4 bedroom detached for sale

£275,000 Guide Price

4

Bedrooms

1

Bathrooms

2

Reception

Floorplan


Situated in the highly popular conservation area of Clifton Village, the property briefly comprises; porch, entrance hall, downstairs WC, living room, kitchen diner, UPVC double glazed conservatory to the ground floor. To the first floor, there are four bedrooms and a family bathroom. To the rear of the property, there is an enclosed garden with paved patio and laid lawn. The property further benefits from a double garage to the rear.

Clifton Village itself is well-connected to the city through various transportation links to Nottingham city center, Nottingham university Clifton Campus, Queens medical centre and Ring Road with regular bus services and easy access to the A453 and A52.

An early viewing of the property is highly recommended.

In brief the property comprises of;-

UPVC double glazed porch leading to Entrance Hall.

Large Entrance hall having downlighters, electric heater, under stairs storage cupboards additional storage cupboard, staircase leading to first floor door leading to;-

Downstairs Cloak Room, having WC and wash hand basin.

Living Room with electric heater, downlighters, UPVC picture window overlooking the rear garden.

Kitchen/DinerHaving a fitted kitchen with a range of wall, base and draw units, integrated electric oven and hob with extractor fan over, inset stainless steel sink with mixer tap over, space for fridge, plumbing for automatic washing machine. Open plan to dining area with space for table and chairs, electric heater, down lighting throughout and patio doors leading to conservatory.

Conservatory Having tiled floor, doors to rear garden

Stairs leading to first floor

Landing - Gallery style balustrade, window to front aspect, storage cupboard and doors leading to bedrooms and bathroom.

Bedroom One UPVC double glazed window overlooking rear garden, electric wall heater, range of fitted bedroom furniture to include two wardrobes with ample hanging space, a range of top cupboards, dressing table and drawers.

Bedroom Two UPVC double glazed window overlooking rear garden, fitted wardrobes providing hanging and storage space, electric wall heater.

Bedroom Three UPVC double glazed window overlooking front garden, electric wall heater and storage cupboard

Bedroom Four Currently being used as an office having UPVC double glazed window to front aspect, storage cupboard and downlighters.

Outside - The property has a large rear garden which is mainly laid to lawn, shrub borders, paved patio area giving ample space for al fresco dining.

The property also benefits from having a double garage to the rear.

Disclaimer: Council Tax Band Rating - Nottingham City Council - Band C. This information was obtained through the directgov website. Robins Estates cannot guarantee the accuracy of this information, and we advise you to make further checks before entering into any agreement to purchase.

The vendor has advised the following: Property Tenure is Freehold.

Agents Disclaimer: Robins Estates, their clients, and employees 1: Are not authorized to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assume that the property has all necessary planning, building regulation or other consents and Robins Estates have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.

Purchaser information - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. Robins Estates require successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the fund originated from. This evidence will be required prior to Robins Estates removing a property from the market and instructing solicitors for your purchase.

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

£ 229575

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

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
    £ 6875
  • 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

£ 23325
  • 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

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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