4 bedroom detached for sale

£500,000

4

Bedrooms

2

Bathrooms

Floorplan

Located in a cul de sac on Giffard Park and backing onto the Grand Union canal this 3/4 bedroom property offers flexibility of living. Giffard Park local centre and The Giffard Park pub are within walking distance. Direct access to canal towpath and its network of walks from rear garden.

The M1 Junction 14 and Central Milton Keynes are both within a 10 minute drive away either side of the property.

Presently the house has the lounge on the first floor with a large double bedroom downstairs. These rooms are interchangeable.

Entrance hallway. 4 piece white suite bathroom downstairs with separate bath and shower cubicle. Fitted kitchen (4.49m x 3.69m) with oven, hob, extractor, space for washing machine and space for fridge freezer. Breakfast bar. Main sink and drainer along with additional sink to utility side of room. Side access to rear garden.

Downstairs continues with a large room (7.19m x 4.63m both to max) running from the front to back of the house which can be used as a bedroom or lounge with door to rear garden. Storage recess. Dining room/bed 4/study (3.59m x 3.69m) with door to rear garden. Airing cupboard and under stairs storage in hall.

First floor comprises large room currently used as lounge (7.19m x 4.07m) running front to back with door leading to balcony, feature fireplace. Master bedroom (3.62m x 3.68m) with mirrored fitted wardrobes, door to balcony and white en-suite shower room. Further single bedroom (3.77m x 3.39m to max) with wardrobe/storage to eaves. Single w/c.

UPVC double glazed with gas central heating throughout.

Rear garden with gate to canal towpath. Double garage and driveway parking to front of property.

Council tax band F.

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

£ 415200

Mortgage Loan to Value

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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
    £ 12500
  • 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

£ 40200
  • 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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