4 bedroom detached for sale

£270,000 Offers in excess of

4

Bedrooms

THE PROPERTY AND VILLAGE Well presented modern detached home that would ideally suit the family purchaser. The well proportioned accommodation includes entrance hall, living room, dining room, conservatory, kitchen, utility and guest cloakroom. To the first floor four good bedrooms (master with en-suite shower room) and main bathroom. Externally there is off road parking, integral garage and garden to both front and rear.

Castle Gresley is a village and civil parish about 1.75 miles southwest of the centre of Swadlincote in South Derbyshire. The village itself has an infants school and a small selection of shops whilst being readily accessible for adjoining Church Gresley and Swadlincote which offer a high standard and amenities. For the commuter Castle Gresley is served by a regular bus service, the A444 and A5111 providing access through to Burton on Trent and Ashby de la Zouch in addition to the M42 motorway.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL With stairs rising to the first floor, central heating radiator, laminate flooring.

LIVING ROOM 14 8" x 11 3" (4.47m x 3.43m) With double glazed bow window to the front elevation, two central heating radiators, central feature fireplace including a living flame gas fire, under stairs storage cupboard.

DINING ROOM 9 7" x 8 7" (2.92m x 2.62m) With double glazed double doors opening to the conservatory, central heating radiator, double doors to the living room.

CONSERVATORY 6 4" x 5 10" (1.93m x 1.78m) Constructed of UPVC framed double glazed units, with sliding doors opening to the rear garden. Laminate flooring.

KITCHEN 13 3" x 7 9" (4.04m x 2.36m) With 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 over, electric oven, space for fridge/freezer, double glazed window to the rear elevation, central heating radiator, tiled floor.

UTILITY ROOM 6 4" x 5 10" (1.93m x 1.78m) With single drainer sink unit, plumbing for washing machine, double glazed window to the rear elevation, central heating radiator, tiled floor, door opening to the side elevation.

GUEST CLOAKROOM Comprising a suite of wash hand basin and W.C. Opaque double glazed window to the side elevation, central heating radiator. Tiled floor.

FIRST FLOOR

LANDING With access to the roof space.

MASTER BEDROOM 12 2" x 10 1" (3.71m x 3.07m) With feature arched double glazed window to the front elevation, central heating radiator, in built wardrobes. En-suite shower room leading off.

EN-SUITE SHOWER ROOM Comprising a suite of wash hand basin and W.C. Walk in cubicle housing the mains fed shower, with rain shower fitting and hand held attachment. Opaque double glazed window to the side elevation, central heating radiator, tiled floor.

BEDROOM TWO 12 1" x 8 8" (3.68m x 2.64m) With double glazed window to the front elevation, central heating radiator, over stairs storage cupboard.

BEDROOM THREE 10 2" x 7 4" (3.1m x 2.24m) With double glazed window to the rear elevation. Central heating radiator.

BEDROOM FOUR 9 10" x 8 8" (3m x 2.64m) With double glazed window to the rear elevation. Central heating radiator.

BATHROOM Comprising a suite of panelled bath with electric shower over, wash hand basin and W.C. Opaque double glazed window to the rear elevation, central heating radiator, part tiled walls.

OUTSIDE The property is set well back from the road behind a lawned fore garden with adjacent driveway providing off road parking and leading through to the INTEGRAL GARAGE 17 5" x 8 3" with up and over door, side service door, wall mounted central heating boiler. To the rear is a good sized, enclosed garden with shaped lawn and an area of patio.

EPC Rating Band D

Council Tax Band D South Derbyshire District Council

Tenure Freehold

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

£ 225450

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
    £ 6750
  • 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

£ 22950
  • 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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