4 bedroom detached for sale

£425,000

4

Bedrooms

2

Bathrooms

Floorplan

SUMMARY '''Tucked away at the tranquil end of a highly desirable cul-de-sac within the sought-after Derriford area of Plymouth, this truly immaculate detached family residence presents a remarkable opportunity for discerning buyers. Boasting a prime position and a wealth of appealing features, this property is sure to impress from the moment you arrive.'''

LOCATION Derriford is a key area of Plymouth, offering a mix of residential comfort, crucial healthcare facilities, educational institutions, and good transport links, making it a sought-after location for many.

DESCRIPTION Upon entering, you are greeted by a bright and airy downstairs living space, thoughtfully configured for the demands of contemporary family life. The generously proportioned open-plan sitting room effortlessly transitions into a dedicated dining area, creating an inviting and sociable atmosphere that is perfect for hosting guests and enjoying quality time together. Situated conveniently adjacent to the sitting room, the stylish and contemporary fitted kitchen/breakfast room offers a practical and aesthetically pleasing space, ideal for both bustling weekday mornings and relaxed weekend brunches.

The ground floor also provides the added convenience of two comfortable double bedrooms, positioned to the front of the property, offering flexibility for multi-generational living or guest accommodation. Completing the ground floor is a well-appointed family bathroom, designed with both style and functionality in mind.

Venturing upstairs, you will discover two further impressively sized double bedrooms, each providing a peaceful retreat. A newly installed and tastefully designed modern bathroom serves these upper-floor bedrooms, ensuring ample facilities for all occupants.

Stepping outside, the property benefits from substantial, level gardens that are fully enclosed, providing a secure and private haven for children to play freely and for the whole family to enjoy outdoor leisure activities and al fresco dining. A detached garage offers valuable secure parking or additional storage space, further enhanced by the convenience of off-road parking for multiple vehicles, ensuring ease for residents and visitors alike.

Offered to the market with the significant advantage of no onward chain, this superb family home is presented in truly walk-in condition, allowing new owners to seamlessly settle in and immediately begin enjoying the enviable lifestyle that this sought-after Derriford location affords. An early viewing is highly recommended to avoid disappointment and secure this exceptional property as your own!

VIEWINGS Interested applicants should call Martin & Co (Plymouth) today on in order to arrange their viewing appointment.

NOTICE TO APPLICANTS We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller. We routinely refer potential purchasers to Move With Us conveyancing. It is your decision whether you choose to deal with Move with Us. In making that decision, you should know that we receive an annual payments benefits, equating to approximately 200 per referral.

Features
  • Freehold

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

£ 353325

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
    £ 10625
  • 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

£ 34575
  • 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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