‘Royston House‘ Seagrave Road, Sileby, Leicestershire.

1 /2
Sold STC

Sinclair Estate Agents, Charnwood

15 High Street, Sileby Leicestershire

4 bedroom detached for sale

£439,950

4

Bedrooms

2

Bathrooms

Floorplan

Royston House is a stunning individual double bay fronted period residence situated on the ever popular Seagrave Road. The property retains period characteristics and is beautifully blended with contemporary living spaces. The accommodation comprises; living room, separate family room, redesigned and refitted family breakfast kitchen with access to a super dining space. There is a downstairs shower room and a converted cellar with boot room and utility room. On the first floor landing gives way to four double bedrooms and a family bathroom. Outside there is a generously proportioned rear garden with summerhouse and ample parking to the rear of the plot accessed from Springfield road.

Detailed Accomodation - Composite entrance door with inset double glazed windows through to the entrance porch.

Arched Entrance Porch - Cloaks hanging space, period tiled flooring, entrance door through to the reception hall.

Reception Hall - Beautifully retained period tiled floor, balustrade staircase accessing the first floor, wood strip doors accessing the two reception rooms, open plan family dining kitchen, uPVC double glazed entrance door and an adjacent window to the side elevation and door accessing the converted cellar. There is additional open access to the family breakfast kitchen.

Living Room - 4.85m x 3.30m (side of chimney breast and into bay - uPVC double glazed walk-in bay window, feature fireplace with marble effect hearth surround, the hearth is surmounted by a wood burning stove with built in storage to the side of chimney breast, wood strip flooring, picture railing.

Reception Room Two/Family Room - 3.76m x 3.48m (side of chimney breast and into bay - uPVC double glazed bay window, radiator, wood strip flooring, built in storage to the side of chimney breast, open fire place with tiled hearth surround.

Open Plan Family Breakfast Kitchen - 7.26m x 2.59m minimum 3.66m maximum (2310 x 86 m - This room is a particular feature of sale opening to a stunning family dining room. The breakfast kitchen has been thoughtfully re-designed and re-fitted by the current owners. The kitchen area is a contemporary design, there is an induction hob with extractor fan over and ample storage including pan drawers, central work unit with granite worktops and inset wash hand basin with stylish swan neck style mixer tap over, integrated dishwasher, fridge, freezer and double eye level oven. There is under unit lighting, the central work unit extends to a breakfast bar. There are two multi pane sash windows overlooking the rear garden, two radiators and wood strip herringbone flooring. From the main kitchen there is a TV sitting area with a coffee station, open aperture view to the rear extension dining room.

Reception Room Three/Dining Room - 5.33m x 3.07m (176 x 101) - Yet another feature this light family dining room has tall standing radiators, uPVC double glazed sliding windows overlooking the rear garden, double doors accessing the patio area, doors accessing a pantry utility store and shower room.

Shower Room - Fitted with a white three-piece suite comprising enclosed shower cubicle, low flush wc and wash hand basin, double glazed opaque glass window.

Cellar - The cellar offers a converted space with hallway accessing the utility room and boot room.

Boot Room - 3.58m x 2.34m (119 x 78) - Continued tiled flooring, personnel access door, adjacent windows accessing the garden, radiator.

Utility Room - 2.59m x 1.80m (86 x 511) - Double glazed sliding sash style window, plumbing for washing machine, space for tumble dryer, roll edge work surface, shelving, continued tiled flooring, radiator.

First Floor - Open landing space has a multi pane sash window, balustrade hand rails, coving to ceiling, wood strip doors accessing f our well proportioned bedrooms, family bathroom, radiator.

Bedroom One - 4.52m x 4.24m (1410 x 1311) - uPVC double glazed box bay window to the front elevation, two radiators, uPVC double glazed opaque glass window, feature ornamental period cast iron fireplace with wooden surround.

Bedroom Two - 3.73m x 3.30m (side of chimney breast) (123 x 10 - Sash window to the rear overlooking the garden, period ornamental fireplace, radiator.

Bedroom Three - 3.33m x 3.18m (side of chimney breast) (1011 x 10 - uPVC double glazed box bay window, period ornamental fireplace, radiator.

Bedroom Four - 2.64m x 2.41m (88 x 711) - Sash window to the rear overlooking the garden, radiator.

Bathroom - Fitted with a white three piece suite comprising panel bath with thermostatic shower over, vanity unit surmounted by a wash hand basin with chrome mixer tap over and storage under, low flush wc, sash window, heated towel rail, loft access hatch.

Outside - To the front of the property is a cobble stone frontage, gated side access leading to bin storage.

To the rear there is a generously proportioned garden with flagstone style patio wrapping the rear of the property, steps leading to the main garden which is laid to lawn, variety of mature plants and trees.

Towards the rear of the plot there is a summerhouse with the first section measuring 126 x 87 with side window. There is a further door accessing a further section for storage which is 87 x 50. Beyond the summerhouse is a driveway providing ample storage and suitable for caravan/motorhome with gated access leading to springfield road.

Mortgage Calculator

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

Monthly Payment: £1,902.64

Total Interest: £244,999.67

Overall Total: £684,949.67

Amortization For Monthly Payment: £1,902.64 over 30 years ( Based on 3.20% Interest )

YearInterest Principal Balance 
2025£13,948.87 £8,882.78 £431,067.22 
2026£13,660.42 £9,171.24 £421,895.98 
2027£13,362.59 £9,469.06 £412,426.91 
2028£13,055.10 £9,776.56 £402,650.36 
2029£12,737.62 £10,094.04 £392,556.32 
2030£12,409.83 £10,421.82 £382,134.49 
2031£12,071.40 £10,760.26 £371,374.24 
2032£11,721.97 £11,109.68 £360,264.55 
2033£11,361.20 £11,470.45 £348,794.10 
2034£10,988.72 £11,842.94 £336,951.16 
2035£10,604.14 £12,227.52 £324,723.64 
2036£10,207.06 £12,624.59 £312,099.05 
2037£9,797.10 £13,034.56 £299,064.49 
2038£9,373.82 £13,457.83 £285,606.66 
2039£8,936.80 £13,894.86 £271,711.80 
2040£8,485.58 £14,346.07 £257,365.73 
2041£8,019.72 £14,811.94 £242,553.79 
2042£7,538.72 £15,292.94 £227,260.85 
2043£7,042.10 £15,789.55 £211,471.30 
2044£6,529.36 £16,302.29 £195,169.00 
2045£5,999.97 £16,831.69 £178,337.32 
2046£5,453.38 £17,378.27 £160,959.04 
2047£4,889.05 £17,942.61 £143,016.44 
2048£4,306.39 £18,525.27 £124,491.17 
2049£3,704.81 £19,126.85 £105,364.33 
2050£3,083.69 £19,747.96 £85,616.36 
2051£2,442.41 £20,389.25 £65,227.11 
2052£1,780.30 £21,051.36 £44,175.75 
2053£1,096.68 £21,734.97 £22,440.78 
2054£390.87 £22,440.78 £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

£ 353,159

Mortgage Loan to Value

80%

Gross Yield

12%

Annual ROI

35%

Annual Rental Profit

£ 23,914

Cumulative Rental Profit

£ 239,136

Cost of Purchase

£ 23,197
  • Stamp Duty
    £ 9,498

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

  • Refurbishment Budget
    £ 10,999
  • 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

£ 28,880
  • Mortgage Interest
    £ 15,892

    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)
    £ 6,969
  • Letting Fee
    £ 240
  • Maintenance
    £ 5,279
  • 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

£ 492,622
  • Final Equity Profit
    £ 253,486

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

  • Cumulative Rental Profit
    £ 239,136

    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

£ 716,632

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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