4 bedroom chalet for sale

£1,200,000

4

Bedrooms

Currently undergoing refurbishment estimated completion Summer 2022. A beautiful extended and refurbished four bedroom detached chalet style house which is situated in a premier location in New Milton. Features of the property include four double bedrooms all with en suite and two on the ground floor, a total of four bathrooms, a spacious open planned kitchen/living with bi fold doors and vaulted ceilings, a large sitting room, a separate utility room and a detached garage.

Entrance hall with Porcelanosa tiles, smooth plaster ceilings, modern staircase to first floor with skylight above

The spacious open plan kitchen/living room is a particular feature of this property with a fantastic range of modern wall and base units with integrated Fridge freezer, oven, dishwasher, separate pantry and also features three sets of bifold doors opening onto a large, decked area and the landscaped gardens. In the kitchen area the ceiling is vaulted which creates a great sense of space.

The separate utility room provides a washing machine and tumble dryer and a door through to the boot room.

The sitting room and ample space for furniture, tv aerial point, and aluminum bifold doors leading onto the decking.

The luxury family bathroom features fully tiled walls, tiled flooring and a modern suite comprising of a WC with hidden cistern, wall hung wash hand basin with storage beneath, tiled panel bath with mixer tap over and waterfall shower head, heated towel rail, mirror with built in lighting, extractor fan and UPVC window. All the bathrooms benefit from Porcelanosa sanitaryware and tiles.

The property benefits from four double bedrooms all with built in wardrobes and all benefitting from an en suite. The two bedrooms upstairs also have access to a large amount of eaves storage.

The property is currently undergoing an extensive amount of refurbishment and is being built to an exceptional standard. Early interest will also have an opportunity to make small changes in the property.

The property will include a central technology hub which will enable connections to all modern smart appliances with some optional extras available. The property will also feature a connected security and heating system which can be managed from your smartphone.

Nearest Stations:

0.32 miles
New Milton
2.57 miles
Sway
2.74 miles
Hinton Admiral
5.03 miles
Lymington Town
5.28 miles
Brockenhurst

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

£ 993950

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
    £ 30000
  • 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

£ 93950
  • 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.

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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

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  • 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

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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