4 bedroom detached for sale

£739,999

4

Bedrooms

2

Bathrooms

Floorplan

Set in The Lanes, in Leckhampton, an exclusive development of detached homes just opposite the new High School Leckhampton is this four bedroom home.

A brilliant design of home, featuring an L shape configuration with a double garage and driveway to the front. The accommodation comprises a hallway which gives access to a cloakroom / boot room, the dining room and the main sitting room. The sitting room has a feature fireplace and direct access to the garden plus side aspect double glazed window. There is also a door through to a home office. The dining room leads through to the kitchen breakfast room, making it possible to knock the two rooms together to create a large kitchen family room and there is also a utility room off, both sliding doors and a full height side aspect window looking onto the garden.

Upstairs is just as impressive with the main bedroom featuring a modern ensuite shower room (with power shower) and a large bank of fitted wardrobes. The house backs onto open space including a small play park for the development and then the tress beyond. Hence you enjoy a great view from the rear of the property and privacy in the garden. The two guest bedrooms are also facing the rear, both are doubles with one also having built in wardrobes. There is then a fourth bedroom at the top of the stairs, plus a double airing cupboard and family bathroom, also with a power shower.

The garden wraps around the property giving a patio area off the kitchen breakfast and dining room, plus a main lawned garden off the sitting room. There is also a home office and store in the garden which features double doors and a skylight making this a lovely space. The garden wrapping around gives it a defined patio entertaining space and lawn with wall to the rear. There is also gated side access to the garden plus access to the double garage via a personal door to the rear.

The property currently has planning permission to extend over the existing garage
https://publicaccess.cheltenham.gov.uk/online-applications/applicationDetails.do?keyVal=QPOXBLELFNB00&activeTab=summary

The location is both excellent for the School and access to both the countryside on the edge of Leckhampton and the wonderful array of shops, cafes and bars that Leckhamptons Bath Road has to offer.

Tenure: Freehold
Council Tax Band: F
EPC Rating: D

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

£ 613199.175

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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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
    £ 18499.975
  • 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

£ 58199.925
  • 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

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  %

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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