3 bedroom detached for sale

£250,000 Offers in excess of

3

Bedrooms

1

Bathrooms

THE PROPERTY AND VILLAGE Mature detached home that enjoys a tucked away location within a cul de sac setting. Accommodation includes entrance hall, lounge/diner, kitchen and conservatory. To the first floor, three good bedrooms and bathroom. Externally there are gardens to front and rear, off road parking and a garage.

Newbold Coleorton is a large hamlet in the parish of Worthington and situated in the North West Leicestershire district. Locally there is a Primary School, public house (the Cross Keys), and New Lount Nature Reserve). Further amenities are available in Ashby de la Zouch (4 miles), Castle Donington (8 miles) and Coalville (5 miles).

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL Accessed via a uPVC framed front door with inset opaque double glazed panel. Adjacent uPVC framed double glazed windows to front and side elevation, timber flooring with stairs rising to the first floor.

LOUNGE/DINER 24 8" x 11 1" (7.52m x 3.38m) With uPVC framed double glazed window to the front elevation. Multi fuel log burner. Aluminium framed sliding patio doors accessing the conservatory.

CONSERVATORY 10 5" x 9 4" (3.18m x 2.84m) Being of uPVC framed double glazed construction. Door accessing the rear garden.

KITCHEN 11 4" x 8 3" (3.45m x 2.51m) With a range of wall and base units providing work surface, storage and appliance space. One and a half bowl sink, four ring electric hob, electric oven/grill, plumbing for a washing machine. Central heating boiler. uPVC framed double glazed window to the rear elevation, door accessing the rear garden.

FIRST FLOOR

LANDING Opaque uPVC framed double glazed window to the side elevation. Access to the roof space.

BEDROOM ONE 13 6" x 11 6" (4.11m x 3.51m) With a uPVC framed double glazed window to the front elevation. Range of fitted wardrobes.

BEDROOM TWO 11 1" x 9 8" (3.38m x 2.95m) With a uPVC framed double glazed window to the rear elevation. Fitted wardrobes.

BEDROOM THREE 10 3" x 8 8" (3.12m x 2.64m) With dual aspect uPVC framed double glazed window to front and side elevations.

BATHROOM Comprising a suite in white of panelled bath, wash hand basin and W.C. Corner enclosure housing the electric shower. Opaque uPVC framed double glazed window to the rear elevation.

OUTSIDE A paved walkway gives way to a raised paved patio area enclosed by timber closed board panelling and facilitated by side gated access.Range of shrubs and further raised flower beds. To the front, a stone shingled driveway giving leading on to a well maintained lawn with a range of shrubs and enclosed by timber closed and fly board fence panelling.

Detached Garage - Accessed via a shared driveway.

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

£ 208950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 6250
  • 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

£ 21450
  • 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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