4 bedroom detached for sale

£1,100,000 Offers in excess of

4

Bedrooms

A highly impressive and imposing five bedroom detached family house which is situated on superb gated grounds in a highly sought after location in New Milton. The property is presented in first class order throughout and offers versatile and spacious rooms. There are many appealing features some of which include a superb high specification open plan kitchen into orangery with granite worktops and tiled floor, three luxury fully tiled bathrooms, option of a ground floor double bedroom, utility room and a large adjoining double garage with pitched roof. This property would suit a wide range of applicant but would be largely suited to a growing family given the versatility and the location to New Miltons mainline railway and all local schools.

An architecturally designed substantial family house which is built in the 1980s to traditional standards and has since been maintained and upgraded to the highest levels.

To the front there is an open porch with casement doors leading to the more than generous entrance hall with attractive wood effect laminate flooring, downstairs WC and coats cupboard. There is also a solid oak staircase leading to first floor.

The double aspect sitting room is a great size with a green outlook to the front, a gas fired living flame fire with timber surround and marble hearth, and casement doors leading to the vast patio.

Dining room which is located to the front of the property has the same the same continuous wood flooring from the hall and an adjoining office, if required this room could make an ideal fifth bedroom and potentially ground floor ensuite.

The superb kitchen/orangery is simply stunning and fitted to a high specification with a huge range of solid wood wall and base units with space for range style cooker and American style fridge freezer. There are granite worktops, part of which create a large breakfast bar and a tiled floor which continues into the great sized orangery. The triple aspect orangery has a glass roof lantern, underfloor heating and bifold doors leading onto the south facing patio.

Utility room which is accessed via the kitchen with the continuous tiled floor and granite worktops with door leading to the patio.

First floor landing is almost a room in itself with a large built in airing cupboard housing the high pressure water cylinder. There is also access to roof space and a window looking to rear garden.

There are four double bedrooms, bedroom one of a particular good size with a full range of built in wardrobes and matching drawers and bedroom two and three share a Jack and Jill style ensuite.

There are three stunning bathrooms all of which are fully tiled and finished to very high standard.

The family bathroom has a bath and base and inset into vanity unit with storage under and a low flush WC.

The Jack and Jill bathroom has large double width shower cubicle, bath with central mixer tap, low flush WC and wash hand basin inset into vanity unit.

The master ensuite shower room has a particularly large walk in shower, his and hers wash hand basin inset into vanity unit with excellent storage under and low flush WC.

All bathrooms have a chrome ladder towel rail.

Norwood House is a substantial gated residency with an incredibly large frontage for parking for multiple vehicles and ample turning space. The front of the property is screened well with a 6ft perimeter fence and various shrubs and borders. There is an electric gate for privacy and access to both sides of the property leading to rear garden. The rear garden is southwest facing and of a good size with a vast patio adjoining all exits from the property and the garden backs onto an area of woodland. There is a large timber outbuilding which of uses could be endless and power but would be an ideal home office/gym. There is an adjoining double width garage with an electric roller shutter door, large roof space and personal door into garden.

Nearest Stations:

1.01 miles
New Milton
1.91 miles
Sway
3.21 miles
Hinton Admiral
4.59 miles
Brockenhurst
4.73 miles
Lymington Town

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

£ 906450

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
    £ 27500
  • 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

£ 81450
  • 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.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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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.

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