4 bedroom detached for sale

£800,000 Offers in excess of

4

Bedrooms

2

Bathrooms

Floorplan

Bird Mews is a small close of just 6 detached homes, rarely offered for sale to the market and set in a peaceful town centre location only a 4 minute walk from Waitrose and 10 minutes from the Station. This energy efficient home with an impressive EPC-B reading is laid out to make good use of the space available with a flexible layout arranged over two floors with 1488 sq ft of accommodation, double length garage and driveway parking seldom found in such a central location. The ground floor layout of this home means that the comfortable square living room with large bay window and a fireplace, the dining room with patio doors and the double aspect kitchen /breakfast room all overlook the rear garden, whilst the useful study is quietly tucked away at the front. For easy unloading of shopping etc a practical kitchen door opens out onto the driveway. There is also a downstairs cloakroom. The first floor features a rear facing, sizable main bedroom suite with a large walk in wardrobe and a modern refitted bathroom. There is a second, rear facing guest bedroom with fitted wardrobe along with two further generous single bedrooms both with built in wardrobes. A modern refitted bathroom finish off the accommodation. Parking, which usually at a premium in a town centre location is no problem here with driveway parking for two vehicles plus quite easily two more in the double length garage, the rear quarter of which is temporarily separated into a workshop area. The rear garden is extremely private and comprises of a neatly kept circular area of lawn with mature flower and shrub borders to all sides. The property is heated by gas fired central heating, insulated by double glazed windows and the impressive energy rating increased by solar panels. For more detailed material property information please click on the various brochure links.

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

£ 662700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 20000
  • 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

£ 62700
  • 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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