4 bedroom detached for sale

£1,100,000

4

Bedrooms

3

Bathrooms

Floorplan

PROPERTY DETAILS Situated on a generous plot in the tree lined Nashgrove Lane, this stunning, large property has been updated and extended to a high standard and has planning permission granted for further extensions to the rear.

There is huge potential to create a self contained annexe, if the new owner desires. The current owners have already converted the previous garage into comfortable living space which is now being used as a music studio, separate gym and an office for those who require space to work from home. This extension on the original property has enough room to become a convenient space for kitchen, living room, bathroom and double bedroom, depending on the needs of the new owner. The current planning permission that is granted would allow the new owners to square off the existing property, which would create even more living space or a stylish orangery.

The existing ground floor has been designed for an easy flow between the rooms. To the left of the front door is the first family room or snug with glass double doors leading through to the main reception room with fireplace and glass sliding doors to the garden. The kitchen is a good size and fitted with 6 ring gas hob and range cooker, plus plenty of cupboards and work space. The dining room is conveniently placed through an open archway and enjoys views over the expansive rear garden. The utility room has been newly redone and extended, creating a separate space for the white goods to live. Completing the ground floor is the large bathroom with walk in shower.

Upstairs are the four double bedrooms, three of which have access to the eaves storage. The main bedroom has an ensuite shower room and the second bedroom has a separate WC and basin. The upstairs bathroom has been immaculately decorated with floor to ceiling tiles and accents of blue mosaic. There is also stylish built in storage alcoves to this room.

Externally, the property benefits from the very generous rear garden, which has patio and a vegetable patch to the back. To the front of the property, the owners have reported that the driveway can fit at least 8 cars. There is also the option to lock the gate when needed, with an electric fob enabling the owners to open and close the gate remotely.

LOCATION DETAILS Finchampstead is a highly sought after location, with a wide variety of local amenities within easy reach. The village offers supermarket shopping, post office, Cresswells garage and petrol station, doctors surgery, a dentist and a veterinary hospital.

The area is well known for close proximity to sought after local schools including Waverley Preparatory School, Evendons Primary, Nine Mile Ride, Gorse Ride Infants and Juniors Schools, Luckley House and Bohunt.

Also within easy reach is the Finchampstead Baptist Church, which hosts a variety of community amenities such as the caf, social and sports clubs, playground and function hall space. For those who enjoy the outdoors, California Country Park with fishing opportunities and playground is just a short walk away as well as Rooks Nest Wood Country Park, ideal for dog walks.

Public transport is also easily accessible, with a bus route between Reading and Wokingham stationed on Barkham Ride, just a short walk away.

Features
  • Freehold

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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

£ 906450

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
    £ 27500
  • 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

£ 81450
  • 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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