Breachfield Road, Barrow Upon Soar, Leicestershire

1 /2
Available / For Sale

Sinclair Estate Agents, Charnwood

15 High Street, Sileby Leicestershire

4 bedroom detached for sale

£375,000 Offers over

4

Bedrooms

2

Bathrooms

Floorplan

This four bedroom family home is situated in the ever popular village of Barrow Upon Soar and offers accommodation which in brief comprises; porch, living room, family dining kitchen, utility room, downstairs wc, study (part of original garage). On the first floor landing gives way to four bedrooms with an en-suite and dressing room/walk-in wardrobe to the master; and a family bathroom. Outside there is a driveway providing off road car standing and an enclosed and private garden to rear.

Detailed Accomodation - uPVC double glazed entrance door with inset window through to the porch.

Porch - uPVC double glazed construction, built in storage cupboard, wood flooring, door through to the living room.

Living Room - 4.37m x 5.08m (including stairs to the first floor - There is a feature central fireplace with marble effect hearth and surround and an inset gas fed fire, two radiators, uPVC double glazed bay window, door accessing the family dining kitchen.

Family Dining Kitchen - 5.11m x 2.72m (169 x 811) - The kitchen has a stainless steel sink unit with a chrome mixer tap over and matching drainer with cupboards under, fitted units to the wall and base, roll edge worksurfaces, tiled surround, electric hob with extractor fan over and double oven and grill. Plumbing for dishwasher, uPVC double glazed window, double doors overlooking and accessing the rear garden. There is a door accessing the utility room.

Utility Room - 2.74m x 2.11m (90 x 611 ) - Single drainer stainless steel sink unit with chrome mixer tap over and cupboard under, concealed gas fed boiler, plumbing for washing machine, space for further appliances, uPVC double glazed window and door to the rear accessing the garden, door accessing the study and wc.

Downstairs Wc - Fitted with a low flush wc, uPVC double glazed opaque glass window and radiator.

Study - 3.58m x 2.16m (119 x 71) - The study has been created from part of the original garage, there is a radiator, uPVC double glazed opaque glass window. Personnel access door to the existing garage space/store room.

Garage Space/Store Room - 2.51m x 3.66m (83 x 120) - Up and over door, electric light and power.

First Floor - On the first floor landing gives way to four bedrooms with dressing room and en-suite to master; and a family bathroom, there is a loft access hatch and store cupboard.

Master Bedroom - 4.90m x 3.58m (161 x 119) - uPVC double glazed window, radiator, doors accesing the dressing room/walk-in wardrobe and en-suite. DRESSING ROOM/WALK-IN WARDROBE - 1.91m x 1.55m (63' x 51').

Master En-Suite - 1.91m x 1.55m (63' x 51') - The en-suite is fitted with a white three piece suite, shower cubicle, pedestal wash hand basin, chrome towel rail, uPVC double glazed opaque glass window.

Bedroom Two - 3.07m x 3.00m (front of wardrobe/cupboard) (101 x - uPVC double glazed window overlooking the garden, radiator and double built in wardrobe/cupboard.

Bedroom Three - 3.58m x 2.54m (front of wardrobe/cupboard) (119 x - uPVC double glazed window, radiator, built in wardrobe/cupboard.

Bedroom Four - 2.44m x 1.70m minimum 2.69m maximum (80 x 57 min - uPVC double glazed window, radiator, built in storage cupboard.

Family Bathroom - Fitted with a white three-piece suite, comprising P shaped panel shower bath with low flush wc, vanity unit surmounted with a wash hand basin with storage under, heated towel rail, uPVC double glazed opaque glass window.

Outside - To the front of the property is a block paved driveway providing off road car standing. To the rear there is an enclosed an private garden with slabbed patio granite stone wall, the garden beyond is laid mainly to lawn, there is timber screened fencing to the boundaries and a timber built shed.

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £1,621.75

Total Interest: £208,830.27

Overall Total: £583,830.27

Amortization For Monthly Payment: £1,621.75 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£11,889.59 £7,571.42 £367,428.58 
2026£11,643.72 £7,817.29 £359,611.30 
2027£11,389.87 £8,071.14 £351,540.16 
2028£11,127.77 £8,333.24 £343,206.92 
2029£10,857.16 £8,603.85 £334,603.07 
2030£10,577.76 £8,883.25 £325,719.82 
2031£10,289.29 £9,171.72 £316,548.10 
2032£9,991.45 £9,469.56 £307,078.55 
2033£9,683.94 £9,777.06 £297,301.48 
2034£9,366.45 £10,094.56 £287,206.92 
2035£9,038.64 £10,422.37 £276,784.56 
2036£8,700.19 £10,760.82 £266,023.74 
2037£8,350.75 £11,110.26 £254,913.48 
2038£7,989.96 £11,471.05 £243,442.43 
2039£7,617.45 £11,843.55 £231,598.88 
2040£7,232.85 £12,228.16 £219,370.72 
2041£6,835.76 £12,625.25 £206,745.47 
2042£6,425.77 £13,035.23 £193,710.24 
2043£6,002.47 £13,458.53 £180,251.70 
2044£5,565.43 £13,895.58 £166,356.12 
2045£5,114.19 £14,346.82 £152,009.31 
2046£4,648.30 £14,812.71 £137,196.59 
2047£4,167.28 £15,293.73 £121,902.86 
2048£3,670.64 £15,790.37 £106,112.49 
2049£3,157.87 £16,303.14 £89,809.35 
2050£2,628.45 £16,832.56 £72,976.78 
2051£2,081.83 £17,379.18 £55,597.61 
2052£1,517.47 £17,943.54 £37,654.07 
2053£934.78 £18,526.23 £19,127.84 
2054£333.17 £19,127.84 £0.00 

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

£ 299,575

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 20,339

Cumulative Rental Profit

£ 203,391

Cost of Purchase

£ 18,325
  • Stamp Duty
    £ 6,250

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 9,375
  • 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

£ 24,661
  • Mortgage Interest
    £ 13,481

    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)
    £ 5,940
  • Letting Fee
    £ 240
  • Maintenance
    £ 4,500
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

Adjust these figures

  %
  %
£
  %

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

£ 420,902
  • Final Equity Profit
    £ 217,510

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £ 203,391

    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

£ 610,835

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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