5 bedroom detached for sale

£600,000

5

Bedrooms

2

Bathrooms

Floorplan

This unique, substantial and incredibly versatile period freehold home occupies a popular & convenient location close to the heart of the highly regarded village of Willingham giving quick & easy access to the A10 and A14, local amenities in the village itself with central Cambridge located approximately 10 miles to the east, which can be accessed by the guided busway which stops also stops at Cambridge North railway station. Willingham provides extensive local amenities which include a bakery, post office, bakery, butcher and a number of public houses.

The ground floor benefits from significant entertaining space and comprises the following:
striking large conservatory, approximately 31ft wide with windows on three sides creating excellent natural light; sitting room, generous in size and featuring a decorative fireplace; and dining room, also with a decorative fireplace. Both reception rooms are accessed via French doors from the conservatory as well as from the hallway.

Also on the ground floor is a spacious kitchen / breakfast room; a study / store room; ground floor guest w/c; and a number of additional rooms, formerly an annexe but now open to the rest of the home (it would be straightforward to re-convert this space to an annexe), including a bedroom; three piece shower room; dressing room; and an office / small additional bedroom.

On the first floor there is a spacious landing; four well proportioned bedrooms, each of which are double in size; and a well appointed three piece family bathroom.

This truly excellent property is located on a generous plot and is gated, with large gardens including a lawned area and a large patio, and includes off street parking; a double garage, and a garden room which includes a three piece shower room.

Tenure: freehold
Council tax band: F
Mobile phone coverage: https://www.ofcom.org.uk/mobile-coverage-checker
Broadband coverage: up to 1000 Mbps download speed according to Ofcom
Flood risk: Very low

Main room sizes:
Sitting room: 20ft 8in x 12ft 8in approx
Dining room: 13ft 2in x 12ft 8in approx
Kitchen: 9ft 9in x 14ft 2in approx
Conservatory: 31ft 11 in x 19ft 6in approx
Bedroom 1: 13ft 1in x 13ft 3in approx
Bedroom 2: 9ft 6in x 9ft 7in approx
Bedroom 3: 9ft 9in x 9ft 7in approx
Bedroom 4: 9ft 4in x 7ft 7in approx

Money Laundering Regulations:
In order to comply with Money Laundering Regulations, purchasers will be asked to provide photographic ID and proof of address documentation, as well as giving details of the intended source of funds. This information is required before we progress with any offer which has been agreed in principle, subject to contract. We appreciate your cooperation in order to avoid delays in proceeding with the sale.

Map location is not available for this property.

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

£ 497700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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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
    £ 15000
  • 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

£ 47700
  • 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.

£

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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