5 bedroom detached for sale

£650,000

5

Bedrooms

DESCRIPTION A stunning detached five bedroomed family home which benefits from a large rear garden with a heated swimming pool, a decked sunbathing terrace, and a cabin bar. This beautiful home has spacious light and bright accommodation, an integral garage and parking for multiple vehicles. The property also benefits from double glazing, under floor heating on the ground floor and radiators on the first floor.

The Laurels was designed and built in 2011 with space and comfort in mind. The ground floor has a large living room with a wood burning stove, a separate dining room and a very attractive kitchen with wooden worktops and an island unit. Also on the ground floor is a bedroom, utility room, cloakroom and access to the integral garage.

On the first floor you will find the master bedroom with a dressing room and en-suite facilities, the family bathroom with a jacuzzi bath and a double shower enclosure, and three further bedrooms.

The rear garden is perfect for relaxing and entertaining as it benefits from a large paved patio, a level lawned garden and the aforementioned swimming pool and cabin bar.


ENTRANCE HALL Stairs rising to the first floor, two understairs storage cupboards.

LIVING ROOM 18 6" x 17 7" (5.64m x 5.36m) Fireplace with a wood burning stove, double glazed French doors opening on to the rear garden and to the front, Double glazed window to the front, two double glazed windows to the side, door to ground floor bedroom/study.

KITCHEN/BREAKFAST ROOM 18 2" x 11 1" (5.54m x 3.38m) A wonderful family kitchen with attractive cream base and wall units, inset sink, wooden worktops, island unit, built in oven, inset hob with an extractor over, integrated dishwasher, space for a large upright fridge/freezer, double glazed French doors to the garden, double glazed window to the rear.

LAUNDRY ROOM 9 1" x 6 8" (2.77m x 2.03m) Worktop with space under for a washing machine and tumble dryer, wall unit above, door to the rear garden, pedestrian door to the garage and door to the cloakroom.

CLOAKROOM WC, pedestal wash hand basin, double glazed obscured window, extractor fan.

DINING ROOM 17 9" x 10 0" (5.41m x 3.05m) Double glazed window to the front, space for a large dining table, built in bar.

BEDROOM FOUR/STUDY 10 11" x 7 4" (3.33m x 2.24m) Double glazed window over-looking the rear garden.

LANDING Access to the loft, built in cupboard, double glazed window, radiator.

MASTER BEDROOM 17 10" x 11 4" (5.44m x 3.45m) Master bedroom en-suite, double aspect with double glazed windows to the front and rear, two radiators, door to the walk in dressing room, door to en-suite.

ENSUITE 7 2" x 6 8" (2.18m x 2.03m) Tiled shower enclosure with a mains fed shower, WC, vanity wash hand basin with a cupboard and drawers below, heated towel rail, extractor fan, double glazed obscured window.

DRESSING ROOM 6 8" x 6 4" (2.03m x 1.93m) Fitted open wardrobe with hanging rails, double glazed window, radiator.

BEDROOM TWO 14 5" x 9 5" (4.39m x 2.87m) Double glazed window over-looking the rear garden, radiator

BEDROOM THREE 14 5" x 9 6" (4.39m x 2.9m) Double glazed window to the front, radiator.

BEDROOM FIVE 11 0" x 5 0" (3.35m x 1.52m) Double glazed window to the front, radiator.

BATHROOM 11 2" x 7 10" (3.4m x 2.39m) Jacuzzi bath, tiled shower enclosure with a mains fed shower, vanity wash hand basin with a cupboard and drawer below, WC, heated towel rail, extractor fan, tiled floor, double glazed obscured window.

REAR GARDEN A wonderful feature of the property is the rear garden which offers a high degree of privacy and has been designed for the purpose of relaxing, sun bathing and outside entertaining. The garden has a large lawn and a heated swimming pool, along with a decked sunbathing terrace and a large patio for entertaining. At the bottom of the garden is the cabin bar complete with seating and a built in bar. There is gated access to the front, along with a timber shed housing the eco pump for the swimming pool. At the side of the property is the oil storage tank.

CABIN BAR 15 1" x 9 5" (4.6m x 2.87m) A lovely detached cabin with a built in bar and built in seating, along with power and light. A great place to sit and enjoy rain or shine, day or night.

PARKING At the front of the property there is access to the integral garage, along with a large gravelled parking and turning area suitable for multiple vehicles including caravans, motor homes and cars.

INTEGRAL GARAGE 16 8" x 12 6" (5.08m x 3.81m) Spacious garage with an electric door, power and light.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,811.03

Total Interest: £361,972.46

Overall Total: £1,011,972.46

Amortization For Monthly Payment: £2,811.03 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£20,608.63 £13,123.79 £636,876.21 
2026£20,182.45 £13,549.96 £623,326.25 
2027£19,742.44 £13,989.98 £609,336.27 
2028£19,288.13 £14,444.28 £594,891.99 
2029£18,819.08 £14,913.34 £579,978.65 
2030£18,334.79 £15,397.63 £564,581.02 
2031£17,834.77 £15,897.64 £548,683.38 
2032£17,318.52 £16,413.90 £532,269.49 
2033£16,785.50 £16,946.91 £515,322.57 
2034£16,235.18 £17,497.24 £497,825.34 
2035£15,666.98 £18,065.44 £479,759.90 
2036£15,080.33 £18,652.08 £461,107.82 
2037£14,474.63 £19,257.78 £441,850.03 
2038£13,849.26 £19,883.15 £421,966.88 
2039£13,203.59 £20,528.83 £401,438.05 
2040£12,536.94 £21,195.47 £380,242.58 
2041£11,848.65 £21,883.76 £358,358.82 
2042£11,138.01 £22,594.41 £335,764.41 
2043£10,404.29 £23,328.13 £312,436.29 
2044£9,646.74 £24,085.67 £288,350.62 
2045£8,864.60 £24,867.82 £263,482.80 
2046£8,057.05 £25,675.37 £237,807.43 
2047£7,223.28 £26,509.13 £211,298.30 
2048£6,362.44 £27,369.98 £183,928.32 
2049£5,473.64 £28,258.78 £155,669.54 
2050£4,555.97 £29,176.44 £126,493.09 
2051£3,608.51 £30,123.90 £96,369.19 
2052£2,630.28 £31,102.13 £65,267.05 
2053£1,620.29 £32,112.13 £33,154.92 
2054£577.49 £33,154.92 £0.00 

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

£ 526,450

Mortgage Loan to Value

81%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 35,474

Cumulative Rental Profit

£ 354,738

Cost of Purchase

£ 38,950
  • Stamp Duty
    £ 20,000

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 16,250
  • 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

£ 42,526
  • Mortgage Interest
    £ 23,690

    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)
    £ 10,296
  • Letting Fee
    £ 240
  • Maintenance
    £ 7,800
  • 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

£ 724,569
  • Final Equity Profit
    £ 369,832

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 354,738

    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

£ 1,058,782

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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