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£900,000 Offers in excess of
Bedrooms
First time onto the open market in over 40 years is this truly RARE period home nestled on a plot of just over 0.3 ACRE. The property is in excess of 2,000 sq.ft and offers versatile accommodation which currently comprises of kitchen/breakfast room, UTILITY ROOM, 5 bedrooms, bathroom, separate shower room, TWO RECEPTION ROOMS and DETACHED GARAGE and office space!
The outside space is an excellent feature of the home and provides a wrap around & westerly facing garden with far reaching views and a private gate onto open parkland ideal for dog walking , double garage and driveway. Previously, the property did benefit from planning permission for the construction of an additional detached four bedroom property which has now lapsed but provides an intriguing option for another dwelling or indeed annex STPP. The location is convenient for town centre, local shops and also falls within the catchment area of several popular schools!
Lapsed Planning Permission - Lapsed planning permission ( 4/03225/17/DRC ) was granted in 2017 for the demolition of the garage to make an access route to the side garden for the construction of a detached 4 bedroom family home. We strongly believe it would be possible to reinstate this application but recommend any potential buyer makes their own enquiries.
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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