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£395,000
Bedrooms
Bathrooms
The Hermitage is accessed by a long driveway from the Garendon Park Estate and enjoys an approximately 0.25 acre plot surrounded by mature gardens and trees. The stone and brick building with grounds would ideally suite those looking for a small holding type opportunity. Internally the property comprises boot room, boiler/cloakroom, open plan living space with lounge and dining areas, conservatory, kitchen, bathroom and two first floor bedrooms. The location and plot are a particular feature of sale and although the new Garendon Country Park currently in development is nearby the grounds still provide a beautiful and secluded setting. The gardens are laid mainly to lawn with mature plants, shrubs and trees to the boundaries, there is a pond and a series of out-stores, sheds and former pig sty. EPC RATING F.
Detailed Accommodation - Timber entrance door through to the boot room/ utility.
Boot Room - 4.78m x 1.98m (158 x 66) - Ceramic tiled flooring, two windows, radiator. This entrance space would serve but also has water connections to supply a washing machine and utility appliances. There is a work surface and doors accessing the boiler room/cloakroom, an inner hall and bathroom.
Boiler/Cloakroom - 2.34m x 1.70m (78 x 57) - There is a floor standing worcester oil fired central heating boiler, cloaks hanging space and multipaned window.
Inner Lobby - Stairs accessing the first floor and doors accessing the breakfast kitchen and the open plan living space.
Breakfast Kitchen - 3.33m x 3.18m (front of chimney breast) (1011 x 1 - Two windows to two elevations overlooking the gardens, a one and a half bowl single drainer stainless steel sink unit, units to the wall and base, electric cooker point, a Rayburn range oven (not tested), exposed beam ceiling, radiator.
Open Plan Living Space - 8.26m x 3.63m max 3.51m min (271 x 1111 max 116 - The open plan living space has two main areas to accommodate lounge and dining space with two radiators, two windows overlooking the rear garden and an inglenook fireplace with half exposed brick chimney breast, timber over mantel and feature beam to the inglenook. There is a door accessing a conservatory.
Conservatory - 5.03m x 2.62m (166 x 87) - The conservatory is timber frame and has double doors overlooking and accessing the garden.
First Floor - On the first floor there are two double bedrooms.
Bedroom One - 3.66m x 3.51m (to side of chimney breast) (12 x 1 - A window overlooking the garden, radiator.
Bedroom Two - 3.68m x 3.18m (side of chimney breast) (121 x 10 - Windows to two elevations one of which overlooks the rear garden, radiator, airing cupboard housing the hot water cylinder.
Outside - The Hermitage is accessed by a long driveway and on the approach The Hermitage stands back surrounded by mature trees on a generous plot measuring approximately 0.25 acres.
To the front of the property there are lawned areas and a pathway to the front door. There is access to a series of stores one of which has electric light and power which could be used as a small workshop.
To the side of the property there is a courtyard and gated side access to the main rear garden.
The main garden is a particular feature of sale with mature trees and plants, a bridge over the pond (currently drained).
Map location is not available for this property.
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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