gas centrally heated (from combi boiler) and uPVC double glazed property comprises, on the ground floor, of cloakroom, living room and kitchen / dining room while on the first floor are 4 bedrooms (all having built - in storage), master en - suite shower room and family bathroom. The gardens are easy to maintain and the garage with driveway is to the rear of the garden.

Ground Floor
uPVC double glazed front entrance door, beneath pitched and tiled storm canopy, with outside lighting, leading to:

Entrance Hall
Window to side. Stair case rising to first floor with under stairs storage cupboard. High level electric trip switch fuse box. Radiator. Telephone point. Wall mounted central heating thermostat. Amtico flooring. Smoke alarm. Coved ceiling. Doors leading to living room, kitchen / dining room and:

Cloakroom
Window to side. Modern white suite comprising low level WC and vanity wash hand basin. Tiled splash backs. Amtico flooring. Radiator. Coved ceiling.

Living Room - 189' (5.72m) x 113' (3.43m)
uPVC double glazed sliding patio doors leading to rear garden, window adjacent. Fitted gas fire within a fireplace surround. 2 Radiators. Dado rail. Coved ceiling.

Kitchen / Dining Room - 189' (5.72m) x 128' (3.86m) Into Bay
Walk - in uPVC double glazed bay window to front, further window to front. Range of cupboard and drawer storage units with roll edged work surfaces and tiled splash backs. Stainless steel one and a half bowl sink and single drainer unit with mixer tap. Built - in 4 ring gas hob with filter hood above and eye level double electric oven and grill to side. Space and plumbing for washing machine. Integrated fridge. 2 Radiators. TV point. Dado rail. Amtico flooring

First Floor

Landing
Access to insulated loft space. Airing cupboard housing the gas fired combi boiler that supplies the central heating and domestic hot water, with slatted shelving. Smoke alarm. Coved ceiling. Doors leading to:

Bedroom 1 - 101' (3.07m) To Wardrobe x 96' (2.9m)
Window to front with an open outlook. Built - in wardrobes with hanging rails and shelving. Radiator. Coved ceiling. Door leading to:

En - Suite
Obscure glazed window to side. White suite comprising shower cubicle with electric shower unit, WC with concealed cistern and vanity wash hand basin. Fully tiled walls. Heated towel rail. Shaver socket. Extractor fan. Inset ceiling lights. Coved ceiling.

Bedroom 2 - 115' (3.48m) x 78' (2.34m) Plus Recess
Window to rear. Built - in wardrobe with hanging rail and shelving, further storage cupboard. Radiator. Coved ceiling.

Bedroom 3 - 91' (2.77m) x 69' (2.06m)
Window to rear. Built - in wardrobes with hanging rail and shelving. Radiator. Coved ceiling.

Bedroom 4 - 80' (2.44m) x 611' (2.11m)
Window to front. Built - in shelved storage area. Radiator. Coved ceiling.

Bathroom
Obscure glazed window to side. White suite comprising panelled bath with thermostatically controlled shower unit over. Concealed WC. Vanity wash hand basin. Fully tiled walls. Heated towel rail. Extractor fan. Inset ceiling lights. Coved ceiling.

Externally
The easy to maintain Front Garden is laid to artificial grass and wraps around the front and side of the property. Small brick wall boundary. Outside meter boxes. To the rear of the property, a driveway provides off road parking and leads to:

Detached Garage - 205' (6.22m) x 96' (2.9m)
Up and over door to front. Under eaves storage space. Personal door to rear garden. Power and light connected.

Rear Garden
The property has an enclosed and private Rear garden, which again has ease of maintenance in mind. There is a brick paved patio area adjacent the property, with a further patio area to the rear, both being ideal for outdoor dining and sitting during the fine weather. The remainder is then laid to artificial lawn Brick paved pathway leads to the garage. Brick wall and timber fence boundaries. Front and rear pedestrian access via timber garden gates.

Tenure
The property is FREEHOLD

Services
All mains services are connected. The property is on a water meter. Council Tax Band D

Mortgage Assistance
We are pleased to recommend Meredith Morgan Taylor, who would be pleased to help no matter which estate agent you finally buy through. For a free initial chat please contact us on to arrange an appointment

Your home may be repossessed if you do not keep up repayments on your mortgage

Meredith Morgan Taylor Ltd is an appointed representative of Openwork Limited which is authorised and regulated by the Financial Conduct Authority (FCA)



Directions
From our prominent Town Centre office, proceed onto Marine Way and into Exeter Road passing through 2 sets of traffic lights before turning right into Hulham Road signposted Ottery St Mary. Proceed over the roundabout and after approximately half a mile, turn right into Dinan Way. Take the 2nd turning left into Bystock Road and then the first turning right into Gloucester Road. Turn left into Canterbury Way where the property will be found on the left hand side, just past Oxford Close.

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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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

£ 332658.75

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

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  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 9998.75
  • 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

£ 32696.25
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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

  • Cumulative Rental Profit
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    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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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