5 bedroom detached for sale

£450,000 OIRO

5

Bedrooms

THE PROPERTY Introducing this delightful standalone residence tucked away in an exclusive location of Lytham St Annes.

As you approach the charming Five-bedroom home, youll be greeted by a generously sized driveway enough for multiple vehicles necessary for every growing family in addition to ensuring there are ample parking spaces for all of your invited guests.

Once you step inside, youll find a spacious and welcoming entrance hallway graced with high ceilings and complimentary flooring. This hallway effortlessly flows into the front living room, featuring a charming fireplace and lovely views of the beautifully manicured gardens to the front aspect of the property. The neutral-toned wood flooring and excellent levels of natural light instil a sense of calm in this well-proportioned room.

The kitchen boasts a Stunning Dove Grey Modern Streamline fitted cabinetry with contrasting Quartz Black Granite worktops. There is an abundance of counter space and storage as well as room for all your high-end Bosch appliances, in addition to a fully fitted Hob integrated into the Island with Griddle & Extractor fan. The kitchen is open plan to the Dining Room/ Lounge enjoying a seamless connection to open plan family living with a Vaulted pitched ceiling with multiple Velux windows allowing the external light to shine through. This is an idyllic space for enjoying meals with family and friends Be it a cosy night in, or dining alfresco, you wont be disappointed by the exceptionally social patio area. Wherever you choose to eat, youll be wining and dining your family and friends in comfort and style.

Youll find yourself spoilt for choice as this thoughtfully designed home enjoys additional rooms on the ground floor with a fully fitted utility area and a substantial-sized home office ideal for any working-from-home parents or a fantastic Study area for the aspiring students of the family.

There are two Spacious Bedrooms on the Ground floor in the newly extended part of this family home offering luxury sleeping quarters offering a peaceful and tranquil space. Facilitating these two bedrooms there is a Modern shower room also on this floor. The situation of these bedrooms and washing facilities really could have multiple uses and could be converted into a granny flat, teenage living space or guest quarters the choices are endless and really could fit into any lifestyle.

Upstairs, youll find three further light and airy spacious double bedrooms one with en suite facilities and beautiful garden views and room for all of your furniture. Nestled between these bedrooms is a large Family bathroom with a four-piece suite. Natural light floods the room through the large windows, creating a soothing ambience for a calming retreat for those relaxing weekends.

The front and rear gardens are simply breathtaking. The mature trees and shrubs are like a garlands wrapping themselves around the front garden. To rear through to the bi-fold patio doors you find a hidden patio oasis, bringing both tranquility and practicality all year round.

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

£ 373950

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
    £ 11250
  • 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

£ 36450
  • 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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