4 bedroom town house for sale

£475,000 Guide Price

4

Bedrooms

2

Bathrooms

Floorplan

Martin & Co are delighted to offer FOR SALE this rarely available CHAIN FREE 4 BED 2 BATH townhouse in prime location with scope to update/extend. Offering spacious versatile accommodation over 3 floors. GARAGE en bloc and ample off road parking. Gas central heating and garden mainly laid to lawn.

ACCOMMODATION COMPRISES: Storm porch and door opening to:

ENTRANCE HALL: 15 09' x 7 03' (4.8m x 2.21m) Stairs rising to first floor with cupboard under. Radiator. Alarm sensor pad.

CLOAKROOM: 8 00' x 2 08' (2.44m x 0.81m) WC and wall hung hand basin. Window to rear aspect. Radiator.

KITCHEN/DINER: 15 04' x 14 04' (4.67m x 4.37m) Range of kitchen units with worktop and inset double sink with drainer and mixer tap. Space for slot in cooker. Space/plumbing for washing machine, dishwasher, fridge/freezer and tumble dryer. Window to rear aspect with half glazed door opening to garden.

DINING ROOM/RECEPTION: 17 10' x 10 09' (5.44m x 3.28m) Window with secondary glazing to front aspect. Radiator.

FIRST FLOOR LANDING AREA: 14 02' x 6 10' (4.32m x 2.08m) Large integral airing cupboard housing water cylinder. Stairs rising to second floor.

LIVING ROOM: 18 06' x 17 11' (5.64m x 5.46m) Minimum 8 04' (2.54m. Two windows with secondary glazing to front aspect. Two radiators. Decorative fireplace surround.


BEDROOM: 13 10' x 11 01' (4.22m x 3.38m) Window to rear aspect. Radiator. Door to:

ENSUITE: 6 00' x 5 11' (1.83m x 1.8m) Fully tiled with WC and wash basin with pedestal. Bath with mixer tap/shower attachment. Tiled flooring. Heated towel rail. Window to rear aspect.

SECOND FLOOR LANDING: 14 02' x 6 10' (4.32m x 2.08m)

BEDROOM: 17 10' x 11 01' (5.44m x 3.38m) Window with secondary glazing to front aspect. Radiator.

BEDROOM: 14 07' x 11 01' (4.44m x 3.38m) Window to rear aspect. Radiator.

BEDROOM: 10 10' x 7 10' (3.3m x 2.39m) Window with secondary glazing to front. Radiator.

BATHROOM: 8 06' x 6 11' (2.59m x 2.11m) Bath with mixer tap/shower attachment. WC and wash basin with pedestal. Radiator. Window to rear aspect.

OUTSIDE: 17 10' x 10 01' (5.44m x 3.07m) Shared gravel driveway to front with parking and GARAGE (en bloc) to rear of property: 17 10' x 10 01' (5.44m x 3.07m) with up and over door, power and light. Rear garden is mainly laid to lawn with patio and planted borders.

ADDITIONAL INFORMATION: Council Tax Band: E (approx. per annum)
Local Authority: West Suffolk Council
Mains water, gas, electricity and drainage connected
Offered with vacant possession upon completion - CHAIN FREE

ENERGY PERFORMANCE RATING: A full copy of the report can be obtained from the Sales Agent or from:


VIEWING ARRANGEMENTS: Strictly by appointment with the Sales Agent Martin & Co. Please call to arrange a viewing.

LOCATION: Newmarket is a popular town with range of amenities, schools, recreational facilities, bars and restaurants. It has two racecourses, The Rowley Mile and The July Course, and is hosts many racing events throughout the year. It has a train station with easy transport links to London, Cambridge, Bury St Edmunds and further afield.

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

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 11875
  • 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

£ 38325
  • 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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