4 bedroom detached for sale

£450,000

4

Bedrooms

Floorplan

Situated in an enviable position on Robins Grove, Milby, this modern, high-spec detached property offers spacious and contemporary living in a peaceful yet convenient location. Built by Miller Homes in 2022, the property boasts a blend of style, comfort, and practicality, with views over neighbouring fields, making it the perfect family home.

The popular Milby Grange development is conveniently located just a short distance from the centre of the historical market town of Boroughbridge. The town is situated on the banks of the River Ure and is surrounded by stunning countryside. Boasting a thriving town centre with an array of independent shops, pubs and restaurants.

With both a Primary School and Secondary school, Boroughbridge is a great location for families. Plus, with easy access to the A1(M) and A19, approximately 12 miles from York, 10.5 miles from Harrogate and 7.5 miles from Ripon it is ideal for commuters travelling further afield.

The property itself is presented to a high standard throughout and briefly comprises:

A welcoming hallway with the addition of an attractive, panelled coat rack and downstairs WC.

The open plan dining kitchen at the heart of the home really offers the WOW factor! The kitchen itself has been fitted with a range of modern wall & base units, Zanussi double oven, Zanussi induction hob, extractor fan, integrated microwave, integrated fridge freezer and dishwasher. The addition of underfloor heating adds a comfortable finishing touch.

The dining area has room for a large dining table and benefits from French doors onto the rear garden, making it a truly social space.

Beyond the kitchen there is a handy utility room with further fitted units, sink, plumbing for a washing machine, space for a freestanding appliance, and external access.

To the front of the property there is a well-proportioned living room offering the perfect space to relax and unwind.

Heading upstairs, the light and airy dcor and modern grey carpets continue throughout.

The principal bedroom offers ample room for a king size bed and has several built-in wardrobes, making clever use of the space on offer. With delightful views across the undisturbed neighbouring fields. It also benefits from a modern, ensuite shower room, with a large walk-in shower, basin with useful vanity unit, WC, underfloor heating and heated towel rail.

Across the landing, the second bedroom also has the advantage of an ensuite shower room with shower unit, basin, WC, underfloor heating and heated towel rail.

There are two further double bedrooms to the rear of the property ideal for use by the younger members of the family, as guest bedrooms, or work from home spaces.

Completing the first floor is a modern house bathroom with shower over bath, basin, WC, underfloor heating & heated towel rail.

The integral garage provides a useful storage space, and has the addition of several kitchen units, lighting and power as well as an electrical vehicle charging point.

Externally the property has much to offer including a fully enclosed, level rear garden with both lawn and patio areas, ideal for alfresco dining and a delightful, raised bed, which could be utilised for both growing plants or fruits & veg!

To the front of the property the driveway offers of street parking for two vehicles with further allocated off street parking available.

Additional information:

We understand that the property is of Freehold Tenure.

The property is offered for sale with the remainder of a 10-year NHBC warranty.

There is a small annual service charge to be paid, of approximately 250.00. Contributing to the upkeep of the developments green spaces and childrens park.

The property is located on a private road, the upkeep of which is to be split between the property and neighbouring houses as such time that repairs are to be carried out.

The council tax is band: E

The property is serviced by mains electricity, gas and water services.

Estimated rental income: 2,250PCM

Broadband availability: Full Fibre with estimated speeds up to 1,800 Mbps

Mobile phone coverage: O2, Vodafone, Three & EE

Satellite & Cable TV Availability: SKY & BT

Flood Risk: Rivers & Seas - No Risk Surface water- Very Low

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

£ 373950

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

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
    £ 11250
  • 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

£ 36450
  • 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

Adjust these figures

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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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