3 bedroom detached for sale

£225,000 Guide Price

3

Bedrooms

1

Bathrooms

2

Reception

Floorplan


ROBINS ESTATES are delighted to offer for sale by Modern of Method Auction this three bedroom detached house situated within a couple of minutes to the centre of this extremely popular village.

Burton Joyce has a wealth of 'family friendly' amenities which include shops, popular schools, recreational facilities, places to dine out and regular public transport links, including rail within walking distance.

In brief, the accommodation comprises reception hallway, lounge, separate dining room and kitchen to the ground
floor. To the first floor, there are three good sized bedrooms, family bathroom and separate WC. To the outside,
there is a garden and driveway to the front which will accommodate multiple vehicles. To the rear is a private
garden

Entrance Hallway

Living Room - Radiator and UPVC double glazed window overlooking front aspect. 10'1 x 11'11 (3.07m x 3.63m)

Dining Room - Radiator and double glazed patio doors leading to garden 12'11x11'11 (3.94m x 3.63m)

KitchenHaving a range of wall, base and drawer units with laminated worktop over. Space and plumbing for automatic washing machine, Inset oven and hob with extractor fan over. Inset stainless steel sink with mixer tap, UPVC double glazed window to rear aspect, radiator.
12'11 x 8 (3.94m x 2.44m)

Pantry
6 '(max) x 3'11 (1.83m (max) x 1.19m)

First Floor Landing
Bedroom One - Radiator and UPVC double glazed window to rear aspect. 12'11 x 11'11 (3.94m x 3.63 m)

Bedroom Two -Radiator and UPVC double glazed window to front aspect. 9'1 x 11'11 (2.77m x 3.63m)

Bedroom Three - Radiator and UPVD double glazed window to rear aspect. 10' x 8' (3.05m x 2.44m)

Bathroom - Having white two piece suite comprising, panelled bath and wash hand basin set into vanity unit, chrome radiator/ towel warmer.
6 x 7'11 (max) (1.83m x 2.41m (max)

Toilet/WC - White low flush wc.
4'11 x 2'1 (1.50m x 0.64m

Outside To the rear the property is mainly laid to lawn with closed panel fencing. To the front of the property there is a driveway providing parking for several cars.

TENURE - FREEHOLD

COUNCIL TAX BAND D

Auctioneer Comments This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The buyer will pay 300 inc VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.2% of the purchase price inc VAT, subject to a minimum of 6,000 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than 450. These services are optional.

Disclaimer: Council Tax Band Rating - Gedling Borough Council - Band D which for 23/24 is 2,265.80 per annum . 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.

Agents Disclaimer: Robins Estates, their clients, and employees 1: Are not authorised 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.



Features
  • Freehold

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

£ 177075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 5625
  • 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

£ 8325
  • 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

  %
  %
£
  %

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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