3 bedroom semi-detached for sale

£748,000

3

Bedrooms

1

Bathrooms

Martin & Co St Albans are pleased to present this attractive three bedroom semi detached family home in a desirable location close to good schools and approximately 20 minutes walk from St. Albans city station.

The house is on a corner plot which offers an enviable amount of space to the side of the property with lots of potential to extend (subject to planning).

The open arched porch gives way to an attractive front door with stained glass windows both side affording plenty of light into the spacious hall way.

The ground floor consists of a large family front room with an attractive bay window, the rear dining room has a feature fire place and a glazed door leading to the garden. The fully fitted kitchen has a range of floor and wall units as well as an integrated oven and hob and an external door leading to the side of the property.

Stairs from the hall lead to the first floor consisting of two large double bedrooms and one single room. The bathroom has a bath with an overhead shower and there is a separate toilet.

Outside is a standalone double length garage offering ample storage, a small rear courtyard garden. The drive offers parking for several cars and the front and side of the property has mature shrubs and lawn.

This property is presented in excellent decorative order, has lots of original features including picture rails and attractive stained glass windows.

The City of St Albans is a sought after location in the leafy county of Hertfordshire, it offers both historic tradition by way of period properties and a beautiful Cathedral as well as many modern amenities including a vast array of bars and restaurants nestled amongst some fantastic independent shops. The city is also perfectly located for transport links including M1 and M25 as well as the City Station with trains into London St Pancras taking 19 mins. In addition the excellent range of both independent and state schools make St Albans the perfect choice for families and professionals alike.

An early viewing for this fantastic family home is recommended.

Call sole agents Martin & Co St Albans on 01727898236 or enquire online to arrange a viewing.


Agents are required by law to conduct anti-money laundering checks on all those buying a property. We outsource the initial checks to a partner supplier Intelligent Services Group Ltd who will contact you once you have had an offer accepted on a property you wish to buy. The cost of these checks is 30. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required. This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.

Map location is not available for this property.

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

£ 619800

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
    £ 18700
  • 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

£ 58800
  • 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

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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.

Notes

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