4 bedroom detached for sale

£495,000 Offers in excess of

4

Bedrooms

Floorplan

THE PROPERTY AND VILLAGE Mature detached family home that dates to 1952, being situated on an elevated garden plot that extends to 0.19 of an acre. The property benefits from a loft conversion and has accommodation that includes entrance hall with guest cloakroom, good sized lounge, separate dining room, kitchen and utility room. The upper floors include four bedrooms and a family bathroom. Externally there are gardens to front and rear, off road parking and garage.

Kegworth is a popular village situated on the A6 near junction 24 of the M1 motorway and is conveniently located for East Midlands Airport and Parkway railway station. The village is served by a primary school and has further amenities including a supermarket, butcher, pharmacy, doctors surgery, post office and delicatessen.There are pubs, restaurants and takeaway food outlets. Kegworth has thriving sports clubs including the Kegworth Imperial football team plus cricket and bowls.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL With stairs rising to the first floor, secondary glazed leaded windows to front and side elevation, central heating radiator, parquet floors.

GUEST CLOAKROOM Comprising a suite in white of wash hand basin with storage beneath, W.C. Opaque window to the side elevation, central heating radiator, tiled floor.

LOUNGE 19 10" x 12 5" (6.05m x 3.78m) This impressive and bright room includes double glazed windows to both front (with a window seat) and side elevations, central heating radiator, feature fireplace and parquet flooring.

DINING ROOM 14 6" x 12 5" (4.42m x 3.78m) With double glazed patio door opening to the rear garden, central heating radiator, multi paned double doors through to the lounge.

KITCHEN 12 10" x 12 5" (3.91m x 3.78m) Having been upgraded by the current vendor around five years ago, including a range of units providing work surface, storage and appliance space. Rangemaster cooker with an extractor hood over, inset sink unit, contemporary central heating radiator, wood grain effect flooring, double glazed window to front and rear elevations.

UTILITY ROOM 9 8" x 8 10" (2.95m x 2.69m) Including plumbing for washing machine, wall mounted central heating boiler, opaque double glazed window to the rear elevation, quarry tiled floor, service door to the garage.

FIRST FLOOR

LANDING With secondary glazed leaded window to the side elevation, storage cupboard and stairs rising to the second floor.

MASTER BEDROOM 18 10" x 12 5" (5.74m x 3.78m) This spacious room includes double glazed window to front and side elevations, central heating radiator and a range of fitted bedroom furniture.

BEDROOM TWO 12 5" x 11 5" (3.78m x 3.48m) With double glazed window to rear and side elevations. Central heating radiator.

BEDROOM THREE 8 9" x 6 11" (2.67m x 2.11m) Currently utilised as a home office. With window to the side elevation, central heating radiator, storage cupboard.

BATHROOM With a suite in white of panelled bath, wash hand basin and W.C. Walk in cubicle housing the Mira electric shower. Opaque uPVC framed double glazed window to the rear elevation, Chrome style heated towel rail, downlighters.

SECOND FLOOR

LANDING With double glazed window to the side elevation.

BEDROOM FOUR 15 11" x 11 5" (4.85m x 3.48m) With restricted head height in part due to the pitch of the ceiling. Velux roof lights, fitted wardrobe and electric panel heater. Additional storage space leading off. The current vendor has previously investigated having a shower fitted in the bedroom, which is feasible.

OUTSIDE The property is situated on an elevated and impressive garden plot extending to 0.19 of an acre. To the front an area of lawn which is enclosed and enjoys a good level of privacy. Adjacent to this is the driveway which provides off street parking and leads through to the GARAGE 16 2" x 9 with double doors, window to the side elevation, light and power supplies, service door to the property. To the rear a delightful garden which includes a shaped lawn, stocked flower borders, mature fruit trees and soft fruit bushes, vegetable patch and an area of patio. Additionally there is a timber construction summer house and greenhouse.

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

£ 411075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 12375
  • 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

£ 39825
  • 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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