3 bedroom detached for sale

£350,000

3

Bedrooms

1

Bathrooms

Floorplan

FULL DESCRIPTION Martin&Co present this extended three bedroom detached family home located on Little Glen Road in Glen Parva. The area offers good access to Wigston and Blaby Town Centre, Fosse Park Shopping Centre and the motorway network.

The accommodation comprises: Entrance hall, cloakroom, lounge, fitted kitchen/diner, playroom and w/c on the ground floor. On the first floor are three bedroom, master with fitted wardrobes and the family bathroom with a bath and a shower cubicle. Outside is off road parking providing access to the garage to the front of the property and enclosed garden to rear. Early internal viewing is essential to avoid disappointment.

HALLWAY Providing ample space for your coats and shoes, hard flooring, radiator, access to a ground floor WC and a door to the lounge.

LOUNGE 12 2" x 12 11" (3.71m x 3.94m) With a double-glazed bay window to the front elevation, carpet flooring, chimney breast, TV point and a radiator. Door to the kitchen diner and stairs to the first floor.

KITCHEN/DINER 18 5" x 9 8" (5.61m x 2.95m) Dining Area
The property has double-glazed French doors to the rear elevation, hard flooring and a radiator.

Kitchen Area
A double-glazed window to the rear elevation, hard flooring, a sink and drainer unit with a range of wall and base units with work surfaces over, integrated fridge freezer, space for a free-standing cooker, space for a washing machine and dryer, extractor fan and door leading to the playroom.

PLAYROOM/OFFICE 7 6" x 16 2" (2.29m x 4.93m) With a double-glazed bay window to the rear elevation, carpet flooring, double glazed sliding doors to the side, fitted cupboard and a radiator.

WC 2 11" x 5 11" (0.89m x 1.8m) WC, wash hand basin, tiled splashback and hard floor.

LANDING Carpet flooring and doors to the bedrooms and the bathroom.

BEDROOM 9 0" x 12 10" (2.74m x 3.91m) With a double-glazed window to the rear elevation, built-in wardrobes, carpet flooring and a radiator.

BEDROOM 9 0" x 9 3" (2.74m x 2.82m) With a double-glazed bay window to the front elevation, carpet flooring and a radiator.

BEDROOM 9 3" x 9 10" (2.82m x 3m) With a double-glazed window to the rear elevation, carpet flooring and a radiator.

BATHROOM 9 3" x 5 11" (2.82m x 1.8m) A free standing bath, shower cubicle, wash hand basin and WC, part tiled walls and floor, a heated towel rail and a double glazed window to the front.

OUTSIDE Set back from the road, providing off road parking and giving access to the garage. Gated access to the sides leads to a mainly laid to lawn garden and a patio area providing an ideal outdoor sitting space.

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

£ 291450

Mortgage Loan to Value

%

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
    £ 8750
  • 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

£ 28950
  • 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

Adjust these figures

  %

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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