Percuil Lodge, Roseland Parc, Truro, Cornwall TR2 5NH

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Available / For Sale

Retirement Villages Group Limited

1st Floor , Brunswick House, Regent Park, 297-299 Kingston Road, , Leatherhead

2 bedroom house for sale

£600,000

2

Bedrooms

3

Bathrooms

Floorplan

A unique opportunity within the very sought after independent retirement village of Roseland Parc. Percuil Lodge has come to the market for the first time since the village was built. The property is a 2 bedroom bed detached cottage in a prime location with its own south facing secluded garden with terrace and private parking. The property has been redecorated and re carpeted throughout and is presented in excellent condition. The front door opens to a spacious hallway leading to the superb fully fitted kitchen diner, the sitting room and study/diner with french windows onto the garden terrace and a fully fitted ground floor wetroom/ cloakroom. Stairs lead to the first floor landing and spacious master bedroom with ensuite shower room and dressing room. And also to the second double bedroom also with ensuite shower room.Roseland Parc, located historic village of Tregony, offers a unique blend of Independent Living that supports your present independence while ensuring future well-being. Spread across a beautifully landscaped seven-acre estate, the community boasts various amenities, including a restaurant, bar, indoor pool, hot tub, gym, croquet lawn, boules court, and bowling green. Tenure: Leasehold

Service Charge: 7,507 per annum
Ground Rent: 10 per annum
Council Tax: 2,569 per annum (Tax Band D)
Lease Length: 106 years remaining
Owners of a Retirement Villages Lease are required to pay an assignment fee on re-sale of the property which is a maximum of 12.5% of the re-sale price of the property when it is re-sold.

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

£ 497700

Mortgage Loan to Value

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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

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 15000
  • 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

£ 47700
  • 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

Adjust these figures

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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

Adjust these figures

  %

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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