3 bedroom detached for sale

£295,000 Offers in excess of

3

Bedrooms

Floorplan

THE PROPERTY AND TOWN Immaculately presented detached home situated within the ever popular Charters Gate development. This most carefully maintained and enhanced property has accommodation including entrance hall with guest cloakroom, lounge and impressive dining kitchen. To the first floor three bedrooms (master with en-suite shower room) and bathroom. Externally the property has well tended and easily maintainable gardens, driveway and a detached garage.

Castle Donington itself is a vibrant location with a high standard of amenities including shops, post office, doctors surgery, pharmacy, super markets, pubs and restaurants. For the commuter East Midlands airport, Parkway railway station and the national motorway network are all readily accessible as are the centres of Nottingham, Derby and Leicester via the 24 hour running Skylink bus service.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL Accessed via a composite and glazed door. With stairs rising to the first floor, central heating radiator.

GUEST CLOAKROOM Comprising a suite in white of wash hand basin and W.C. central heating radiator, wall mounted storage cupboard.


LOUNGE 17 8" x 10 (5.38m x 3.05m) With feature bay to the side elevation, uPVC framed double glazed windows to front, side and rear elevations, two central heating radiators, wall mounted Evonic Bergen Fire Suite remote controlled electric fire. Quality LVT flooring.

DINING KITCHEN 17 8" x 7 8" (5.38m x 2.34m) Widening to 14 11 ( 4.56m). Including a range of units at eye and base level providing work surface, storage and appliance space. One and a quarter bowl sink unit with mixer tap over. Four ring hob with extractor hood over, electric oven, integrated dishwasher and washing machine. Concealed wall mounted Potterton central heating boiler, understairs storage cupboard with space for a condenser tumble dryer. Central heating radiator, uPVC framed double glazed window at two elevations, uPVC framed double glazed doors opening to the garden. Downlighters.

FIRST FLOOR

LANDING With uPVC framed double glazed window to the side elevation. Central heating radiator.


MASTER BEDROOM 11 3" x 8 9" (3.43m x 2.67m) With uPVC framed double glazed window to the front elevation. Central heating radiator.

EN-SUITE SHOWER ROOM Comprising a suite in white of wash hand basin and W.C. Walk in cubicle housing the mains fed shower. Opaque uPVC framed double glazed window to the front elevation, Chrome style heated towel rail, downlighters.

BEDROOM TWO 11 2" x 10 2" (3.4m x 3.1m) With uPVC framed double glazed window to front and side elevations. Central heating radiator.

BEDROOM THREE 8 5" x 6 1" (2.57m x 1.85m) With uPVC framed double glazed window to the side elevation. Central heating radiator.

BATHROOM Comprising a suite in white of panelled bath with mains fed shower over, wash hand basin and W.C. Opaque uPVC framed double glazed window to the rear elevation, Chrome style heated towel rail, downlighters.

OUTSIDE The property is situated on a meticulously maintained plot, set back from the pavement behind attractively stocked borders. The garden, which sits to the side of the property, has wall and fence boundaries and is designed for easy maintenance, including two areas of flagstone patio, well stocked borders and pergola to the side of the garage. Gated access to the side driveway which leads through to the DETACHED GARAGE 19 x 9 11 (5.79m x 3.02) with up and over door, light and power supplies.

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

£ 246075

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
    £ 7375
  • 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

£ 24825
  • 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

Adjust these figures

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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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