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Orion Holidays, The Gateway Centre, Spine Road East, South Cerney, Gloucestershire, GL7 5TL
£950,000
Bedrooms
Bathrooms
Reception
Plot 39: The Sommen
Own one of the last five, south-facing plots at Waters Edge and build the beautiful, reverse living styled Somme Housemodern design meets Scandinavian style, with the bonus of strong holiday let potential.
The Sommen House combines modern design with timber and render detailing, large windows, and an elevated living space to make the most of the stunning lake and nature views. The reverse living layout places the main living areas on the first floor, flooding them with light and scenery. The highlight is the generous deck that extends over the water, finished with glass balustrades for uninterrupted viewsa perfect spot for dining, entertaining, or simply relaxing. Upstairs, private terraces offer even more outdoor space to enjoy the surroundings.
At the centre of the home on the first floor is a spacious open-plan kitchen, living, and dining area, perfectly designed for both family living and entertaining. Trivselhus has cleverly created a sense of separation between the kitchen and living space using the staircase, while maintaining an open, flowing layoutideal for hosting and sure to appeal to holiday let guests. This area also opens out onto its own private terrace, separate from the master bedroom terrace, creating even more space to relax and enjoy the views.
The ground floor features three bedrooms, including one with an en-suite, along with a family bathroom and a separate utility room. From here, you can step out onto the impressive cantilevered deck, which extends over the water for a truly unique outdoor experience.
Waters Edge is an intimate development of approximately 50 homes, set around a beautiful lake where you can enjoy non-motorised water sports, peaceful fishing, or simply watch the local wildlife. Entry is via a private electric gate, and the five remaining land-and-build plots are positioned at the far end of the development, offering an added sense of seclusion and tranquillity.
Service charge circa 3,400 per annum, and not for profit.
Disclaimer: The images used are CGI's and are representative of the final build quality and design; however, some aspects of the design & build may vary.
Errors & Omissions excepted (E&OE)
Map location is not available for this property.
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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