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£700,000
Bedrooms
Bathrooms
This very desirable property is located towards the end of a cul-de-sac in Oakland Avenue. The road features an array of attractive period homes, and is handily located on the cusp of Pittville and Prestbury. Pittville Park, Cheltenham Town Centre, and popular schools are all within easy reach.
I think you will agree that the property is very attractive both inside and out. The current owners bought the property from Peter Ball & Co, and in the eleven years of tender have improved and updated their home. There are a number of lovely features including shutters, fireplaces and Oak floors. The generous proportions are complemented by a versatile layout. Another often desired, yet hard to find feature, is the two storey extension, previously a self-contained annex, and easy to convert back. This space now provides an additional reception room with bi-folding doors overlooking the garden, a utility room, cloakroom and door to the side access. Whilst upstairs has a double bedroom and en-suite shower room.
The original part of the house briefly comprises; an entrance hall, living room with French doors into a dining room, and a large galley style kitchen with modern fitted appliances, a pantry, and breakfast area with vaulted ceiling and bi-fold doors overlooking the garden. The first floor provides a family bathroom, and the three double bedrooms. The master suite enjoys views across the roof-tops to Cleeve Hill, a stunning en-suite with composite stand-alone bath and shower, and an open staircase leading up to a useful loft space currently used as an office.
Outside provides driveway parking for two vehicles, and gated side access leading to an impressive garden with a large lawn and patio.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £3,027.27
Total Interest: £389,816.50
Overall Total: £1,089,816.50
Amortization For Monthly Payment: £3,027.27 over 30 years ( Based on 3.20% Interest )
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 2025 | £22,193.91 | £14,133.31 | £685,866.69 |
| 2026 | £21,734.95 | £14,592.27 | £671,274.42 |
| 2027 | £21,261.09 | £15,066.13 | £656,208.29 |
| 2028 | £20,771.84 | £15,555.38 | £640,652.91 |
| 2029 | £20,266.70 | £16,060.52 | £624,592.39 |
| 2030 | £19,745.16 | £16,582.06 | £608,010.33 |
| 2031 | £19,206.68 | £17,120.54 | £590,889.80 |
| 2032 | £18,650.71 | £17,676.50 | £573,213.29 |
| 2033 | £18,076.70 | £18,250.52 | £554,962.77 |
| 2034 | £17,484.04 | £18,843.18 | £536,119.59 |
| 2035 | £16,872.13 | £19,455.08 | £516,664.51 |
| 2036 | £16,240.36 | £20,086.86 | £496,577.65 |
| 2037 | £15,588.07 | £20,739.15 | £475,838.50 |
| 2038 | £14,914.59 | £21,412.62 | £454,425.87 |
| 2039 | £14,219.25 | £22,107.97 | £432,317.90 |
| 2040 | £13,501.32 | £22,825.89 | £409,492.01 |
| 2041 | £12,760.09 | £23,567.13 | £385,924.88 |
| 2042 | £11,994.78 | £24,332.44 | £361,592.45 |
| 2043 | £11,204.62 | £25,122.60 | £336,469.85 |
| 2044 | £10,388.80 | £25,938.42 | £310,531.43 |
| 2045 | £9,546.49 | £26,780.73 | £283,750.70 |
| 2046 | £8,676.82 | £27,650.39 | £256,100.31 |
| 2047 | £7,778.92 | £28,548.30 | £227,552.01 |
| 2048 | £6,851.85 | £29,475.36 | £198,076.65 |
| 2049 | £5,894.68 | £30,432.53 | £167,644.12 |
| 2050 | £4,906.43 | £31,420.78 | £136,223.33 |
| 2051 | £3,886.09 | £32,441.13 | £103,782.20 |
| 2052 | £2,832.61 | £33,494.61 | £70,287.60 |
| 2053 | £1,744.92 | £34,582.29 | £35,705.30 |
| 2054 | £621.91 | £35,705.30 | £0.00 |
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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Sat May 03 2025
All confirmed! We look forward to speaking with you.
Sat May 03 2025
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