3 bedroom detached for sale

£475,000

3

Bedrooms

1

Bathrooms

Floorplan

SUMMARY This three-bedroom detached property is located in the sought after area of Welwyn Village, within close proximity of a number of independent shops, restaurants, cafes, dental practice, and doctors surgery. There are transport links nearby, including the A1(M), and Welwyn North mainline train station is approximately two miles away with access to London Kings Cross within 25 minutes. Internally, the property features a dual aspect lounge/diner, kitchen, downstairs bathroom, and access to a paved courtyard garden with outbuildings. Upstairs there are three well-proportioned bedrooms with lovely scenic views. Externally, there is off-road parking, and a low maintenance garden to the side and rear of the property, together with side access. There is an abundance of rural views to the front and rear of the property. Viewing is highly recommended!!

ENTRANCE HALL UPVC front door leading to carpeted hallway, radiator, under-stairs cupboard, part-glazed UPVC door leading to courtyard area

LOUNGE/DINER 22 6" x 11 0" (6.88m x 3.35m) Spacious lounge comprising carpet, two radiators, double-glazed windows to front and side aspect, two ceiling lights

KITCHEN 12 11" x 8 5" (3.94m x 2.57m) Vinyl floor, radiator, a range of white wall and base units, laminate work surfaces, stainless steel sink, part-tiled walls, space for white goods, pantry, two double-glazed windows to side aspect and door to paved courtyard, extractor fan, ceiling light.

BATHROOM Vinyl floor, radiator, double-glazed obscured window to side aspect with fitted blind, pedestal sink with stainless steel taps, panel enclosed bath, part-tiled walls, ceiling light.

WC Vinyl floor, radiator, double-glazed obscured window to side aspect with fitted blind, WC, loft hatch, ceiling light.

STAIRS & LANDING Carpet, double-glazed window to side aspect, smoke alarm, loft hatch, ceiling light.

BEDROOM ONE 14 0" x 10 4" (4.27m x 3.15m) Carpet, radiator, large double-glazed window to front aspect, cupboard space, ceiling light.

BEDROOM TWO 12 4" x 10 3" (3.76m x 3.12m) Carpet, radiator, large double-glazed window to rear aspect, cupboard housing Ideal
i-mini 24kW combi-boiler, ceiling light.


BEDROOM THREE 8 8" x 8 7" (2.64m x 2.62m) Carpet, radiator, double-glazed window to rear aspect, ceiling light.

EXTERNAL SPACE Paved courtyard area accessed via kitchen and has two outside storage cupboards. There is a rear private garden laid to lawn with side access and lovely scenic views of the surrounding area.

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

£ 394575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

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
    £ 11875
  • 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

£ 38325
  • 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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