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Orion Holidays, The Gateway Centre, Spine Road East, South Cerney, Gloucestershire, GL7 5TL
£685,000
Bedrooms
Bathrooms
Reception
ACCOMODATION: Ground floor: Kitchen, large open plan living/dining area, large south facing sun deck, bedroom with en suite, large utility/laundry room. Oak flooring through much of the ground floor. First floor: Landing, master bedroom with en suite, bedroom 2 and bedroom 3 and Family bathroom. The property benefits from underfloor heating throughout. Waters Edge is a stunning collection of contemporary, Scandinavian styled, luxury holiday homes in the Cotswold Lakes (formally Cotswold Water Park). These architecturally inspired, lakeside homes have stunning views over the 28 acre lake and each property benefits from a large decking area which gives you the illusion of being suspended over the water's edge. Waters Edge is ideally situated in the heart of the Cotswold Lakes, England's largest wetlands nature reserve, only 5 miles from Cirencester and just 90 minutes from London. Secure, gated development offering unrivalled peace and tranquillity. Newly installed Air con in the property - Units in living area and master bedroom - the system installed does have capacity to fit further rooms with air con units if desired.
GROUND FLOOR
MAIN LIVING AREA: The large, bright, open plan living area has two large sets of sliding doors that give uninterrupted views across the lake and access to the large sun deck, which is complete with a hot tub. Oak flooring throughout. This space is perfect for entertaining, and is flooded with light. Air con unit in this room.
KITCHEN: The good sized kitchen features stone work surfaces and a good range of contemporary style kitchen units. Appliances include an integrated single oven, microwave, plate warming drawer, integrated fridge and dish washer. A 1 bowl sink with mixer tap complete the kitchen.
BEDROOM 4: Large double bedroom with an en suite wet room with walk in shower, wash hand basin and WC. Heated towel rail.
UTILITY ROOM: Recently renovated, large utility/laundry room with plenty of cupboard storage, washing machine, dryer, sink and access to the boiler cupboard.
FIRST FLOOR
MASTER BEDROOM: A statement Master bedroom, with southerly views across the lake from its own private balcony. A large en suite includes a double size shower cubicle, stand alone bath, wash hand basins and WC. Heated towel rail. Air con unit.
BEDROOM 2: Another good-sized double bedroom with window to the front overlooking the communal gardens.
BEDROOM 3: Yet another double bedroom with window to the front overlooking the communal garden.
Family Bathroom: A large family bathroom with Velux window offers a bath with shower over, WC, wash hand basin and heated towel rail. Stone effect tiles to floor and beige wall tiles.
OUTSIDE: This property has two private sun decks, the ground floor one being accessed from the living area and complete with large 8 capacity hot tub, and the other accessed from the impressive Master bedroom. Both enjoy the sun much of the day, with an additional outside, patioed garden area at the front of the property to soak up the last of the evening sun. 2 designated car parking spaces with more available in the visitor spaces a 20 second walk from the front door of this property.
This years ground rent was 2,186.12 per annum.
Service charge is currently 3,446.54 per annum. This is not for profit and reviewed annually.
The property is an extremely successful holiday let. If you require exact figures, please contact [email protected] or call 01285 861 839.
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.
Orion Holidays, The Gateway Centre, Spine Road East, South Cerney, Gloucestershire, GL7 5TL
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