4 bedroom detached for sale

£475,000

4

Bedrooms

2

Bathrooms

Floorplan

Pleasantly positioned in the heart of the well-served village of Sutton-on-Trent lies this quirky detached cottage which falls within a conservation area and boasts incredible potential, with a substantial west facing plot, attached barn and stables. The garden has been split to include a formal garden space, as well as a paddock/orchard area. Viewing will be essential to appreciate the sizeable nature of the plot and the scope this home has to offer.

The propertys accommodation comprises to the ground floor: entrance hall, W/C, large lounge with French doors to the rear garden and feature fireplace, home office, utility/boot room, formal dining room and kitchen which has a useful pantry cupboard and appliances to include a four-ring electric hob, electric oven and grill, and integrated dishwasher. Also, to the ground floor there is a further entrance that has stairs rising to the first floor, door through to the kitchen and access to two bedrooms and a shower room. This could easily provide annexe living should it be required. One of these bedrooms is currently being utilised as a cosy sitting room. To the first floor, there is a sizeable family bathroom suite and two double bedrooms, one of which has storage rooms off.

Outside, this home is approached with a recently replaced five bar wooden gate which opens through to a gravelled driveway and extends through to a concrete area. This leads down to the formal garden area, which is predominantly laid to lawn with a variety of mature shrubs. Access can also be found to the barn and stables, which offer significant potential for conversion, subject to relevant planning. The garden further extends to a vegetable garden before having a fenced off area, which opens through to a paddock/orchard. The garden is of considerable size, and similarly to the house, provides enormous potential to suit a variety of purposes. Other features of this home include UPVC double glazing to the house, and oil-fired central heating.

EPC rating: E. Tenure: Freehold,

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

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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
    £ 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

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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