4 bedroom detached for sale

£245,000 Offers over

4

Bedrooms

Floorplan

COME TO COLTHILL CLICK ON VIDEO TOUR. Four bedroom semi-detached house located in the sought after village of Milltimber. Milltimber is well within commuting distance of Aberdeen and benefits from many local amenities such as shops, restaurants, bars, recreational facilities, and the local primary and secondary schools.

The property is available for sale and has been decorated in fresh neutral tones throughout. The property benefits from a good sized open plan living/dining, kitchen with a range of fitted wall and base units. There is access to a WC on each floor and benefits from the comforts of double glazing throughout and gas central heating. Viewing is highly recommended to appreciate the space this property has to offer.

Milltimber is a suburb which is only a short drive from Aberdeen City via the popular North Deeside Road.

Area features include

- Close to local amenities such as shops, restaurants, bars, recreational facilities and medical facilities
- Excellent educational facilities at both primary and secondary level
- Plenty of leisure and recreational facilities
- Good variety of public transport

LIVING ROOM Great sized living/dining area with neutral carpets and neutral tones. Windows to the front and rear of the premises provide an abundance of natural light. The dining area can easily seat up to eight people making this space ideal for entertaining.

KITCHEN Good sized kitchen with country style base and wall storage units. Includes all white goods such as a dishwasher, washer and integrated fridge/freezer. Access to the rear garden is provided via the kitchen.

BATHROOM Family bathroom with shower over bath. This rooms boasts grey sand stone tiled surrounds, built in vanity unit and mirrored cabinet. Ideal for storing items.

1ST FLOOR

BEDROOM 1 Extensive double bedroom with natural light flooding through the large windows. This room is has been decorated in neutral tones and has a bright and airy feel.

BEDROOM 2 An attractive large double bedroom with neutral decor. The large windows provide plenty of natural light.

BEDROOM 3 Very spacious double bedroom. Decorated in neutral dcor and offers plenty of natural light from the large window. This room offers plenty of space.

BEDROOM 4 A further good sized double bedroom located to the rear of the property which has a window, neutral dcor. The bedrooms benefits from a built in wardrobe.

WC WC which consists of modern white sink and toilet. Benefits from a window allowing plenty of natural light.

(Ground Floor)

Lounge: 4.06m x 3.55m (134" x 118") approx.

Dining Room: 3.55m x 2.48m (118" x 82") approx.

Kitchen: 3.14m x 2.51m (104" x 83") approx.

Bathroom: 2.10m x 1.93m (611" x 64") approx.

(First Floor)

Bedroom 1: 4.97m x 2.56m (164" x 85") approx.

Bedroom 2: 3.98m x 3.53m (131" x 117") approx.

Bedroom 3: 3.55m x 2.38m (118" x 710") approx.

Bedroom 4: 2.94m x 2.38m (98" x 710") approx.

WC: 1.47m x 1.16m (410" x 30") approx.

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

£ 192575

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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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
    £ 6125
  • 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

£ 8825
  • 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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