6 bedroom detached for sale

£1,200,000 Guide Price

6

Bedrooms

6

Bathrooms

Floorplan

Randalls Residential Estate Agents. An exceptional detached Edwardian six-bedroom family home in excellent order, located in South View within walking distance of the station and with ample gated driveway parking.

Reception hall, drawing room, morning room, family room, orangery/dining room, conservatory, kitchen, utility room, ground floor bathroom, four first floor bedrooms each with en-suites, two second floor bedrooms and shower room, garden, ample gated parking.
EPC Band E

M3 J6 1 mile
London Waterloo from 45 minutes

Situation

Richmond Road is conveniently located in South View, a mature and select residential Conservation Area just to the north of Basingstoke town centre and within a leisurely walk of the mainline station.

Basingstoke has a comprehensive range of leisure, recreational and educational facilities and is well located for ease of communication to London, either by car on the M3, or by rail with fast and frequent services to Waterloo.

The property

Built in 1903 for the proprietor of the local newspaper, Griffon House has been sympathetically extended, maintained and improved by the current owners over the last 40 years. It offers spacious accommodation extending to about 3620 sq.ft. which retains much of its original character and has the potential to create a ground-floor annexe.

On the ground floor, the front door opens to the grand reception hall with the staircase rising and turning to the first-floor landing. To one side is the elegant double drawing room and to the other is the morning room, both with attractive fireplaces. The orangery has three sets of French doors opening to the garden and serves as the dining room as it adjoins the kitchen which is comprehensively fitted. Beyond the kitchen, the family room has bi-fold doors opening to the garden and with an adjoining bathroom, this offers annexe potential. There is also a conservatory and a utility room.

On the first floor, there are four ensuite double bedrooms and a laundry room and on the second floor there are two further bedrooms and a shower room.

For further information, please refer to the floorplan.

Outside

To the front there is a gated gravel driveway providing ample parking, screened from the road by mature trees.

The rear garden is a delight. The doors from the house open to a large, paved terrace with fish-pond and various plants and shrubs, beyond which is the lawn with a number of mature trees providing privacy. There is a summer house, a gym/greenhouse/pool room and a useful store.

Services
All mains services are available. Gas central heating

Local authority
Basingstoke and Deane Borough Council

Viewing
By prior appointment through Randalls Residential on

Post Code RG21 5NX

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

£ 993950

Mortgage Loan to Value

%

Gross Yield

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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
    £ 30000
  • 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

£ 93950
  • 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

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  %

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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