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£500,000
Bedrooms
Bathrooms
For sale with no onward chain!
Location and plot are two factors that can not be changed. Croxton Lane is one of the premier roads in Middlewich and this lovely detached family home sits on a quiet 0.45 acre plot (approx).
This part rendered property is a three bedroom detached bungalow of around 1280 square foot, the home has been sympathetically modernised and improved to offer UPVC double glazing, new rubber flat roof on rear extension, refitted kitchen with magnificent island and two well planned bathrooms. All this is complemented by fresh clean finish highlighting features such as the wood doors. Other improvements have also taken place to include replacement boiler, replacement UPVC soffits, fascia and guttering.
The home is set well back from the road with high borders to the front providing shielding and privacy, the sweeping gravel drive provides parking for numerous vehicles and access to the double garage.
The entrance hall has useful storage and access to the bright and spacious family dining, cooking and living area. This is fitted with modern sleek units with a stunning central island and folding doors to the rear porcelain patio. This run enjoys passage of light from front to rear courtesy of the large windows and doors. The kitchen has a range of integrated appliances. There is a third bedroom/dining room or office and a refitted bathroom. This provides access to a large main entertaining room with folding doors to the patio. There is an inner hall with access to two further bedrooms and a bathroom with his and her sinks.
Outside the property truly comes alive with the large frontage shielding the home from sight. To the rear is a raised porcelain patio with steps down to a lawned garden with mature planting and trees. The rear garden is screened by way of conifers providing an oasis of peace and quiet. The plot extends to approx 0.45 acres and is orientated such that some part of the garden will catch the sun at all times.
The home is close to local supermarkets as well as Country and canal side walks.
Subject to planning there is scope to extending the home or punching through into the loft space to create a dormer.
I like this home because it offers ready to move into accommodation with scope for improvement. The plot and location are stunning and this is the type of home that allows buyers to grow and develop over time (subject to consent and planning) and providing the potential to never having to move again!
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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