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£700,000
Bedrooms
Bathrooms
Representing a unique proposition, Longacres sits on a magnificent plot measuring over 5 acres (subject to survey) and boasts equestrian opportunities with an array of outbuildingsproviding an exceptional amount of storage, workshops and stabling, and this home also offers multi-generational living with a large detached bungalow and a separate detached annexe. The property still offers significant potential with the bungalow beingdesigned and constructed to enable further expansion into the roof void, subject to the necessary planning approval.
The bungalows accommodation comprises: entrance hall, spacious lounge, dining kitchen, utility room, large conservatory, three double bedrooms and a four piece family bathroom suite. The annexe boasts an open plan living/dining kitchen space and utility room to the ground floor, whilst the first floor enjoys a double bedroom suite with fitted storage and an ensuite bathroom.
The property is approached down an extensive tree-lined driveway with electric gates opening on to the property. There are formal gardens that wrap around both the bungalow and the annexe, with ample parking opportunities available. The outbuildings provide great flexible for storage and workshops, and there is gated access that opens through to the paddock land and the two stables. Other features of this home include oil fired central heating and UPVC double glazing.
An Interactive Property Report for this property can be viewed via the following web portals, UNDER THE VIRTUAL TOUR TAB on Rightmove, Zoopla, On The Market and Newton Fallowell.The report includes FURTHER MATERIAL INFORMATION, including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.
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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