5 bedroom end of terrace for sale

£500,000

5

Bedrooms

Floorplan

THE PROPERTY AND VILLAGE Beautifully presented home of great character situated in the sought after village of Hemington. The subject property is the combination and conversion of two dwellings, subsequently providing accommodation extending to around 1,900 square feet over three levels which includes five double bedrooms, two bathrooms, two reception rooms and a breakfast kitchen. Externally there are immaculately maintained gardens and off street parking. Personal inspection is the only way to appreciate this highly individual home.

Hemington itself is positioned around ten and twelve miles South East of Derby and Nottingham respectively, enjoying a diverse range of property from period, thatched cottages to larger executive homes, with local amenities including the Jolly Sailor pub and the Primary School, both situated on Main Street. Additionally there is a farm shop offering fresh produce seven days a week, located at Home Fields farm on Rycroft Road in the village. The town of Castle Donington is located around one mile away, being accessible on foot, which has a high standard of amenities including shops, pubs, restaurants, doctors surgery, pharmacy and Post Office. For the commuter, the national motorway network, East Midlands Airport and Parkway railway station are all within easy reach from Hemington. Beyond the village fringe there is some lovely open countryside as you approach the neighbouring settlement of Lockington.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL With stairs rising to the first floor, central heating radiator, beamed ceiling.

SITTING ROOM 14 maximum x 12 2" (4.27m maximum x 3.71m) With uPVC framed double glazed window to the front elevation, central heating radiator, feature fireplace incorporating a living flame gas fire. Beamed ceiling.

DINING ROOM/LIVING ROOM 14 8" x 14 8" (4.47m x 4.47m) With multi paned double glazed windows to the side elevation, central heating radiator, beamed ceiling and access to the cellar. The cellar provides a most useful storage space, being divided into three compartments.

BREAKFAST KITCHEN 17 11" x 12 9" (5.46m x 3.89m) With an extensive range of units at eye and base level providing storage and appliance space. Solid granite work surfaces, two inset sink units with mixer tap over, integrated dishwasher, plumbing for washing machine, Smeg range cooker with a six ring gas hob and fan assisted electric oven. Wall mounted display units, uPVC framed double glazed picture window overlooking the rear garden, space for a dining table, central heating radiator, ceiling spotlight track, tiled floor, door opening to the rear garden.

FIRST FLOOR

LANDING With a beamed ceiling, window to the side elevation and a useful deep storage cupboard.

MASTER BEDROOM 18 1" x 11 11" (5.51m x 3.63m) This absolutely stunning room enjoys two uPVC framed double glazed windows to the front elevation and two central heating radiators.

BEDROOM TWO 14 1" x 10 8" (4.29m x 3.25m) With uPVC framed double glazed window to the rear elevation, central heating radiator.

BEDROOM FIVE 11 9" x 8 6" (3.58m x 2.59m) With multi paned double glazed window to the side elevation, central heating radiator, beamed ceiling.

FAMILY BATHROOM Comprising a suite of bath with central mixer tap and hand held shower attachment, his and hers wash hand basins, W.C. Walk in enclosure housing the mains fed shower. Opaque uPVC framed double glazed window to the side elevation, Chrome style heated towel rail, tiled floor and part tiled walls.

SECOND FLOOR

LANDING With uPVC framed double glazed window to the rear elevation, space for a work station, access to the roof space.

BEDROOM THREE 15 x 11 9" (4.57m x 3.58m) With uPVC framed double glazed window to the rear elevation, window seat with storage beneath. Central heating radiator. Built in wardrobes.

BEDROOM FOUR 12 1" x 11 11" (3.68m x 3.63m) With uPVC framed double glazed window to the front elevation. Central heating radiator.

SHOWER ROOM Comprising a contemporary suite in white of wash hand basin with storage beneath, W.C and bidet. Walk in enclosure housing the Aqualisa electric shower. Opaque uPVC framed double glazed window to the front elevation, Chrome style heated towel rail, tiled walls and floor.

OUTSIDE The property is set back from the pavement behind a low wall frontage and a delightful cottage garden with shaped lawn and stocked flower borders. To the rear an absolutely delightful garden including an area of patio for seating and extending out to provide space for Alfresco dining and the Masonary barbecue/fireplace which includes a tiled base with granite worktop and inset stainless steel sink unit. Beyond this a carefully maintained lawned garden plus stocked borders with a variety of flowers and shrubs, fruit trees and vegetable patch. There are double opening gates to the side, with potential to create additional parking. The rear boundary is adjacent to a selection of mature trees. There is a shared driveway to the side elevation which provides off street parking.

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

£ 415200

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
    £ 12500
  • 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

£ 40200
  • 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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