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£550,000 Guide Price
Bedrooms
Bathrooms
'GUIDE PRICE 550,000 to 560,000'Beautifully set in a marvellous plot in the heart of the ever popular village of Elston, Ravenscroft is a wonderful example of an individual period detached home, believed to date back to the early 1800s, and benefits from modern efficient living with 16 owned solar panels with battery storage, as well as an air source pump, and occupies delightful wrap around gardens/plot measuring approximately 1/3 acre (subject to survey). Falling within a conservation area, this home falls within close proximity to the A46 which gives brilliant access to neighbouring towns of Bingham and Newark-on-Trent.
The propertys accommodation comprises to the ground floor: entrance hall, shower room, sitting room with doors opening to the veranda, dual aspect reception room/bedroom four with open fire, spacious lounge with open fire and opening to a formal dining room, breakfast kitchen with combination of granite and oak wood surfaces, and an electric range cooker, utility room and useful pantry and boiler room giving useful storage. The first floor enjoys a family bathroom suite and three double bedrooms.
Outside, this home stands proud with a partly walled boundary with a gated drive entrance which opens through to an extensive tarmac driveway which provides off street parking for multiple vehicles and gives access to the double garage. The gardens wrap around this home with the frontage being SOUTH FACING and having a range of mature shrubs/trees to borders giving a real sense of privacy, with a gorgeous veranda showcasing a delightful entertaining area. A vegetable garden and chicken coop can be found to the side of this home, with the formal garden being found to the rear with a range of delightful plants and orchard area. Other features of this home include the air source heat pump, owned solar panels and combination of UPVC and wooden windows. Viewing will be key to appreciate the tranquillity and quality of this magnificent period home.
EPC rating: D. Tenure: Freehold,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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