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£550,000 Guide Price
Bedrooms
Bathrooms
An extended and superbly finished three-bedroom detached house in Benhall, a welcoming suburb of Cheltenham known for its lush green spaces and family-friendly atmosphere.
Location: - Benhall is position on the South West of Cheltenham and offers a variety of housing options set in tranquil streets, making it ideal for families, professionals, and retirees alike. Benhall is celebrated for its excellent local schools, leafy parks like the renowned Benhall Park, and a vibrant selection of local amenities. With easy access to Cheltenham town centre, residents can experience the best of both worlds.
Strategically positioned near the M5 motorway and A40, and bolstered by efficient public transport links, Benhall provides seamless connections to Gloucester, Bristol, and beyond.
Full Description: - The property itself is presented in outstanding condition. It features a cozy sitting room and a spacious open-plan kitchen/dining/family room, equipped with underfloor heating, a high-specification kitchen, integrated appliances, and bi-folding doors leading to a raised patio area that is perfect for family dining and relaxation. Additional amenities on the ground floor include a WC and an integral garage with a utility area.
The first floor accommodation comprises three generously sized double bedrooms and a large family bathroom, featuring a contemporary bathtub and expansive shower enclosure.
Externally, the rear garden backs onto Benhall playing fields and includes a sizeable raised patio and a lawn area. The front of the property benefits from off-road parking in addition to the garage, ensuring ample space for vehicles.
Further Information: - Tenure: Freehold
Services: Mains gas, electricity, water and drainage. Gas central heating.
Local authority: Cheltenham Borough Council. Tel. 262626
Council tax band: D
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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