4 bedroom terraced for sale

£425,000

4

Bedrooms

Floorplan

PROPERTY DESCRIPTION This four bedroom traditional stone cottage has been updated throughout by the current owners while still preserving all the period features of the original house. Full of charm and character with its spacious rooms, high ceilings and light and bright spaces due to the large windows throughout, Mulberry House is a great family home that is adaptable with plenty of options on how to use the space. On the ground floor there is the heart of this home with an exceptionally large open kitchen/dining/living space where the current owners spend a lot of their time. Being open plan means the space can be used for cooking and entertaining as well as those evenings in front of the TV. Additionally there is a cozy living room with wood burner for those times when you want to spend time away from the family! The ground floor also has the all important WC and utility room with a back door that leads out to the garage. On the first floor there are four generous bedrooms with vaulted ceilings adding to the sense of space, plus the family bathroom. The gardens have been a real labour of love for the current owners and provide a great outside space to enjoy. Energy efficient solar panels. To be sold chain free, Mulberry House; is available to view by appointment.

ENTRANCE HALL 15 0" x 3 4" (4.57m x 1.02m) The inviting entrance hall has a tiled floor which continues into the rear hallway. Wall mounted electric radiator.

KITCHEN/DINER 26 3" x 17 3" (8m x 5.26m) The real heart of the home, this space is great for both busy family life and relaxing in the evenings. Being open plan, the space is adaptable for modern living with ample space for a dining table and a seating area to one end, around a cozy log burner, providing an extra living space. Range of hand built kitchen units with quartz worktops and butler sink. Space for range cooker. Tiled floor throughout. Window to rear aspect.

LIVING ROOM 14 7" x 13 7" (4.44m x 4.14m) The cozy living room provides a place to relax around the wood burner but could be used as a home office or even ground floor bedroom if needed. Large window to front aspect.

UTILITY ROOM 6 10" x 6 11" (2.08m x 2.11m) A real must have for any family home, the utility room has space and plumbing for a washing machine plus a large cupboard that houses the oil central heating boiler. Window to rear aspect. Door leading to rear and access to the garage/store.

WC Ground floor WC with wash hand basin

LANDING Stairs rise from the first floor to this open landing area with doors to all the first floor rooms. There are two storage or airing cupboards off the landing.

BEDROOM 1 12 8" x 15 0" (3.86m x 4.57m) The main bedroom is impressively spacious with high vaulted ceiling and a large window which overlooks the front garden.

BEDROOM 2 12 5" x 9 8" (3.78m x 2.95m) Also very spacious, the second bedroom is a large double room, again with a large window to the front aspect.

BEDROOM 3 12 6" x 11 5" (3.81m x 3.48m) Also a double bedroom, the third bedroom has a sloping ceiling with a velux window plus a window to the rear making this room exceptionally light and bright.

BEDROOM 4 12 2" x 6 10" (3.71m x 2.08m) plus 6 6" x 10 5" Extended over the garage below, the fourth bedroom now has an L shaped layout providing a cozy sleeping area plus a large study, work space or walk through wardrobe. Velux window.

BATHROOM In keeping with the period features in the rest of the property. the bathroom has a white three piece suite comprising of a free standing roll top bath, classically styled sink and WC with a separate double shower enclosure. Velux window. Heated towel rail. Exposed floorboards.

GARAGE / STORE 13 4" x 8 1" (4.06m x 2.46m) Ideal storage space for those things we all have! The garage has power and light. Agents note, the garage is not suitable for a vehicle.

GARDEN To the front of the property the gardens are well established and really compliment the property with a generous sunny patio and mature shrubs and plants while still being fairly low maintenance. There is a summer house at the bottom of the garden and a gate leading to the road.

PARKING & SOLAR SYSTEM The owners have created an off road parking space for a car with the added benefit of having an electric car charging point in place. Should you need further details on this, please ask. Additionally the property benefits from roof mounted solar panels facing SouthEast for the best solar gain. The owners enjoy low energy bills due to this.

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

£
£
£
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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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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

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  • 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

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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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