5 bedroom detached for sale

£437,000 Guide Price

5

Bedrooms

Floorplan

MODERN METHOD OF AUCTION - T&Cs and Buyers Fees Apply - Partridge Homes is thrilled to present this unique and spacious five/six-bedroom detached family home to the market. Offering incredible versatility, this property is ideal for use as a large family home or as an investment opportunity, with potential to convert it into an HMO, nursery, or care facility (subject to planning permission). The ground floor boasts three impressive reception rooms, one of which features a guest W/C, a generously sized kitchen, a luxurious fitted bathroom, an additional guest W/C, and access to a cellar conveniently located off the kitchen. On the first floor, youll find three well-proportioned bedrooms, including one with an en-suite, a fire escape off of the landing, as well as stairs leading to the second floor. The second floor accommodates two additional bedrooms, a shower room, and a fire escape. The expansive garden offers significant potential for further extension (subject to planning permission), while the property also benefits from an in-and-out driveway with gated access leading to the rear garden. This remarkable property must be viewed internally to fully appreciate its size and potential.

Auctioneer Comments
This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4% of the purchase price including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with Brookvale Auctions and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

LEGAL PACK PENDING

Referral Arrangements
The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Reception Room One 4.37m (144) x 3.78m (125)
Reception Room Two 5.33m (176) x 3.73m (123)
W/C 1.90m (63) x 0.97m (32)
Kitchen 4.01m (132) x 2.36m (79)
Downstairs Bathroom 4.01m (132) x 2.36m (79)
Recption Room Three 5.36m (177) x 2.34m (78)
Downstairs W/C 2.18m (72) x 1.55m (51)
Bedroom One 5.28m (174) x 4.19m (139)
En-Suite 3.68m (121) x 1.32m (44)
Bedroom Two 5.61m (185) x 3.78m (125)
Bedroom Three 3.78m (125) x 3.66m (120)
Bedroom Four 3.40m (112) x 4.01m (132)
Bedroom Five 5.41m (179) x 5.28m (174)
Shower Room 1.22m (40) x 1.45m (49)
Cellar 4.17m (138) x 2.67m (89)



Features
  • Freehold

Mortgage Calculator

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 )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 363225

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 10925
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

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.

Annual Costs

£ 35475
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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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.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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