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Orion Holidays, The Gateway Centre, Spine Road East, South Cerney, Gloucestershire, GL7 5TL
£310,000
Bedrooms
Bathrooms
Reception
ACCOMODATION The property is accessed via a gravel path, directly from the car parking spaces and is situated in a row of picturesque holiday homes adjacent to Isis Lake, in close proximity to the tennis courts, kids play areas & games pavilion. The ground floor comprises an plan kitchen and large living/dining area, complete with recently fitted, modern WC. Underfloor heating throughout ground floor. On the first floor there is a large Master bedroom with far reaching lake views, two further double/twin bedrooms and the modern family bathroom with shower over bath. Electric throughout, with no Gas to the Isis lake properties. Decking and support recently replaced, porch also replaced with UPVC and composite decking. Scope to extend decking if desired. Modern electric heaters throughout, making the property much more efficient. Electric heaters & towel rails can all be Wi-fi operated - ideal for renting.
GROUND FLOOR
KITCHEN: Modern, recently fitted kitchen with gloss effect units and wood effect, vinyl worktop. Induction hob, integrated dish washer, and fridge/freezer. Stacked washing machine and separate dryer make clever use of the space to the right of the front door as you enter. Stainless steel sink with mixer tap and dish drainer. Window to the front overlooking communal gardens. Wood effect LVT (Luxury Laminate Tile) flooring throughout.
WC: Modern WC, towel rail and wash basin with storage below.
LIVING ROOM: The light, spacious living/dining area has direct access to the recently replaced sun deck through French doors and provides a great space for both relaxing and entertaining. Wood effect LVT flooring throughout.
FIRST FLOOR
MASTER BEDROOM: A great sized Master bedroom with striking floor to ceiling window, providing gorgeous views across Isis lake, and complete with new ensuite with shower, wash hand basin, Vanity storage and towel rail. Airing cupboard/wardrobe is also in this room.
BEDROOM 2: A double/twin bedroom with window to front overlooking communal gardens, addition of a large Velux.
BEDROOM 3: A small double/large single or twin bedroom with window to the front, again, overlooking beautifully manicured communal gardens..
FAMILY BATHROOM: Modern, fitted bathroom featuring a full length bath with shower over. WC, wash hand basin, and towel rail. Vanity Storage.
OUTSIDE: A fully enclosed sun deck extends to the full width of the property and beyond gives beautiful views over Isis lake. Option to extend the decking area subject to consent. The lodge is extremely well placed for all facilities including the children's play area, tennis courts and games pavilion. This property is situated on the Isis and Windrush lakes development which has 24hr gated & manned security, 3 lakes, aforementioned facilities and is extremely well located to explore the beauty of the Cotswold Water Park.
3D Tour available for virtual viewing.
ANNUAL RUNNING COSTS
Ground Rent, reviewed annually, linked to RPI approx. 2,500 per annum.
Remainder of a 999 year lease.
Service Charge, reviewed annually, approx. 3,000 per annum
Council tax applicable if not run as holiday let. Band C
Errors and Omissions excepted (E&OE)
Service charge contribution includes:- 24 hour on site security, water rates, road maintenance, resort lighting, refuse collection, grounds maintenance, satellite television, and on resort leisure facilities.
Isis Lake & Windrush lakes:
The Isis & Windrush holiday home development is just 15 minutes away from the Capital of the Cotswolds, Cirencester, and has easy access to the beautiful towns and villages that comprise the Area of Outstanding Natural Beauty that is the Cotswolds.
Resort Facilities Include:
Three tennis courts (1 floodlit) Childrens play area.
Two fishing lakes (coarse & fly)
Croquet lawn
Boules piste
Table tennis
Games room with pool table and games machines and soft play area
Football goal, Volley ball net
Leisure Facilities
A whole host of additional leisure pursuits are available in Cotswold Water Park area including: - Water-Skiing, Wind-surfing, Sailing, Canoeing, Fishing (Fly and Coarse), Horse-riding, Picturesque walks and off-road cycling (suitable for children), Clay Pigeon Shooting, Swimming and Golf (Charges apply).
Holiday Use
The lodges are classed as holiday homes and cannot be used as Primary Residences. The potential exists for purchasers to generate additional rental income through holiday lets, please ask for more information.
Annual Running Costs
Ground Rent, reviewed annually, linked to RPI approx. 2,500 per annum.
Remainder of a 999 year lease.
Service Charge, reviewed annually, approx. 3,000 per annum
Council tax applicable if not run as holiday let. Band C
Errors and Omissions excepted (E&OE)
Service charge contribution includes:- 24 hour on site security, water rates, road maintenance, resort lighting, refuse collection, grounds maintenance, satellite television, and on resort leisure facilities.
Transport connections
Nearest train stations: Kemble (1hr10 to London), & Swindon (1hr to London). Nearest motorway: 15-20 minutes from Junction 15 of M4.
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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