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£2,500,000 Guide Price
Bedrooms
Bathrooms
2 Miles Road is a handsome semi-detached Victorian townhouse that has been much loved and cared for by its current owners since 1978. The property now presents a rare opportunity for a new owner to sympathetically refurbish and modernise throughout and put their stamp on this beautiful period home.
Accessed via original stone steps leading to the raised ground floor level, a handsome entrance portico leads to a useful entrance lobby with a stunning floor-to-ceiling curved leaded glass window. Partly glazed doors open into a grand and welcoming hallway, featuring ornate cornicing, a ceiling rose, intricate period detailing, and original tiled flooring, all of which set an elegant tone for the home.
The front of the house hosts a beautifully proportioned reception room with triple bay sash windows, a wealth of original features, and a marble-surround open fireplace. Opposite, an equally elegant dining room overlooks the rear garden; with high ceilings, a marble-surround fireplace, and exquisite period detailing.
Adjacent to the dining room is a dual-aspect morning room / second study offering views of the rear garden. A front-facing study, with its floor-to-ceiling sash window framed by original wooden shutters, enjoys views over the southwest-facing front garden. The raised ground floor also features a guest cloakroom, accessed conveniently from the main hallway.
The lower ground floor offers a flexible family living space and enjoys generous ceiling heights and plenty of natural light. This level has the added benefit of independent access via a side door leading into an informal entrance hall. This practical space is perfect for coats, boots, while a utility room provides valuable additional storage, a sink, and space for washing and drying machines, as well as housing a recently installed Worcester boiler.
The kitchen is a delightful, light-filled space with a south-westerly aspect, enhanced by triple bay sash windows overlooking the front garden. At its heart is a striking Coalbrookdale stove range, serving as a captivating focal point, beautifully paired with an original wall-to-wall pine dresserboth offering a charming nod to the rich history of this wonderful home. A central island, freestanding gas cooker, and dishwasher effortlessly blend character with modern convenience.
Opposite the kitchen, a spacious family room overlooks the rear garden, featuring two sash windows with original shutters and an open fireplace. A breakfast room is located at the front of this floor, offering additional versatility. The lower ground floor also includes a WC, an old coal store offering valuable extra storage space (and with conversion potential), and a coat cupboard.
The original wooden staircase, complete with an elegant balustrade and cast-iron spindles, leads gracefully from the entrance hall to the first floor, where a useful airing cupboard is located on the half landing.
The dual-aspect principal bedroom is an impressive retreat, boasting access to an en-suite bathroom. The first floor also features three additional spacious bedrooms, each with a distinctive fireplace and sink. There is also a large and useful cupboard, currently utilised as additional storage for clothing.
The landing level between the first and second floors features a bathroom complete with a bath, overhead shower, sink, WC, and a large sash window. The second floor provides three additional bedrooms, including two generously sized doubles with original fireplaces and a charming single room, perfect as a childs bedroom or study.
Outside:
The southwest-facing front garden creates a delightful first impression, with stone pathways bordered by mature planting and a mature wisteria.
The rear garden, designed for privacy and low maintenance, features flagstone pathways, decorative chippings, and a central water feature, creating an ideal space for relaxation or entertaining. Gated off-street parking enhances the practicality of this exceptional family home.
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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