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£1,250,000 Guide Price
Bedrooms
Bathrooms
Randalls Residential Estate Agents. A detached five bedroom family home in a small, gated community on a private island on the river Kennet
Reception hall, drawing room, sitting room, study, dining room, kitchen/breakfast room, cloakroom, utility room, master bedroom with en-suite bathroom, guest bedroom with en-suite shower room, three further double bedrooms, family bathroom, detached double garage, garden.
EPC Band C
Basingstoke 16 miles Reading 4 miles London Paddington from Reading from 23 minutes
Situation
Located between Burghfield and Reading, Dewe Lane is an enchanting, gated development on a small private island in the River Kennett. It is a delightfully watery and wooded location with a semi-rural feeling yet convenient for easy access to the facilities within Burghfield itself and the extensive leisure, educational and recreational facilities in nearby Reading.
Commuting is excellent with easy access to junctions 11 and 12 of the M4, and Paddington station is from 23 minutes from Reading station.
The property
With fishing and mooring rights, 5 Dewe Lane backs onto the river and overlooks a wooded nature reserve on the other side. The property offers comfortable family accommodation extending to about 2,546 sq.ft and is offered in excellent order throughout.
On the ground floor, the front door opens to the reception hall from which the staircase rises to the first floor, with cloakroom off. There are three separate reception rooms. The dual aspect drawing room has an attractive stone fireplace and both this and the sitting room have French doors opening to the rear terrace with views over the garden to the river beyond. The dining room and separate study both overlook the front. The kitchen/breakfast room is fully fitted and has a walk-in larder and a glazed breakfast bay with French doors to the garden and there is a utility room.
On the first floor, the master bedroom has an en-suite bathroom whilst the guest bedroom has an ensuite shower room. There are three further double bedrooms and the family bathroom. All of the bedrooms have wardrobes.
For further details, please refer to the floorplan.
Outside
To the front, the property there is a large block paved driveway with a detached brick-built double garage. To the rear, the garden is level and fully enclosed with a removable picket fencing along the river front. It is primarily laid to lawn with flower and shrub borders and has a terrace and two areas of decking and a summer house.
Services
Mains gas, water and electricity. Gas central heating. Communal estate Klargester sewage treatment plant included in a small estate charge.
Local authority
West Berkshire Council
Viewings
Strictly by prior appointment through Randalls Residential on
Postcode RG30 3SU
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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