5 bedroom detached for sale

£800,000 Offers in excess of

5

Bedrooms

3

Bathrooms

Floorplan

PROPERTY DESCRIPTION Located on a quiet, leafy road just outside of Wokingham town centre, this superb five-bedroom property has been completely renovated to a very high standard and is now ready for a new owner to reap the benefits. The current owners went so far as to replace all of the internal walls, adhering to the latest high standards of insulation and sound proofing.

The ground floor comprises modern open plan kitchen with island and high-quality integrated appliances. This rooms opens out to the main reception/dining room, with open archway to the living room. Throughout, the property has been tastefully decorated in light colours, making the most of the large FENSA windows and natural light that illuminates the property. Two of the five bedrooms are located on the ground floor and are serviced by the walk-in shower room with contemporary floor to ceiling tiles and his and hers basins.

The property was extended in 2022 to create a 2nd storey, meaning that the top floor now has the three extra double bedrooms with ensuite shower room to the main. A further family bathroom is located on the landing and fitted with shower over bath, all with floor to ceiling tiles. The extension has maintained copious amounts of eaves storage for convenient space saving solutions.

Externally, the property benefits from the private, West facing, landscaped rear garden. Parking can be found on the private driveway with garage, which has further potential to be converted into a self-contained annex, subject to the usual planning permissions. Currently, the rear garden is laid with a combination of lawn and Astroturf next to a secure gate and dropped curve, meaning that more cars can be parked off road if needed without damaging any grass.

The area is well known for its easy access to excellent and outstanding local schools including The Holt and Evendons Primary school. Also within easy reach is the train station with fast links to Reading, The Elizabeth Line and London Waterloo.

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

£ 662700

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
    £ 20000
  • 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

£ 62700
  • 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

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