4 bedroom detached for sale

£475,000

4

Bedrooms

Floorplan

THE PROPERTY AND TOWN Stunning detached family home offering well proportioned accommodation which extends to around 1,600 square feet. Situated in a tucked away position within this ever popular cul de sac setting, the property has many notable features including a fabulous master bedroom with en-suite, high quality German kitchen with adjacent breakfast room, three reception rooms plus a sizeable, private and delightfully maintained rear garden. Personal inspection is the only way to fully appreciate the position and available living space of this much loved home.

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 railway 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

ENTRANCE HALL Accessed via a composite and glazed door. Stairs rising to the first floor, understairs storage cupboard, central heating radiator.

GUEST CLOAKROOM Comprising a suite in white of wash hand basin and W.C. Opaque double glazed window to the front elevation, tiled floor.

LOUNGE 12 10" excluding bay x 11 1" (3.91m excluding bay x 3.38m) With double glazed window to the front elevation, central heating radiator, feature marble effect fireplace incorporating a chrome edged living flame gas fire with matching hearth and mantle.

SNUG 10 6" x 8 5" (3.2m x 2.57m) With sliding double glazed doors to the conservatory. Central heating radiator.

KITCHEN 10 7" x 8 11" (3.23m x 2.72m) Beautiful, quality German kitchen installed by Ramseys of Long Eaton, comprising high gloss units at eye and base level with integrated storage systems and soft close doors. Franke stainless steel one and a quarter bowl sink unit with an extendable chrome mixer tap over. Integrated Neff appliances include electric fan assisted oven, combi microwave and warming draw, fridge, freezer and dishwasher. Inset spotlights to the ceiling, tiled floor and double glazed window overlooking the rear garden. Arch opening to the breakfast room.

BREAKFAST ROOM 17 9" x 7 1" (5.41m x 2.16m) Including further high gloss units with matching work surfaces. Integrated washing machine, dishwasher and wine cooler. Inset spotlights to the ceiling, central heating radiator, breakfast bar, additional seating area with double glazed French doors overlooking and opening to the rear garden. Double glazed window to the rear elevation, contemporary central heating radiator, tiled floor.

DINING AREA 11 8" x 7 6" (3.56m x 2.29m) With central heating radiator, tiled floor and glazed door giving access to the inner hallway.

CONSERVATORY 17 2" x 7 6" (5.23m x 2.29m) Being of double glazed unit construction. Double glazed French doors opening to the rear garden. Vinyl flooring.

FIRST FLOOR

LANDING With access to the roof space.

MASTER BEDROOM 17 10" x 16 3" (5.44m x 4.95m) Plus 710" x 7 2" (2.38m x 2.18m). This fabulous room Includes double glazed French doors with Juliet balcony, providing delightful views to the rear garden and beyond.Two double glazed windows to the front elevation, three central heating radiators. En-suite shower room leading off.

EN-SUITE SHOWER ROOM Enjoying a contemporary suite in white of vanity wash hand basin and W.C. Double width glazed enclosure with a flush fitted chrome mixer shower and lighting over. Ceramic tiled walls, mood lighting, inset spotlights to the ceiling, Chrome style wall mounted towel rail, feature slate effect flooring and double glazed window to the rear elevation.

BEDROOM TWO 11 5" x 10 3" (3.48m x 3.12m) Narrowing to 8 11". (2.71m). With double glazed window to the rear elevation, central heating radiator, a range of mirror fronted wardrobes. Built-in cubicle with glazed folding door, housing the Triton electric shower and Manrose extractor fan.

BEDROOM THREE 11 4" x 9 9" (3.45m x 2.97m) With double glazed window to the front elevation. Central heating radiator.

BEDROOM FOUR 7 11" x 7 10" (2.41m x 2.39m) With double glazed window to the front elevation. Central heating radiator.

FAMILY BATHROOM Comprising a contemporary suite in white of panelled bath, wash hand basin and W.C. Opaque double glazed window to the rear elevation, Chrome style towel rail, inset spotlights to the ceiling, airing cupboard.

OUTSIDE The property is located in a tucked away position within a cul-de-sac and has an extended block paved driveway providing off road parking for several vehicles. INTEGRAL GARAGE (16 8" x 9 6" 5.08m x 2.89m) with up and over door, side service door, light and power supplies. Covered storm porch with lantern lighting. Gates provide access to a side gravelled path which leads through to the rear garden. There is a private, good sized landscaped garden with a paved patio area, decked terrace with steps leading down to a further enclosed seating area. Shaped lawns with adjacent borders inset with a variety of mature trees and shrubs. Raised vegetable plots retained with timber sleepers. Green house and timber shed. There is also a small block paved patio at the end of the garden and space for refuse bin storage. External lighting, tap and power points.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £2,054.22

Total Interest: £264,518.34

Overall Total: £739,518.34

Amortization For Monthly Payment: £2,054.22 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£15,060.15 £9,590.46 £465,409.54 
2026£14,748.72 £9,901.90 £455,507.64 
2027£14,427.17 £10,223.45 £445,284.20 
2028£14,095.17 £10,555.44 £434,728.76 
2029£13,752.40 £10,898.21 £423,830.55 
2030£13,398.50 £11,252.11 £412,578.44 
2031£13,033.10 £11,617.51 £400,960.93 
2032£12,655.84 £11,994.77 £388,966.16 
2033£12,266.33 £12,384.28 £376,581.88 
2034£11,864.17 £12,786.44 £363,795.44 
2035£11,448.95 £13,201.66 £350,593.77 
2036£11,020.24 £13,630.37 £336,963.40 
2037£10,577.62 £14,072.100 £322,890.41 
2038£10,120.62 £14,529.100 £308,360.41 
2039£9,648.78 £15,001.84 £293,358.58 
2040£9,161.61 £15,488.100 £277,869.58 
2041£8,658.63 £15,991.98 £261,877.60 
2042£8,139.31 £16,511.30 £245,366.30 
2043£7,603.13 £17,047.48 £228,318.83 
2044£7,049.54 £17,601.07 £210,717.76 
2045£6,477.97 £18,172.64 £192,545.12 
2046£5,887.84 £18,762.77 £173,782.35 
2047£5,278.55 £19,372.06 £154,410.29 
2048£4,649.47 £20,001.14 £134,409.15 
2049£3,999.96 £20,650.65 £113,758.51 
2050£3,329.36 £21,321.25 £92,437.26 
2051£2,636.99 £22,013.62 £70,423.64 
2052£1,922.13 £22,728.48 £47,695.16 
2053£1,184.05 £23,466.56 £24,228.60 
2054£422.01 £24,228.60 £0.00 

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

£ 382,075

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 25,843

Cumulative Rental Profit

£ 258,426

Cost of Purchase

£ 25,825
  • Stamp Duty
    £ 11,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 11,875
  • 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

£ 31,157
  • Mortgage Interest
    £ 17,193

    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)
    £ 7,524
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,700
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 531,326
  • Final Equity Profit
    £ 272,900

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 258,426

    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

£ 773,725

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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