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£495,000 Offers in excess of
Bedrooms
Bathrooms
Mansons bring to the sales market this stylish three-bedroom house situated on Arcot Grange, in the popular area of Cramlington, Northumberland. This is an exclusive, gated development on the outskirts of Cramlington next to Arcot Hall Golf Club, surrounded by fields but within minutes of the A19/A1 trunk roads. Its 9.7 miles to Newcastle city centre or 9.6 miles north to Morpeth. Arcot Grange is not just about countryside living and convenient commuting, it is about living in an exclusive, small community of eight stone barn conversions and 21 individually designed homes set around a picturesque village green. If you saw the Catherine Cookson film The Black Candle, you will recognise the historic farm buildings because they were used in numerous sequences. Vehicle access to the development is via a remotely controlled electric gate which gives an exclusive feel as well as enhanced security.
The property itself briefly comprises; an entrance door that leads to a lobby, providing access to the lounge, inner hallway, and a modern fitted dining kitchen. This kitchen is equipped with a range of integrated appliances, including a Kitchen Aid coffee machine and a Kitchen Aid wine chiller. Additional rooms on the ground floor include a utility room with fitted wall and floor units, as well as a garage with an electric roller door.
Stairs from the ground floor, lead to the first-floor landing which gives access to the master bedroom. This room has doors leading to a walk-in dressing room with built-in storage and an ensuite shower room featuring LED lighting. There are also two more bedrooms, one of which has access to another ensuite bathroom, and a family bathroom.
Externally, to the front of the property, there is a block paved driveway and gate which allows access to the rear garden. The rear garden includes a double carport, two garden offices with one including a Veranda area and an outside WC.
The property benefits from underfloor heating on the ground floor and double glazing throughout.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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