4 bedroom detached for sale

£770,000 Offers in excess of

4

Bedrooms

Floorplan

This modern detached home forms part of a cul-de-sac of detached properties in a central position in Lansdown, just off Malvern Road. Meaning the heart of Montpellier Promenade is just 500m away, with its range of shops, cafes and gardens, which host the Cheltenham Festivals.

Detached modern properties in such a prime position are rare, and Drakes Place is an exclusive cul-de-sac. There are views from the rear over the Cheltenham Ladies College grounds and beyond to Christ Church.

The home is laid out over two floors and boasts three lovely reception rooms on the ground floor including a drawing room / home office to the front, dining room and a sitting room which are open plan to one another and dual aspect, plus a conservatory to the rear overlooking the low maintenance garden. The kitchen effortlessly feeds off into the dining room and sitting room and has room for a breakfast table. It also gives direct access to the garden and garage via a side passageway. The ground floor is complete with a cloakroom and under-stairs storage.
Upstairs, there are four bedrooms in total. The principal bedroom is located to the front of the house with a range of built in wardrobes and an en suite shower room. The shower room is a very striking suite which shows the high end style the house was built with in the late 1980s. The three remaining bedrooms share a family bathroom with separate shower and jacuzzi bath.
Outside, there is a lovely rear garden which is mostly laid to patio with mature plants and shrubs.

The house comes with a driveway with parking to the front, as well as a mature front garden area. There is also access to a part integral garage.

No onward chain.
Tenure: Freehold
Council Tax Band: F

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

£ 637950

Mortgage Loan to Value

%

Gross Yield

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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
    £ 19250
  • 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

£ 60450
  • 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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