5 bedroom detached for sale

£425,000 Offers in excess of

5

Bedrooms

Floorplan

THE PROPERTY AND TOWN Much improved and extended detached family home situated in this highly regarded location within Castle Donington. Accommodation briefly comprises entrance hall, bedroom 5/study with adjacent wet room, lounge, fabulous living/ding kitchen, utility. To the first floor, four bedrooms (master with en-suite) and the main family bathroom. Externally there is off road parking, to the rear a good sized, private garden.

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 railways 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.

GROUND FLOOR

ACCOMMODATION

ENTRANCE HALL Accessed via a composite entrance door. With stairs rising to the first floor, central heating with cover, quality flooring.

BEDROOM FIVE/STUDY 8 11" x 8 3" (2.72m x 2.51m) With uPVC framed double glazed window to the front elevation, central heating radiator, fitted wardrobes, quality flooring. En-suite wet room leading off.

WET ROOM Comprising a suite in white of wash hand basin, with storage beneath, W.C. Mira Advance shower, electric wall heater.

LOUNGE 12 9" x 12 3" (3.89m x 3.73m) Including a uPVC framed double glazed window to the front elevation, central heating radiator, double doors opening to the kitchen.

LIVING/DINING KITCHEN 25 x 16 1" (7.62m x 4.9m) This fabulous area includes both living space and will accommodate a dining table. The kitchen has a range of units at eye and base level providing work surface, storage and appliance space. The kitchen has an extensive range of units providing work surface, storage and appliance space. Inset Belfast style sink unit with mixer tap over, space for a Range style cooker with extractor hood over, integrated fridge/freezer and dishwasher, two central heating radiators with covers. uPVC framed double glazed window to the rear elevation, Bi-fold doors opening to the rear garden, uPVC framed double glazed door opening to the side elevation.

UTILITY With plumbing for a washing machine.

FIRST FLOOR

LANDING With access to the roof space.

MASTER BEDROOM 12 3" x 9 5" (3.73m x 2.87m) 10 9" to wardrobes. With uPVC framed double glazed window to the front elevation, central heating radiator, fitted wardrobes. En-suite shower room leading off.

EN-SUITE SHOWER ROOM Comprising a suite in white of sink unit with storage beneath, 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, vinyl flooring.

BEDROOM TWO 13 2" x 8 3" (4.01m x 2.51m) With uPVC framed double glazed window to the rear elevation, central heating radiator, in built wardrobe.

BEDROOM THREE 12 9" x 8 3" (3.89m x 2.51m) With uPVC framed double glazed window to the front elevation, central heating radiator, in built wardrobe.

BEDROOM FOUR 11 7" x 9 6" (3.53m x 2.9m) With uPVC framed double glazed window to the rear elevation. Central heating radiator.

BATHROOM Comprising a suite in white of panelled bath with a mains fed shower over, wash hand basin and W.C. Opaque uPVC framed double glazed window, central heating radiator.

OUTSIDE The property is set back from the pavement behind a block paved driveway, adjacent to this an area of garden. To the rear a good sized and private garden with an area of paving, beyond this laid to lawn and enclosed by fenced surround.

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

£ 353325

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
    £ 10625
  • 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

£ 34575
  • 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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