3 bedroom detached for sale

£415,000 OIRO

3

Bedrooms

1

Bathrooms

Floorplan

SUMMARY This three-bedroom detached property is located in a quiet semi-rural location in London Colney. The house comprises a lounge, dining room, kitchen, and convenient WC/cloakroom. Upstairs, there are three bedrooms and a family bathroom. Externally, there are generous front and rear gardens with space for two cars to the front. Located in the desirable village of Colney Heath, the property is situated within an easy commute of St Albans, and Hatfield, which offer an excellent range of shopping, dining, and leisure facilities. Additionally, under three miles away is London Colney Retail Park which features a large NEXT, M&S, Sainsburys and Boots. Colney Heath is south of the A414, with both the M25 and A1(M) easily accessible. Viewing is highly recommended!

ENTRANCE HALL Parquet floor, radiator, understairs storage cupboard, ceiling light, and downstairs WC/cloakroom.

LOUNGE 14 0" x 11 1" (4.27m x 3.38m) Laminate floor, radiator, double-glazed window with fitted blind to front aspect, ceiling lights.

DINING ROOM 13 11" x 10 5" (4.26m x 3.20m) Laminate floor, radiator, service hatch, full-length double-glazed windows with fitted blinds and door leading to rear garden, ceiling lights

KITCHEN 13 0" x 7 5" (3.96m x 2.26m) Tiled floor, a range of white wall and base cupboard units with laminate work surfaces, stainless steel sink with mixer tap, part-tiled walls, storage cupboard, double-glazed window with fitted blind to rear aspect, Worcester boiler, space for white goods, part-glazed door to side entrance, LED ceiling lights.

STAIRS AND LANDING Stairs leading to landing, double-glazed window with fitted blind to side aspect, ceiling light.

BEDROOM ONE 14 0" x 11 5" (4.27m x 3.50m) Wooden floor, radiator, double-glazed window to front aspect, ceiling lights.

BEDROOM TWO 13 11" x 10 10" (4.25m x 3.31m) Carpet, radiator, double-glazed window to rear aspect, ceiling lights.

BEDROOM THREE 10 5" x 7 8" (3.19m x 2.34m) Carpet, radiator, double-glazed window to front aspect, ceiling light.

BATHROOM Lino floor, three piece bathroom suite comprising panel enclosed bath, electric shower, pedestal sink with mixer tap, low-level flush WC, heated towel rail, part-tiled walls, double-glazed obscure window to rear aspect, ceiling light.

EXTERNAL SPACE Rear garden laid mainly to lawn with surrounding mature trees and shrubs, garden shed. Front garden laid to lawn with parking for two cars.

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

£ 345075

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
    £ 10375
  • 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

£ 33825
  • 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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