5 bedroom detached for sale

£965,000

5

Bedrooms

2

Bathrooms

Floorplan

Built in 1924 this splendid home retains many period features including extravagant fireplaces to the reception rooms and a stained glass laylight to the landing. The property is beautifully presented and has been lovingly cared for bythe current owner since 1997, with a new roof in 2022, so we hope there will be no major expenses to surprise you.

Set back from The Avenue and screened by fencing and a mature hedgerow, double gates open onto the shingle driveway allowing parking for numerous vehicles, perfect for a multi-car home or when the kids start driving in the future. Timber double doors open into the porch with tiled floor and leaded light windows and front door opening into the reception hall. Imagine the effect of a glowing fire in the grate of this fabulous brick fireplace would have when welcoming guests. The formal sitting room features an art deco style fireplace with pillared surround and a lovely, curved bay overlooking the rear garden with fitted window seat. The separate snug will be the perfect venue for a cosy night in or could serve as a study for those who require a work from home space. Family feasts can be enjoyed in the dining room which has another gorgeous fireplace featuring extraordinary, curved brickwork and a large wooden mantle. A door leads into the conservatory which accesses the garden via double doors.

Enjoying a view to the front of the property the kitchen/breakfast room was enlarged and refitted in 2018. Shaker style units topped with oak block worktops host an integrated dishwasher, under counter fridge and a Rangemaster Professional Range Cooker with five ring induction hob. The peninsular unit offers a great spot to sit and chat to the chef whilst dinner is prepared and there is a walk-in pantry where youll find the central heating boiler which was replaced at the same time as the kitchen refurbishment. A stable door leads to a small courtyard with personnel door to the garage and access to the laundry room, with door to the garden.

The staircase rises to a large landing, which we believe may originally been even larger and galleried over the reception hall, even so it is very impressive with natural light flooding through the stained glass laylight from the skylight above. There are five bedrooms here, the primary benefitting from its own en-suite bathroom with four-piece suite including a double end bath and large shower cubicle. All of the bedrooms are generous double rooms, two have vanity units, and share the family bathroom which is also fitted with a four-piece suite with walk in shower.

The overall plot measures a smidge over a quarter of an acre, with gardens to both the rear and side. The more formal lawned rear garden is south facing and well screened with mature shrubs and conifers giving privacy to the patio area. The side garden has a further patio area and access gate to the driveway as well as a side door into the double garage. It is home to a magnificent beech tree, making the perfect support for a swing for the children, there is no evidence of any tree preservation order.

Being on the A27 there is easy access into Fareham or up to the M27 making the morning commute that little bit easier. Historic Titchfield village is just a half mile walk away where you will find a couple of pubs and local shops for your day to day essentials.

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

£ 788325

Mortgage Loan to Value

%

Gross Yield

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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
    £ 24125
  • 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

£ 64575
  • 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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