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£1,250,000 Offers over
Bedrooms
Bathrooms
Randalls Residential Estate Agents. A deceptively spacious 5 bedroom detached family home offered in excellent order with a private garden enjoying lovely open views to the rear. No onward chain
Spacious reception hall, drawing room, sitting room, study, excellent lifestyle kitchen/family/dining room, utility room, cloakroom, master bedroom with en-suite bathroom and dressing room/bedroom 6, guest bedroom with en-suite bathroom, three further double bedrooms, family bathroom, double carport, garden.
EPC Band D
Basingstoke 5 miles
M3 (Junction 7) 4 miles
London waterloo via Basingstoke Station from 45 minutes.
Situation
Pardown is a quiet no-through lane, one of the premier residential areas on the edge of Oakley, a popular village on the Western edge of Basingstoke. The village provides facilities catering for all day- to- day requirements, including a popular village school, shop and supermarket, public house, tennis courts, church and dentist and doctors surgeries.
Nearby Basingstoke provides a far more extensive range of leisure, recreational and education facilities. Commuting is excellent with access to the mainline railway station at Basingstoke providing fast and frequent services to London Waterloo and the M3 can be accessed at Junction 6 & 7.
The property
The Money Pit, as the name implies, was built by the current owners some 25 years ago with little regard to the cost and it is a most impressive and individual detached village home. The spacious accommodation extends to about 3,400 sq.ft and is in excellent order throughout.
On the ground floor, there is a spacious reception hall, a drawing room with log burner and French doors opening to the rear terrace, a sitting room with an attractive fireplace and a study, but the heart of the house is the impressive lifestyle family kitchen. This is comprehensively fitted with an extensive range of hand-made units with marble worksurfaces and dining table and has a two oven Aga. It overlooks the garden with French doors to the terrace and a door to the carport and it too has an attractive open fireplace. There is also a utility room and a cloakroom.
On the first floor, the master bedroom has an ensuite dressing room (with potential for a nursery of 6th bedroom) and an en-suite bathroom and the guest bedroom also has an ensuite bathroom. There are three further double bedrooms and the family bathroom.
Outside
To the front the property is set back and screened from the lane behind a laurel hedge behind which is the sheltered front garden. The gravel driveway provides ample parking and there is a useful double carport.
To the rear, the garden is level, private and fully enclosed with a high brick wall to one side and post and rail fencing to the rear giving a lovely open aspect over paddocks. Mainly laid to lawn, there is a large, paved terrace and vegetable and flower beds. The tool shed offers potential as a lovely garden office with a part covered terrace to one side.
Services
Mains water and electricity. Oil central heating and Aga, underfloor heating to the ground floor. Private drainage to septic tank
Local authority
Basingstoke and Deane Borough Council
Viewing
By prior appointment through Randalls Residential Estate Agents in Basingstoke
Post Code RG23 7DY
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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