3 bedroom detached for sale

£395,000 Guide Price

3

Bedrooms

3

Bathrooms

Floorplan

THE ACCOMODATION COMPRISES OF:

HALLWAY leading to the stairs, cloakroom, lounge and kitchen. It has 1 x vertical designer radiator, under stairs cupboard, built-in coat cupboard, laminate wood effect flooring, 2 x double glazed windows, composite front door, recessed lighting

LOUNGE 13 5" x 11 9" (4.112m x 3.586m) open plan with the kitchen diner, this room has 1 x designer vertical radiator, patio door set to the garden, wooden flooring, recessed dimmable lighting, TV point

KITCHEN/DINER 10 9" x 10 2" (3.291m x 3.118m) open plan to the lounge this area has been fitted out with a good range of grey wood effect cupboards and a Minerva solid surface worktop incorporating a large breakfast/dining bar, grey granite bowl and a half sink with mixer tap, built-in Bosch fridge freezer, built-in Bosch dishwasher, Siemens extractor fan unit, Siemens induction hob, electric single oven, space for a wine cooler, wooden flooring, recessed lighting and 2 x feature pendant lights over the breakfast/dining bar, 1 x double glazed window, 1 x designer vertical radiator

UTILITY ROOM 7 4" x 7 1" (2.245m x 2.178m) with a range of grey finished cupboard, 1 x door to the garden, cupboard containing the boiler and the unvented water cylinder, 1 x radiator, space for washing machine and dryer, vinyl flooring

CLOAKROOM 6 9" x 2 11" (2.061m x 0.893m) with WC suite, vanity had wash basin with Minerva solid surface surround and splashback, 1 x radiator, extract fan unit, tiled flooring,

STAIRS AND LANDING leading to the 3 bedrooms and the family bathroom, 1 x double glazed window, carpet flooring

MASTER BEDROOM 10 11" x 9 9" (3.331m x 2.995m) with 1 x double glazed window, decorative light fitting, 1 x radiator, carpet flooring, built-in mirror fronted double wardrobe, door leading to the ensuite bathroom

ENSUITE with WC suite, vanity basin, shower cubicle, mirrored bathroom cabinet, 1 x chrome heated towel rail, recessed lighting, shaver point, extractor fan unit, vinyl flooring

BEDROOM 2 9 10" x 9 3" (3.013m x 2.843m) with 1 x double glazed window, 1 x radiator, carpet flooring, TV point, built-in mirror fronted double wardrobe

BEDROOM 3 8 1" x 7 11" (2.477m x 2.427m) with 1 x double glazed window, 1 x radiator, carpet flooring, built-in cupboard/wardrobe with tv point and power outlet inside

FAMILY BATHROOM 7 10" x 5 4" (2.404m x 1.647m) with P shaped shower bath, shower over and a pivoting shower screen, WC suite, vanity hand wash basin, chrome heated towel rail and radiator, 1 x double glazed window, recessed lighting, illuminated wall mounted mirror, shaver point, wooden flooring, extractor fan unit

GARAGE single garage with up and over door, power and lighting inside, parking in front of the garage with additional parking for a further 2 cars on the gravel area

FRONT GARDEN laid out mainly with a gravel covering, some small mature shrub beds

REAR GARDEN with raised flower beds, mature shrub borders, central lawn area, good sized patio areas, wooden garden shed, 2 x wooden gates to the front garden areas,outside tap, overlooking woodland and fields behind.

ADDITIONAL INFORMATION The boiler and heating system has been sized for the additional loading for an extension under a permitted development basis.
The property has been rewired and re-plastered throughout.
Council Tax 1966.80 (band D 2022-2023)
Freehold sale
Vacant possession
Mains water, sewerage, gas and electricity.

VIEWINGS these are strictly by appointment with the agent, Martin and Co, who can be contacted on

LOCATION The property is located in a sought after area on the south side of Newmarket with access to a good rated nursery and primary school, described as a "friendly, happy and safe place" during a recent Ofsted inspection.

The town of Newmarket is the capital of Horse racing and has many historic connections and is situated on the Suffolk/Cambridgeshire border and has good communication links via the A14/A11/A10 trunk roads. The A11 trunk road leads on to M11 motorway to London and Cambridge. It also has a train station connection to Cambridge and Ipswich. From Cambridge station it has connections to London and Peterborough (and onward to the North).

There are lots of employment opportunities with a business park, industrial park and office complexes.

The town has many retail units (national, regional and local) plus a Tesco, Aldi and Waitrose supermarket plus other food stores.There are a number of primary schools, secondary academy college, a leisure centre with a swimming pool, numerous gym/health clubs, a golf club on the outskirts. There are numerous restaurants, public houses and take-a-away outlets to suit all tastes.

Features
  • Freehold

Nearest Stations:

2.07 miles
Kennett
6.19 miles
Newmarket
9.2 miles
Dullingham
9.28 miles
Shippea Hill
9.74 miles
Bury St.Edmunds

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

%

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
    £ 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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