4 bedroom detached for sale

£420,000

4

Bedrooms

Floorplan

THE PROPERTY AND TOWN 2020 built detached by Miller Homes that stands on a lovely corner plot. The gas centrally heated and double glazed accommodation includes entrance hall with guest cloakroom, lounge, playroom/dining room and a kitchen/diner with integrated appliances. To the first floor, four bedrooms (master with an en-suite shower room), nursery/home office and main bathroom. The nursery/playroom was created by the division of a bedroom, this could be easily converted back to the original design. There is also off road parking for two vehicles and a single garage.

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.

ACCOMMODATION

GROUND FLOOR

ENTRANCE HALL Accessed via a composite entrance door. With stairs rising to the first floor, central heating radiator, built in storage cupboard.

GUEST CLOAKROOM Comprising a suite in white of wash hand basin and W.C. Central heating radiator, tiled floor.

LOUNGE 17 2" x 10 8" (5.23m x 3.25m) With uPVC framed double glazed window to the side and rear elevations, uPVC framed double glazed French doors opening to the rear garden. Central heating radiator.


PLAY ROOM/DINING ROOM 13 6" x 8 9" (4.11m x 2.67m) Currently utilised as a playroom. uPVC framed double glazed bay window overlooking the side elevation, uPVC framed double glazed window to the front elevation. Central heating radiator.

KITCHEN/DINER With a range of units at eye and base level providing work surface, storage and appliance space. Integrated gas hob with extractor hood over, electric double oven, washer/dryer, dishwasher and fridge/freezer. uPVC framed double glazed window to the side elevation, uPVC framed double glazed French doors opening to the rear elevation. Central heating radiator. Sink unit with mixer tap over.

FIRST FLOOR

LANDING With access to the boarded roof space. Storage cupboard.

MASTER BEDROOM 10 10" x 9 5" (3.3m x 2.87m) With uPVC framed double glazed window to the front elevation, central heating radiator and fitted wardrobes.

EN-SUITE SHOWER ROOM Comprising a suite in white of wash hand basin and W.C. Walk in cubicle housing the mains fed shower. Central heating radiator. Tiled flooring.

BEDROOM TWO 12 1" x 8 10" (3.68m x 2.69m) With uPVC framed double glazed window to the front elevation. Central heating radiator.

BEDROOM THREE 9 2" x 8 8" (2.79m x 2.64m) With uPVC framed double glazed window to front and side elevations. Central heating radiator.


BEDROOM FOUR 7 7" x 7 5" (2.31m x 2.26m) With uPVC framed double glazed window to the rear elevation. Central heating radiator.

NURSERY/HOME OFFICE 8 8" x 4 8" (2.64m x 1.42m) With uPVC double glazed window to the side elevation. Electric heater. The space was created by the division of a bedroom, which could easily be converted back to the original design.

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

OUTSIDE The property is situated on a lovely corner plot with garden to front, side and rear. Off street parking for two cars available, also providing access to the brick built GARAGE (19 3" x 9 11"), with up and over door, light and power supplies. To the rear there is an enclosed and private garden with patio, an area of lawn and flower borders.

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

£ 349200

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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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
    £ 10500
  • 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

£ 34200
  • 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

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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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