4 bedroom detached for sale

£550,000 Offers over

4

Bedrooms

STUNNING AND NO CHAIN! A FOUR BEDROOM DETACHED HOUSE ON HOLLYCROFT IN HINCKLEY. Comprising entrance hallway, large lounge, dining room, kitchen with integrated washing machine, tumble dryer and dishwasher, built-in oven / microwave, conservatory, shower room and downstairs bedroom. First floor landing, three double bedrooms, two en-suites and plenty of storage! One with walk-in wardrobe including hanging rails, shelving & lights! Off road parking, double garage with conservatory office. Front and rear gardens.

ENTRANCE HALLWAY 8 5" x 16 0" (2.58m x 4.90m) Enter the house and into the good sized light hallway which provides access to most ground floor rooms, and the stairs to the first floor. Having extra storage under the stairs and tiled floor with carpet to the stairs.

LOUNGE 10 9" x 14 11" (3.30m x 4.56m) This large split level lounge benefits from having a patio door to the side and a bay window to the front. An internal double rood leads to the rear dining room. Having a carpeted floor.

LOUNGE 17 11" x 12 11" (5.47m x 3.96m) Continuation from the initial lounge area, you step down into this light room which benefits from having the bay window to the front, and two windows to the side.

DINING ROOM 11 1" x 12 6" (3.40m x 3.83m) Overlooking the rear conservatory and having a patio door to the side, this room is large enough for entertaining guests with a good sized dining table.

KITCHEN/BREAKFAST ROOM 19 8" x 12 9" (6.0m x 3.91m) Modern kitchen/breakfast room with white fronted wall and base kitchen units and island, with a dark work surface. Integrated range cooker and large fridge freezer. Breakfast area adjacent to the double doors which lead out into the conservatory.

CONSERVATORY 19 2" x 10 2" (5.85m x 3.11m) This large UPVC double glazed conservatory has a solid floor and two doors which lead out into the rear garden.

GROUND FLOOR BEDROOM 10 8" x 17 0" (3.27m x 5.20m) The ground floor benefits from having a double bedroom which over looks the rear of the house, and has built in wardrobes.

GROUND FLOOR SHOWER ROOM 10 7" x 7 4" (3.23m x 2.24m) Adjacent to the bedroom is the modern shower room which comprises of sink with storage below, WC and shower cubicle.

FIRST FLOOR LANDING 16 0" x 8 5" (4.90m x 2.58m) The first floor landing benefits from the bay area. Having storage for the hot water cylinder and access to the first floor bedrooms.

DOUBLE BEDROOM (REAR) 14 3" x 20 4" (4.36m x 6.21m) Double rear bedroom with walk in wardrobe and bathroom. Benefits from having a dormer window over looking the rear garden.

DOUBLE BEDROOM (FRONT) 9 11" x 17 7" (3.04m x 5.36m) Accessed directly from the 2nd bedroom, this double bedroom has a Juliet balcony overlooking the front garden

ENSUITE BATHROOM 7 1" x 11 7" (2.16m x 3.55m) Modern ensuite bathroom comprising bath, sink and WC

DOUBLE BEDROOM 12 3" x 18 2" (3.75m x 5.55m) Double bedroom overlooking the rear garden, and benefitting from having a dormer window and a large amount of storage within the eaves.

ENSUITE SHOWER ROOM 7 1" x 8 6" (2.16m x 2.61m) Ensuite shower room accessed from the bedroom and comprises shower cubicle, WC and sink.

DOUBLE GARAGE WITH SECOND REAR CONSERVATORY 22 11" x 18 0" (7.0m x 5.5m) Brick built double garage with electric front door and large separate room within the roof, accessed via a drop down ladder. A second UPVC double glazed conservatory behind the garage which is an ideal office. The conservatory dimensions are 3.2m x 2.8m

FRONT AND REAR GARDENS Front lawned garden with mature trees and bordered with bushes. Sweeping front driveway and off road parking for several cars. Large rear raised lawned garden with patio seating area.

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

£ 456450

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

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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
    £ 13750
  • 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

£ 43950
  • 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.

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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

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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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