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£995,000
Bedrooms
This much-loved family home is offered to the market for the first time in over twenty years and has been extended, improved and upgraded by the current owners.
Downstairs the versatile living space currently comprises of entrance hall, dual aspect living room with an open fireplace and French doors leading to the garden room. There is an 18 foot long formal dining room and separate sitting room, kitchen and breakfast areas which are fitted to a very high standard and benefit from views over the rear garden with French doors to the decking area. There is also the added bonus of a utility room and wc.
Upstairs the master bedroom benefits from an en-suite with bath and shower and has a Juliette balcony with lovely views over the rear garden. There are four further good size bedrooms (two of which also have garden views) plus a family bathroom. Internal viewing is highly recommended.
The sizeable rear garden which backs on to Calcot Park Golf Course is a fantastic place to unwind, relax and perfect for children to explore and enjoy. There is a raised decking area with ample space for outdoor furniture / barbecues etc. The decking leads onto a large expanse of well tended lawn.
Driveway parking for several vehicles, with enough space for a caravan. The garage is 15ft x19ft, has an up and over door, light and power, wiring for an electric car charger and rear door to the garden.
Fairway Avenue is a prestigious road, located just off Halls Road in Tilehurst. Nearby Tilehurst village centre has a comprehensive range of amenities including cafes, pubs, supermarkets, pharmacies etc. Junction 12 of the M4 is within a few minutes drive, and is also where the Sainsburys supermarket and Ikea retail park are located.
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.
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