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£600,000 Guide Price
Bedrooms
Bathrooms
Latch Cottage is a most charming home that dates back to the 1700s and was re-built around 40 years ago, whilst retaining much of its charm, such as exposed wooden beams and latch style internal doors, hence the name Latch Cottage.
We love this home as its impressive both internally and externally. Inside there is just over 2,000 Sq ft of well-planned accommodation and externally, the plot totals approximately 0.25 of an acre with stunning, panoramic views over neighbouring farmland. On a clear day, you can see local landmarks such as The Cloud & Mow Cop from here.
Homes of this size and with this amount of outdoor space would make an ideal purchase for a growing family or anyone wanting a charming home in a peaceful village on the edge of Sandbach.
Smallwood is a quaint little village on the eastern side of Sandbach, the village itself has number of pubs and excellent restaurants and for anyone with young children, there is a highly regarded primary school. Both Sandbach and Congleton are just a short 10-15 minute drive from here and junction 17 of the M6 is just 5 minutes away.
An internal viewing is a must to fully appreciate this lovely home.
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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