4 bedroom detached for sale

£550,000

4

Bedrooms

2

Bathrooms

Floorplan

Situated at the southern end of Abshot Road this home has lovely walks nearby and lies equidistant between Locks Heath Centre and Titchfield Village for your day to day essentials, the X4 bus stops right outside too so you wont even need to get in the car. For those with children St Johns Primary School is just at the top of the road and Brookfield is the catchment secondary school.

The white UPVC double glazed Georgian style windows give this home a most attractive look. The block paved driveway allows parking for three cars and leads to the single garage for storage/bikes or even a car. The front door opens into a porch with glazed door leading through into the hallway with wide access door to the cloakroom. Practical wood style flooring flows through into the sitting room at the front of the house has a very attractive fireplace as its centrepiece and a wide arch into the formal dining room at the rear with French doors onto the garden. The kitchen/breakfast room is well fitted with a good range of cupboards, a built in double oven and five burner gas hobs, from the breakfast area are doors into the utility room and a further reception room with loft storage.

The stairs lead up to a spacious landing with loft ladder. The master bedroom has fitted wardrobes and a modern en-suite shower room. There are three further bedrooms sharing the family bathroom which is fitted with a modern white suite.

Outside the rear garden has a paved patio with steps and low retaining wall leading up to the lawn with flower and shrub beds. There is a side access gate and personnel door into the rear of the garage where the gas boiler is located.
Please take a look at our full walk-through video tour, and call the office to arrange a viewing in person.

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

£ 456450

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
    £ 13750
  • 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

£ 43950
  • 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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