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£650,000
Bedrooms
Bathrooms
Michael Nicholas Estate Agents are proud to offer to the market this highly impressive and substantially extended 1930S style family home which is located within the ever sought after Bromley Heath area of Downend.
The local facilities and amenities include Shops, Supermarkets, Pubs, Restaurants, excellent transport links and the recreational space of Bromley Heath Park is nearby. A further highlight of the properties location is the fact that it is a short distance away from the highly demanded and sought after Bromley Heath School.
Viewing is essential to appreciate all on offer, however in brief the property offers the following accommodation.
Upon entry you will find a traditional style entrance hallway, bay fronted lounge and a separate reception room which is currently set up as a 2nd lounge featuring a wood burning stove and bi-folding doors to the rear garden. The stunning kitchen/dining/family room is positioned within the side/rear extension and measures an impressive 30 11 x 11 2. The kitchen area is beautifully appointed with a comprehensive range of wall and base units, feature worktop surfaces, quality integrated appliances and a feature island incorporating a breakfast bar. From here, access leads to the garden via the bi-folding doors and there is further access to a quality 3 piece shower room.
To the first floor can be found 4 bedrooms (3 double and 1 single) and a beautifully appointed 4 piece family bathroom. The master bedroom also benefits from a dressing room and bedrooms 2 and 3 feature built in wardrobes.
To the second floor is bedroom 5 which has been created from a large loft conversion. The room is in part restricted in head height, there is ample storage within the eves and 3 Velux windows allowing the light to flood in.
Externally the rear garden is low in maintenance. Its mainly laid to artificial lawn with a raised composite decked terrace framing a BBQ area, hot tub and flower bed borders. There is access to the garage and the fantastic additional outbuilding which is currently set up as a bar! The rear garden is enclosed by brick walls and double driveway gates. To the front is a block paved driveway providing off street parking for 5-6 vehicles.
Further features of note include, gas central heating which is multi-zone and via a modern style combination boiler, double glazing throughout, oak doors/floors, and a built in music system.
Properties of this nature are rare to the market, therefore Michael Nicholas Estate Agents anticipate early interest, so dont delay, call now to arrange your recommended viewing.
Further information:
The vendor has informed us that this property is of freehold tenure. This information is yet to be confirmed. Purchasers should obtain confirmation of this from their solicitor prior to exchange of contracts.
From our office in Downend, proceed through the shops and onto the continuation of Badminton Road. Carry along until you reach Four Acre Road on the left hand side, turn left, number 3 can be found along 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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