4 bedroom semi-detached for sale

£395,000

4

Bedrooms

2

Bathrooms

Floorplan

DESCRIPTION Martin&Co are pleased to offer this very well-presented and versatile family home featuring a spacious, self-contained two storey annex, perfect for multi-generational living or indeed as guest accommodation/commercial enterprise.

This unique property holds two separate livings spaces both of which can be accessed independently of each other and therefore either used privately and separately or as a whole as one larger property.



The three bedroom family home is accessed via a useful porch area and briefly comprises: entrance hall, reception to front aspect, modern fitted kitchen to rear offering a range of wall and base units and door to the enclosed rear garden with patio and summer house. The first floor holds three bedrooms and a modern fitted bathroom. The one bedroom annex can be accessed through the shared utility space or indeed via its own independent side access. The annex itself is finished to a high standard throughout and briefly comprises: spacious open plan living area with modern fitted kitchen, second reception with bay to front aspect, stairs to the first floor which holds a good size double bedroom with storage surround, modern fitted shower room and dressing room with fitted wardrobes. The annex further benefits from a large enclosed rear patio with useful brick built out house.

Viewing is highly recommended to appreciate the properties unique layout, space on offer and quality of finish throughout.

LOCATION The property enjoys an elevated position on a quiet street within a well-established residential area of Worcester. Sited in a convenient location to allow for easy access to the City and all associated amenities the property also benefits from being within catchment for popular local schooling and having excellent transport links with the M5 Motorway network just minutes away.

LIVING ROOM 13 10" x 11 11" (4.22m x 3.63m)

FITTED KITCHEN 13 02" x 9 00" (4.01m x 2.74m)

BEDROOM TWO 11 10" x 9 00" (3.61m x 2.74m)

BEDROOM THREE 8 10" x 8 06" (2.69m x 2.59m)

BEDROOM FOUR 8 10" x 9 04 MAX" (2.69m x 2.84m)

LIVING AREA 17 00" x 8 00" (5.18m x 2.44m)

KITCHEN 14 00" x 7 02" (4.27m x 2.18m)

SECOND RECEPTION 14 00" x 16 03 INTO BAY" (4.27m x 4.95m)

BEDROOM ONE 13 11" x 11 01" (4.24m x 3.38m)

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

£ 328575

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
    £ 9875
  • 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

£ 32325
  • 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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