Sterndale Drive, Westbury Park, Newcastle-under-Lyme, ST5

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Sold STC

4 bedroom detached for sale

£285,000

4

Bedrooms

2

Bathrooms

Floorplan

Welcome to this lovely home situated on Sterndale Drive on the ever popular Westbury Park Estate, in Clayton. This four-bedroom extended detached family home, offers spacious, living spaces, perfect for a growing family.As you approach the property, there is a spacious paved driveway which could accommodate several vehicles, providing off-road parking for multiple vehicles.
The accommodation has an entrance porch which leads into a spacious open lounge dining room with stairs off the to first floor, feature fireplace and French doors which open onto the rear garden. The kitchen is fitted with a good amount of wall and base units, free standing electric cooker, and useful built in pantry. A rear hall provides access into a ground floor double bedroom, there is a modern wet room with W.C. and utility room again with a door leading to the rear garden. To the first floor,you will find three generously proportioned double bedrooms, two of the bedrooms come with fitted wardrobes providing ample storage to complete the first floor accommodation there is a family bathroom with bath, shower and W.C.

To the outside from the driveway, there is gated access which leads to the rear enclosed garden which is mainly paved for ease of maintenance has artificial turf areas and flower and shrub borders. providing the perfect outdoor space for alfresco dining.

The property is located on Westbury Park where you will find an small array of convenient shopping facilities including a Co-Op, Chemist, Take away, and Dentist. Local schools are within reach, along with nearby transport links such as A34, A500 and M6, ensuring easy commuting links for whole family.

Further benefits are gas central heating, double glazing and NO UPWARD CHAIN, EARLY VIEWING IS HIGHLY RECOMMENDED ON THIS WELL PRESENTED DETACHED FAMILY HOME.

EPC rating: C. 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

£ 237825

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
    £ 7125
  • 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

£ 24075
  • 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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