4 bedroom detached for sale

£585,000

4

Bedrooms

Floorplan

Welcomed to the market by Martin and Co is this 4 bedroom detached family home offering over 1600sqft of living space. Located in Midwood Avenue, in the Muscliff & Strouden Park area, Offering a bright family kitchen and south facing garden, this property has all the potential to be a fantastic family home. It is positioned in ideal location for amenities, schools and transport links, and is within walking distance to Castle Point Shopping centre, JP Morgan and Bournemouth Hospital.

As we stand outside the property we find a garage at ground level providing space for storage or to park a car in. A staircase leads us up to the front door for the property which is secluded by trees/bushes and shrubs.

Once inside the property an entrance hallway leads us to all principle rooms on the ground floor and staircase to the first floor. To the left is the lounge which is a great family space to come home to, with feature fire place and is connected to the dining room. This sits adjacent to the kitchen and boasts views out over the rear garden space. The kitchen is also a great size with plenty of over and under counter cupboard space, room for the appliances and great counter top space. The kitchen also provides access to the utility room and home office. There is also a bedroom on the ground floor that sits adjacent to the ground floor shower room.

The utility room just off of the kitchen with a door leading out to the garden, with enough space for the washing machine and dryer. There is also counter top and cupboard space ideal for storage. Sat adjacent to Utility Room is an home office/Study room that is sound insulated and is Ethernet networked, making this the ideal work from home space should you need it.

The ground floor also comprises of some understairs storage, a shower room with white W/C, white hand wash basin and freestanding shower unit. Throughout the ground floor you will find lovely Parquet flooring that could be brought back to life with a light refurbishment.

As we make our way upstairs we get to the landing hallway that leads us to all principle rooms on the first floor. All of the bedrooms provide a great amount of space for both adults and children. The master bedroom is a truly fantastic size with a great amount of built in cupboard space.

There is a large fully tiled family bathroom boasting a full size bathtub, bidet, white W/C, white hand wash basin and under sink cupboard. There is a shower over the tub with glass shower screen.

The tiered rear garden space is a very good size and offers patio space as well as a grassed lawn, and boundaries fences are lined with bushes and shrubs.

Agent Notes

Tenure Freehold
EPC C
Council Tax Band D
All Mains Utilities are Connected


1. Money laundering regulations: intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: while we endeavor to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: these approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Martin and Co Bournemouth limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Mortgage Calculator

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

Monthly Payment: £2,529.93

Total Interest: £325,775.22

Overall Total: £910,775.22

Amortization For Monthly Payment: £2,529.93 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£18,547.77 £11,811.41 £573,188.59 
2026£18,164.21 £12,194.97 £560,993.63 
2027£17,768.19 £12,590.98 £548,402.65 
2028£17,359.32 £12,999.85 £535,402.79 
2029£16,937.17 £13,422.00 £521,980.79 
2030£16,501.31 £13,857.86 £508,122.92 
2031£16,051.30 £14,307.88 £493,815.04 
2032£15,586.67 £14,772.51 £479,042.54 
2033£15,106.95 £15,252.22 £463,790.32 
2034£14,611.66 £15,747.51 £448,042.80 
2035£14,100.28 £16,258.89 £431,783.91 
2036£13,572.30 £16,786.88 £414,997.03 
2037£13,027.17 £17,332.00 £397,665.03 
2038£12,464.34 £17,894.84 £379,770.19 
2039£11,883.23 £18,475.94 £361,294.25 
2040£11,283.25 £19,075.92 £342,218.32 
2041£10,663.79 £19,695.39 £322,522.94 
2042£10,024.21 £20,334.97 £302,187.97 
2043£9,363.86 £20,995.31 £281,192.66 
2044£8,682.07 £21,677.11 £259,515.55 
2045£7,978.14 £22,381.04 £237,134.52 
2046£7,251.35 £23,107.83 £214,026.69 
2047£6,500.95 £23,858.22 £190,168.47 
2048£5,726.19 £24,632.98 £165,535.48 
2049£4,926.27 £25,432.90 £140,102.58 
2050£4,100.38 £26,258.80 £113,843.78 
2051£3,247.66 £27,111.51 £86,732.27 
2052£2,367.25 £27,991.92 £58,740.35 
2053£1,458.26 £28,900.92 £29,839.43 
2054£519.74 £29,839.43 £0.00 

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

£ 472,825

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 31,896

Cumulative Rental Profit

£ 318,965

Cost of Purchase

£ 34,075
  • Stamp Duty
    £ 16,750

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

  • Refurbishment Budget
    £ 14,625
  • 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

£ 38,304
  • Mortgage Interest
    £ 21,277

    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)
    £ 9,266
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,020
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 652,793
  • Final Equity Profit
    £ 333,828

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

  • Cumulative Rental Profit
    £ 318,965

    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

£ 952,903

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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