4 bedroom detached for sale

£350,000

4

Bedrooms

2

Bathrooms

Floorplan

Martin & Co are pleased to present this fantastic opportunity on the Tamar Road estate in Hockley. A spacious detached home, with garage, off road parking, rear garden, guest WC, conservatory, utility room and en-suite.

Key Facts for Buyers - see report below

Council Tax - Band D

EPC-71c

FRONTAGE Having a lawned front garden with shrubs to borders, large brick paved driveway for several vehicles, door to garage and gated side access leading to rear garden.


PORCH 2 4" x 6 1" (0.71m x 1.85m) Brick built porch with window and door to front aspect and inner door with obscure panel window leading into hallway.


HALLWAY 5 3" x 4 2" (1.6m x 1.27m) Having a door leading to living room, with staircase up to the landing.

LIVING ROOM 16 1" x 13 0" (4.9m x 3.96m) Welcoming and bright with large bay window to front aspect, Fireplace with brick surround and hearth and door to dining room.


DINING ROOM 9 7" x 8 10" (2.92m x 2.69m) Ideal as a dining/sitting room or playroom with door to kitchen and sliding patio doors into the conservatory.


KITCHEN 9 7" x 9 5" (2.92m x 2.87m) A modern style kitchen with a range of matching wall and base units with worktops to three sides, part tiled walls, wood style flooring, stainless steel sink/drainer, integrated oven/hob, space for fridge/freezer and windows to rear aspect overlooking the garden.


UTILITY ROOM 6 3" x 5 6" (1.91m x 1.68m) Having work surface area with space under for washing machine and tumble dryer with doors to rear garden, WC and obscure window to side aspect.

WC 3 2" x 5 7" (0.97m x 1.7m) Having hand wash basin with tiled splash back and W.C. with obscure window to side aspect and tiled floor.


CONSERVATORY 10 4" x 8 6" (3.15m x 2.59m) A lovely additional space with windows to sides offering views into the rear garden.

GARDEN A beautiful garden with a large paved patio area for relaxing and entertaining. Lawn to centre with side borders of mature shrubs, plants, trees and side gate access.
.

MASTER BEDROOM 13 x 9 10" (3.96m x 3m) Double bedroom with two windows to the front aspect, double fitted wardrobe and door leading into ensuite.


ENSUITE 4 5" x 7 5" (1.35m x 2.26m) With panelled shower cubicle, WC and pedestal hand wash basin with tiled splashback and obscure window to side aspect.

BEDROOM TWO 9 4" x 9 1" (2.84m x 2.77m) Double bedroom with double fitted wardrobe and window to the rear aspect.


BEDROOM THREE 9 x 8 (2.74m x 2.44m) Having window to rear aspect overlooking garden.

BEDROOM FOUR 7 x 7 2" (2.13m x 2.18m) With window to front aspect and fitted wardrobe currently being used as an office

BATHROOM 6 5" x 5 5" (1.96m x 1.65m) Bathroom suite comprising bath with shower over, pedestal sink, W.C and obscure window to rear aspect with fully tiled walls surrounding bath.


GARAGE 17 1" x 7 6" (5.21m x 2.29m) Single garage with double doors to front of property with electrics.


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

£ 291450

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 8750
  • 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

£ 28950
  • 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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