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£575,000
Bedrooms
Bathrooms
Michael Nicholas Estate Agents have great pleasure in bringing to the market this EXTENDED and FANTASTIC 1930s style Family home.
Positioned on the ever popular Badminton Road within the heart of Downend, the property is a short walk to the pretty High St with its array of shops/pubs/restaurants as well as having excellent connectivity to the A4174 and motorway networks. The property MUST BE viewed to fully appreciate the scale of the accommodation on offer, however in brief the property offers the following.
Upon entry you will be greeted with a traditional style entrance hallway which then leads through into a well proportioned lounge with bay window and wood burning stove. From here access leads into a modern fitted kitchen/breakfast room with integrated appliances. Furthermore there is a large feature window and glass door which leads into the family room/sun room/dining room. This space is a great size and very light, its got access to the rear garden and a door leading into the connected further accommodation.
The side extension to the house measures in excess of 50ft in length and comprises the following further accommodation. There is a good size utility room, shower room, additional room with a private door to the front driveway and a further bedroom/study with doors to the rear garden. This space flows really well with the existing living space, however should the next owner wish it could (subject to usual permissions) be used as a separate living space for a dependent relative or young person living independently from the main house.
To the first floor can be found 3 traditional style bedrooms ( 2 large doubles and a single) and a modern fitted family bathroom.
Externally the WOW factor continues with the 125ft WEST facing rear garden. Its mainly laid to lawn with various plants/shrubs/bushes and trees. There are several seating positions to enjoy the aspect on offer and the garden is fully enclosed. To the front is a block paved driveway providing off street parking for 2 vehicles.
Further benefits include, gas central heating, double glazing (installed in October 2021) and a solar panel system which is owned outright and sold with the property. The owner informs us that it is on the feed-in-tariff and earns approximately 600-700 per year (not verified by Michael Nicholas)
The prospect of buying this property is a great one, rarely do properties with so much to offer come to the Downend market, therefore early viewing is advised to appreciate all on offer - VIEW NOW!
From our office in Downend, proceed through the shops and the Cleeve traffic lights onto the continuation of Badminton Road, number 63 can be found a short distance on the left hand side.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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