4 bedroom detached for sale

£475,000

4

Bedrooms

2

Bathrooms

Floorplan

THE PROPERTY AND TOWN Particularly impressive detached family home with accommodation extending to around 1,700 square feet. The property is situated in a small cul de sac setting and enjoys a large garden to the rear with outdoor entertaining space plus a workshop. Briefly the accommodation comprises entrance hall, spacious lounge with a log burner, study, dining room, fabulous garden room, breakfast kitchen and guest cloakroom. To the first floor, four bedrooms (master with a large en-suite) plus the main shower room. Rawdon Close itself is well placed for the centre and amenities of Castle Donington.

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 uPVC framed and glazed door. Stairs rising to the first floor, contemporary central heating radiator.

LOUNGE 21 9" x 13 1" (6.63m x 3.99m) This spacious room enjoys a double glazed bow window to the front elevation, bi-fold doors opening to the garden room, central heating radiator, log burning stove which provides the focal point of the lounge.

STUDY 11 6" x 7 7" (3.51m x 2.31m) This room would make an ideal home office and includes double glazed window to side and rear elevations. Central heating radiator.

GARDEN ROOM 24 x 8 11" (7.32m x 2.72m) This impressive space has double glazed windows overlooking the rear garden, two central heating radiators and double doors leading out.

DINING ROOM 16 3" x 8 3" (4.95m x 2.51m) With double glazed bow window to the front elevation, central heating radiator, laminate flooring.

BREAKFAST KITCHEN 19 11" x 10 1" (6.07m x 3.07m) Including a range of units at eye and base levels providing work surface, storage and appliance space. Space for a Range cooker with an stainless steel extractor hood over, one and a quarter bowl sink unit with mixer tap over, space for a wine cooler, two double glazed windows to the rear elevation, central heating radiator, door opening to the side lobby.

SIDE LOBBY With uPVC framed and glazed door opening to the side elevation.

GUEST CLOAKROOM With a suite in white of wash hand basin and W.C.

FIRST FLOOR

LANDING With access to the roof space.

MASTER BEDROOM 15 to wardrobes x 10 11" (4.57m to wardrobes x 3.33m) With double glazed windows to the front elevation, central heating radiator, bedroom furniture with central space for a bed, wardrobes with mirror frontage, storage cupboard.

EN-SUITE SHOWER ROOM Comprising a suite in white of wash hand basin and W.C. Large shower enclosure. Fitted storage units, opaque double glazed window to the rear elevation, heated towel rail.

BEDROOM TWO 10 11" to wardrobes x 10 11" (3.33m to wardrobes x 3.33m) With double glazed window to the front elevation, central heating radiators, wardrobes with mirror frontage.

BEDROOM THREE 10 8" x 9 6" (3.25m x 2.9m) Narrowing to 8 9" (2.66m) With double glazed window to the rear elevation, central heating radiator, wardrobe with mirror frontage.

BEDROOM FOUR 7 11" x 7 7" (2.41m x 2.31m) With double glazed window to the rear elevation. Central heating radiator.

SHOWER ROOM Comprising a suite in white of wash hand basin, with storage beneath, and W.C. Large walk in enclosure housing the mains fed shower. Opaque double glazed window to the rear elevation, heated towel rail.

OUTSIDE The property is situated in this lovely, small cul de sac setting and is fronted by a block paved frontage which provides ample off road parking and leads through to the GARAGE 17 x 8 2" (5.18m x 2.49m) with electric roller door, wall mounted combination central heating boiler, light and power supplies. To the rear an impressive and sizeable garden laid majority to lawn. Allied to this there is covered out door entertaining space including a wood burning stove and enclosed space ideal for a hot tub. Additionally there is a workshop and green house.

Map location is not available for this property.

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

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 11875
  • 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

£ 38325
  • 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

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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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