4 bedroom detached for sale

£350,000

4

Bedrooms

1

Bathrooms

Floorplan

This generously proportioned four bedroom family home occupies a pleasant position on the sort after Homeway Close. The property enjoys a 239 long living room and further accommodation comprising reception hall, utility room and w.c, fitted kitchen and separate dining room. On the first floor are four well proportioned bedrooms and a refitted family bathroom. Outside there are gardens to the front and rear, a driveway providing parking, a carport and garaging.

Detailed Accommodation - Accessed through a uPVC double glazed entrance door to the reception hall.

Reception Hall - Stairs accessing the first floor, door accessing the utility room/w.c, fitted kitchen and generously proportioned living room which also in turn accesses the separate dining room.

Utility/W.C - Has plumbing for washing machine, space for tumble dryer, wall mounted Worcester Bosch combination gas boiler, low flush white w.c. pedestal wash hand basin and window to side elevation.

Fitted Kitchen - 4.32m x 3.00m (142 x 910 ) - Featuring a single drainer stainless steel sink unit, with cupboards under, fitted units to the wall and base, rolled edged work surfaces, tile surrounds, gas hob, eye level oven, uPVC double glazed window overlooking the rear garden, door accessing the garden, plumbing for dishwasher, space for tall standing fridge freezer and access to the separate dining room.

Dining Room - 4.01m x 2.74m (132 x 90) - Having uPVC double glazed doors overlooking and accessing the garden, radiator, door accessing under stairs storage cupboard and door accessing the living room.

Living Room - 7.24m x 3.68m (239 x 121) - This generously proportioned living space has three uPVC double glazed windows, three radiators and a feature fireplace.

First Floor Landing - Gives way to four well proportioned bedrooms, refitted family bathroom, loft access hatch and storage cupboard.

Bedroom One - 3.71m x 3.71m (to front of wardrobe/cupboard (122 - With uPVC double glazed window, radiator and double fitted wardrobe/cupboard.

Bedroom Two - 3.02m x 4.19m (911 x 139) - Having uPVC double glazed window overlooking the garden and radiator.

Bedroom Three - 3.40m x 2.84m (112 x 94) - Having uPVC double glazed window and radiator.

Bedroom Four - 2.95m x 2.11m (98 x 611) - Having uPVC double glazed window overlooking the garden and radiator.

Refitted Family Bathroom - Fitted with a modern white three piece suite comprising panelled bath with combination chrome shower tap, low flush w.c with concealed cistern, vanity unit surmounted by wash hand basin with chrome mixer tap over, draw storage under, new tile splash back, heated towel rail and uPVC double glazed window.

Outside -

Rear Garden - The rear garden is mature and enclosed with fenced boundaries. The garden is laid mainly to lawn with slabbed pathways and gravelled patio area and towards the rear of the garden there is a storage shed.

Front - The property occupies a pleasant position on this sort after close with a lawned front garden and ornamental tree and a driveway providing parking which in turn leads to a covered carport area.

Carport - 4.90m x 3.61m (161' x 1110') - Which in turn accesses the garage and access gate to the rear garden.

Garage - 5.31m x 2.26m max (175 x 75 max) - With up and over door, electric light and power, personal access door and window to the garden.

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

£ 291450

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
    £ 8750
  • 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

£ 28950
  • 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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