5 bedroom detached for sale

£799,500

5

Bedrooms

3

Bathrooms

Floorplan

Located in the village of Kirby-Le-Soken, this character detached property occupying a generous plot of approximately a third of an acre. The property has undergone a comprehensive refurbishment at the hands of the current owners and superbly combines character features with modern luxuries. Externally, this fine home benefits from garage and driveway parking and a generous garden with ample space for alfresco dining plus a hobbit house equipped with bar and fire pit. Further land with potential for an additional dwelling is available by separate negotiation.

Opening Paragraph - Accommodation comprises with approximate room sizes as follows:

Entrance door to:

Entrance Hallway -

Lounge - 8.71m x 6.10m (287 x 200) -

Hallway -

Sitting Room/ Play Room - 4.80m x 3.51m (159 x 116) -

Wc - 2.21m x 1.83m (73 x 60) -

Kitchen - 6.40m x 4.88m (210 x 160) -

Utility Room - 3.53m x 1.83m (117 x 60) -

Conservatory - 4.88m x 3.45m (160 x 114) -

First Floor -

Bedroom One - 8.23m x 3.78m (270 x 125) -

En Suite - 1.52m x 1.40m (50 x 47) -

Hallway/Dressing Area - 3.30m x 1.83m (1010 x 60) -

Bathroom - 2.74m x 2.62m (90 x 87) -

Bedroom Three - 3.43m x 3.38m (113 x 111) -

Bedroom Four - 2.64m x 2.29m (88 x 76) -

Bedroom Two - 5.74m x 3.51m (1810 x 116) -

Outside -

Outside Rear -

Additional Land - The land to the rear (approximately 0.5 acres) can be purchased at an additional cost by separate negotiation. The current owner has had plans drawn for a detached dwelling which they believe would be approved. A copy of plans are available upon request.

Additional Info - Council Tax Band: F
Heating: Gas central heating
Services: Mains gas, electricity, water and drainage
Broadband: Superfast (up to 57 mbps)
Mobile Coverage: indoor - Limited / outdoor - likely
Construction: Part solid brick, part cavity wall
Restrictions: None
Rights & Easements: None
Flood Risk: Very low
Additional Charges: None
Sellers Position: Onward purchase
Garden Facing: North

Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.

Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.

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

£ 662287.5

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
    £ 19987.5
  • 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

£ 62662.5
  • 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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