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£950,000
Bedrooms
Bathrooms
A handsome double fronted detached residence positioned behind a gated lawn and driveway on one of Davenports most premium roads. Sitting in the Davenport Park Conservation Area this glorious home boasts beautiful original features and charming character throughout. Arranged over four floors and offered for sale with no onward chain.
This substantial home offers spacious and versatile accommodation, ideal for multi-generational families with the lower ground floor perfectly arranged for an independent relative. The lower ground floor is currently utilised as two living rooms, a double bedroom with en-suite shower room and a kitchenette all sitting off a large hallway, with the added benefit of private access via an external door from the garden. Every room on this level boasts an external window, allowing in excellent natural light.
The ground floor sits in an elevated position with steps leading up from the driveway to an original front door with stained glass inserts. The entrance hall provides a grand entrance and allows access to the three reception rooms and kitchen. The reception rooms each boast impressive fireplaces and the front two offer beautiful bay windows with original stained glass. The extended kitchen at the rear is a more modern space with patio doors leading out to the garden. The round floor is completed with a WC off the hallway.
At first floor level there are three large double bedrooms, a study space and the contemporary family bathroom. The study room boasts a turning staircase leading to the converted loft space. This is a vast space with a sitting area and bedroom area with a modern bathroom sitting off. With three skylights the room is filled with natural light and further benefits from under eaves storage.
Externally the rear garden is a low-maintenance space with a lawn area enclosed by mature flower beds, and a large patio sitting to the side. It benefits from a southerly-facing aspect and there is ample space down the side and to the front where a large and gated driveway provides generous off-road parking.
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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