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£1,275,000 Guide Price
Bedrooms
Bathrooms
Randalls Residential Estate Agents. A brand-new detached family home, one of just three now ready for immediate occupation, located in a private gated drive close to the heart of this popular village
Reception hall, sitting room, dining room, study, kitchen/breafast room, utility room, cloakroom, master and guest bedrooms both with en-suite dressing rooms and shower rooms, two further bedrooms, family bathroom, detached double garage, gardens, 10 year warranty.
EPC Band B
Basingstoke 2 miles
Alton 10 miles
London Waterloo from 45 minutes
SITUATION
Cliddesden is a popular village located just 2 miles to the south of Basingstoke. Within the village there is a traditional duck pond, a church, a thriving village hall, a popular pub and a highly regarded primary school, and Audleys Wood country hotel is close by.
Nearby Basingstoke offers a comprehensive range of leisure, educational and recreational facilities, and commuting is excellent with easy access to the M3 at junction 6 and to Basingstoke station (Waterloo from 45 minutes).
THE PROPERTY
Cherry Tree drive is a select development of just three exceptional properties located in a private gated drive. The properties are fully completed and ready for immediate occupation.
Number 1 Cherry Tree Drive is located right at the end of the close, and has a large, paved driveway in front and a secluded and surprisingly large south facing rear garden. It offers excellent family accommodation which extends to about 23044 sq.ft in total and has underfloor heating throughout the ground floor.
On the ground floor, the front door opens to the spacious reception hall from which the stairs rise to the first-floor landing. There are three separate reception rooms: the dual aspect sitting room with log-burning stove, the dining room with bi-fold doors opening to the rear garden and the study. The kitchen/breakfast room is comprehensively fitted and has two sets of bifold doors opening onto and overlooking the rear garden. There is also a utility toom and a cloakroom.
On the first floor, both the master and guest bedrooms have en-suite dressing and shower rooms, and there are two further bedrooms and the family bathroom.
For further details please refer to the floorplan.
OUTSIDE
To the front, there is a large private paved drive off which is the detached double garage.
To the rear, the garden is level and fully enclosed and is laid to lawn with a paved terrace. It enjoys a high degree of privacy and a southerly orientation.
Additional Information
Services
Mains water, electricity and drainage. Air source heat pump with underfloor heating to the ground floor. 10 year warranty.
Tenure
Freehold
Local Authority
Basingstoke and Deane Borough Council
Viewing
Strictly by appointment through Randalls Residential estate agents in Basingstoke.
Directions RG25 2JG
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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