4 bedroom detached for sale

£385,000

4

Bedrooms

Floorplan

NO CHAIN - SUPERB CUL DE SAC LOCATION - AN excellent opportunity to purchase this spacious four bedroom detached family home, ideally positioned in the corner of the cul de sac in the village of Elmesthorpe and close to open countryside. The accommodation briefly comprises on the ground floor of an entrance hallway, bay fronted lounge, dining room, kitchen, utility room and cloakroom, whilst on the first floor there are four bedrooms with main en suite and a family bathroom. The property also benefits from double glazing, LPG gas heating, south facing rear garden and a driveway to the front with ample off road parking. For viewings Call Martin & Co 01455 636349

ENTRANCE HALLWAY A covered entrance with glazed panel door to entrance hallway, stairs to first floor landing, wood effect flooring, stairs to first floor, double glazed window to side, radiator.

LOUNGE 17 6" x 11 8" (5.342m x 3.578m) Double glazed bay window to front, wood effect flooring, upright radiator, panel glazed door to dining room.

DINING ROOM 12 4" x 8 7" (3.771m x 2.626m) Double glazed french doors to rear garden, wood flooring, radiator, door to kitchen.

KITCHEN 13 7" x 8 2" (4.148m x 2.512m) Fitted with a matching range of base, wall and drawer units with roll top work surfaces above and inset sink unit with centre bowl and mixer tap, double oven, space and plumbing for washing machine, radiator, double glazed door and window to rear.

UTILITY ROOM 9 7" x 7 7" (2.945m x 2.312m) Fitted with a range of base units and upright cupboard, work surfaces, Belfast sink with mixer tap, double glazed door to side.

CLOAKROOM 7 6" x 2 7" (2.3 m x 0.810m) Low level WC, hand wash basin with mixer tap, ceramic tiled floor, radiator, obscured double glazed window.

LANDING Access to roof space, airing cupboard housing gas boiler.

BEDROOM ONE 14 2" Into Bay x 12 0" (4.325m x 3.666m) Double glazed bay window to front, built in double wardrobe with shelving and hanging space, radiator, door to en suite.

EN SUITE SHOWER ROOM Shower cubicle with glazed shower door, mixer unit with waterfall shower above, hand wash basin with vanity cupboard below, low level WC, heated hand towel rail, ceramic tiled floor, obscure double glazed window.

BEDROOM TWO 11 0" x 10 7" (3.356m x 3.247m) Double glazed window to front, radiator.

BEDROOM THREE 8 10" x 8 10" (2.705m x 2.713m) Double glazed window to rear, radiator.

BEDROOM FOUR 9 5" x 6 11" (2.887m x 2.131m) Double glazed window to rear, laminate wood flooring, radiator.

BATHROOM 7 7" x 5 8" (2.330m x 1.751m) Panelled bath, hand wash basin, enclosed low level WC, radiator, obscure double glazed window.

OUTSIDE The property is approached via a tarmacadam driveway with ample off road parking, garage storage and side access leading to the south facing rear garden with raised decking area, lawned area mature trees plants and shrubs, external power points, outside tap, storage shed.

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

£ 320325

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

£

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
    £ 9625
  • 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

£ 31575
  • 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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