4 bedroom link detached house for sale

£525,000 Offers in excess of

4

Bedrooms

Floorplan

THE PROPERTY AND VILLAGE Absolutely stunning home, previously two farmworkers cottages that were demolished in 2006 and subsequently rebuilt using reclaimed brick, thus providing the appearance of a period property, yet enjoying all the facilities that a modern dwelling offers. Notable features include four bedrooms, master with en-suite, three reception rooms, a fabulous living/dining kitchen and detached double garage with space above, ideal for a home office or hobbies room. Allied to this all windows and external doors were replaced in 2023, a new boiler installed during 2020, plus the property enjoys zonal controlled underfloor heating on the ground floor. Personal inspection is the only way to fully appreciate this exceptional property.

Oakthorpe itself is a peaceful and quiet village of around 1,000 inhabitants, situated in North West Leicestershire, with amenities including a leisure centre, primary school (OFSTED rating good), general store and fish bar. For the commuter, the A42 is readily accessible, providing access to the national motorway network, Birmingham, Nottingham and Leicester being circa 28, 25 and 20 miles away respectively).

ACCOMMODATION

GROUND FLOOR

RECEPTION HALL Accessed via a composite entrance door and including an oak staircase rising to the first floor. uPVC framed double glazed window, storage cupboard and slate flooring. The property enjoys zonal underfloor heating throughout the ground floor.

LOUNGE 14 6" x 11 8" (4.42m x 3.56m) With uPVC framed double glazed french doors opening to the courtyard garden. uPVC framed double glazed window to the side elevation. feature exposed brick fireplace incorporating a multifuel burning stove. Slate flooring.

SNUG 11 8" x 10 3" (3.56m x 3.12m) With uPVC double glazed window at two elevations. Slate flooring.

SITTING ROOM 12 3" x 11 9" (3.73m x 3.58m) With uPVC framed double glazed window at two elevations, period fireplace and slate flooring.

LIVING / DINING KITCHEN 25 2" x 11 5" (7.67m x 3.48m) This fabulous space includes a range of bespoke units providing work surface storage and appliance space. Space for a range cooker with extractor fan over, Belfast style sink unit, integrated fridge freezer and dishwasher. Exposed roof trusses, uPVC framed french doors opening to the courtyard garden, uPVC framed double glazed window, three sets of roof lights, slate flooring.

FIRST FLOOR

LANDING With oak flooring, central heating radiator and storage cupboard.

MASTER BEDROOM 10 11" x 9 4" (3.33m x 2.84m) With uPVC framed double glazed window, central heating radiator, oak flooring and inbuilt wardrobe.

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

BEDROOM TWO 12 3" x 10 3" (3.73m x 3.12m) With uPVC framed double glazed window at two elevations, central heating radiator, oak flooring, two fitted wardrobes either side of the chimney breast.

BEDROOM THREE 11 8" x 10 3" (3.56m x 3.12m) With uPVC framed double glazed window, central heating radiator, oak flooring.

BEDROOM FOUR 7 9" x 7 5" (2.36m x 2.26m) With uPVC framed double glazed window, central heating radiator, oak flooring.

FAMILY BATHROOM This spacious room includes a suite in white of free standing bath with shower attachment off mixer tap, vanity wash hand basin and W.C. Corner walk in cubicle housing the mains fed power shower. Opaque uPVC framed double glazed window, heated towel rail, oak flooring.

OUTSIDE The property is set back from the road behind a picket fence and an area of synthetic grass. Adjacent to this is ample off road parking, which leads through to the DETACHED DOUBLE GARAGE 17 7" narrowing to 16 11" by 15 10" (5.36m x 5.16m x 4.83m) with two sets of double doors, light and power supplies and staircase rising to the upper floor HOME OFFICE/HOBBIES ROOM, completed in 2023 and including roof lights, portal window, power supply and pipework for water and drainage. The vendor advises us that previously there was planning permission to run a business from the upper floor, although this has now lapsed. Beyond this there is a delightful courtyard garden which is extremely private and also includes two really useful outbuildings. ideal for storage and potential to develop for a home gym or similar. The LPG gas tank is discretely hidden by synthetic lawn, adjacent to the front driveway.

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

£ 435825

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

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
    £ 13125
  • 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

£ 42075
  • 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.

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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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