5 bedroom detached for sale

£625,000

5

Bedrooms

3

Bathrooms

Floorplan

A FOUR/FIVE BEDROOM DETACHED HOUSE IN HINCKLEY. Comprising hallway & WC, dining room, lounge, conservatory, kitchen & utility, bedroom/office, shower room. First floor three bedrooms, bathroom and en-suite. Second floor bedroom. Rear gardens.Gas central heating and double glazed.NO CHAIN!

ENTRANCE HALLWAY 17 6" x 8 1" (5.34m x 2.48m) Entrance hallway providing access to the dining room, lounge, WC, kitchen and first floor. Having parquet flooring and decorated in a neutral colour.

EXTENDED DINING ROOM 13 6" x 20 6" (4.14m x 6.26m) A large dining room with extended bays overlooking the patio and rear gardens. Having a carpeted floor and decorated in a neutral colour, this room also benefits from having a sliding door to the lounge. Double glazed patio doors lead out to the side patio area.

EXTENDED LOUNGE 13 8" x 26 2" (4.17m x 8.0m) The large lounge benefits from having a log burner to the chimney breast and a sliding door to open up the room with the dining room. Having a carpeted floor and access to the rear conservatory.

CONSERVATORY 10 0" x 13 3" (3.05m x 4.06m) UPVC double glazed conservatory with tiled floor and polycarbonate roof. Double door opening out to the rear garden, and sliding door to the lounge.

EXTENDED KITCHEN 19 11" x 20 6" (6.08m x 6.25m) Having wooden front wall and base kitchen units and island, all with stainless steel handles and granite effect work surfaces. Separate breakfast area over looking the rear garden. Access to the rear garden, fifth bedroom/office, and utility room.

UTILITY ROOM 8 5" x 7 5" (2.59m x 2.28m) Having wooden wall and base kitchen units and a tiled floor.

FIFTH BEDROOM/OFFICE AND SHOWER ROOM 10 2" x 25 9" (3.12m x 7.85m) Side extension with direct access to the rear garden through double glazed patio doors. Wood laminate flooring and decorated in a neutral colour. Shower room with separate shower cubicle, sink and WC.

FIRST FLOOR LANDING AND WC 13 4" x 7 4" (4.08m x 2.25m) Large landing with carpeted floor and wood varnished banister to the stairs. Access to the separate WC, family bathroom, three bedrooms, office and second floor staircase.

REAR DOUBLE BEDROOM 12 4" x 13 1" (3.78m x 4.01m) Located on the right hand side, this rear bedroom benefits from having built in wardrobes and over looking the rear garden.

SIDE OFFICE 6 7" x 8 5" (2.01m x 2.57m) Side office with wooden desk and shelving units. Decorated in a neutral colour and having a carpeted floor.

MAIN BEDROOM WITH ENSUITE SHOWER ROOM 13 2" x 19 8" (4.02m x 6.0m) Having a carpeted floor, built and wardrobes and a bay window overlooking the rear garden. Also benefitting from having an en-suite shower room.

FAMILY BATHROOM 8 0" x 7 1" (2.46m x 2.18m) Comprising a white suite of bath with shower over, sink and WC.

REAR BEDROOM 10 6" x 12 7" (3.21m x 3.84m) This left hand rear bedroom overlooks the rear garden and has a carpeted floor and is decorated in a neutral colour.

SECOND FLOOR BEDROOM AND OFFICE AREA 20 6" x 11 7" (6.25m x 3.54m) This loft bedroom benefits from having an office area adjacent to the stairs. The bedroom is decorated in a neutral colour and has two velux windows.

OUTSIDE Having a good sized front garden with large front driveway and modern timber shed for storage at the rear. There is access to the side patio area which leads to the lawned rear garden with borders and modern wooden fencing.

SOLAR PANELS There is a full set of 16 solar panels providing electricity and heating for the hot water installed in 2015. These are owned and you will recieve a payment every quarter.

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

£ 518325

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 15625
  • 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

£ 49575
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message