3 bedroom villa for sale

£285,000

3

Bedrooms

PROPERTY DESCRIPTION This former family home is now looking for a new owner to sympathetically modernise the home while retaining many of the original features. The Minton tile floor welcomes you in the ground floor accommodation which is made up of six room. On the second floor the attic, cleverly concealing a storage room and additional storage is an ideal space for a growing family to enjoy. Offering three further bedrooms and first floor bathroom and ground floor shower room, this home is ideal for a family to enjoy. The outdoor space is a mature well established garden to the rear, enclosed by red brick wall, with a welcoming front garden space to create a warm and welcoming garden to your family and guests. Available with no upward chain. this home has so much to offer and should be viewed to be appreciated.

FRONT GARDEN A low wall garden with planted area and pathway leads to stone steps gives entrance to the home.

INNER HALLWAY Access to the home is via a wooden door with glazed inset panels and overhead skylight window. The Minton tiled floor leads to sitting room and dining room with stairs to the first floor accommodation and further access to the breakfast room.

LOUNGE 14 10"" x 10 7"" (4.52m x 3.23m) A generous lounge with walk in bay window giving views to the front aspect of the home.

DINING ROOM 11 9"" x 11 0" (3.58m x 3.35m) Offering views to the rear aspect, fireplace and convenient under stairs storage cupboard.

OTHER/BREAKFAST ROOM 14 0"" x 8 10"" (4.27m x 2.69m) Offering views to the side aspect and further access to the kitchen.

KITCHEN 9 0" x 6 0" (2.74m x 1.83m) A selection of cabinets at base and eye level. with views to the side aspect and inset sink.

UTILITY ROOM 7 8"" x 5 2"" (2.34m x 1.57m) A small window gives ambient light via a high rise window with convenient pedestrian door to the rear garden.

GROUND FLOOR SHOWER ROOM 6 11"" x 4 3"" (2.11m x 1.3m) A shower room completes the ground floor accommodation with vanity style handwash facilities., low level WC and tiling to splash prone areas. There is a shower cubicle and wall mounted electric shower.

FIRST FLOOR ACCOMMODATION

PRINCIPLE BEDROOM 14 9"" x 12 10"" (4.5m x 3.91m) Offering views to the front of the home.

BEDROOM TWO 11 7"" x 9 1"" (3.53m x 2.77m) Offering views overlooking the rear aspect and decorative inset fireplace.

BATHROOM 5 10"" x 5 10"" (1.78m x 1.78m) In brief comprises; Side panel bath, low level WC and pedestal wash hand basin.

BEDROOM THREE 17 5" " x 9 0"" (5.31m x 2.74m) The third bedroom offers views to the rear aspect of the home

SECOND FLOOR

ATTIC ROOM 14 5"" x 14 10" " (4.39m x 4.52m) A generous bedroom with window to the rear aspect convenient divided to create storage areas, utilised by the former owner as a workshop/craft room

ATTIC STORAGE 12 10" " x 15 2"" (3.91m x 4.62m) With some head height restriction into the eaves, this area provides generous storage.

STORAGE ROOM 8 7"" x 5 2"" (2.62m x 1.57m) The room has been portioned from within the loft space to create a storage area with an entrance door and shelving.

REAR GARDEN The red brick walled garden is a wilderness of mature plants, trees and shrubs creating a natural garden for local wildlife. Alternatively creating a tiered garden space for an avid gardener to enjoy creating a garden to complement this family home.

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

£ 237825

Mortgage Loan to Value

%

Gross Yield

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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
    £ 7125
  • 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

£ 24075
  • 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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