3 bedroom detached for sale

£512,500

3

Bedrooms

1

Bathrooms

Floorplan

DESCRIPTION This stunning three/four bedroom detached property has been extensively renovated by the current owner and is located in the desirable area of Vicars Cross.

This property comprises of; Spacious entrance hall that leads into the bright and airy front living room, a stunning kitchen/diner/family room that has integrated appliances, plenty of storage cupboards and is fully air conditioned for the summer months and a separate utility room with WC. The downstairs rear is fully air conditioned, with a cost effective system to cool in Summer months and warm in Winter. There is also a downstairs 4th bedroom/office which is currently used as a home gym and a storage space which is perfect to secure bikes, tools and bins. This space has been built and insulated to become a room in the future if needed.
To the first floor you will find three double bedrooms with fitted wardrobes and the stunning master bathroom suite. The property also has hard wired access points for WiFi, smart controlled outdoor lighting and CCTV to the front and back. The extension is built to support an upper floor in the future if required.
Externally the property has off road parking for several cars and a large enclosed garden at the rear with excellent privacy, This is a wonderful family home on a larger than average plot and is ready to move in!
The property benefits from being a short walk from useful amenities such a substantial Spar general store with bakery, a bus stop, Oldfield primary school, which is a feeder school for Christleton High School, a chemist, dentist, newsagents & many others. It also benefits from being within very close proximity of Chester City Centre which is approximately 2 miles away offering an even wider range of amenities. The excellent variety of shops and bars in Hoole are also a short walk.

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

£ 425512.5

Mortgage Loan to Value

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Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 12812.5
  • 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

£ 41137.5
  • 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

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

£
  • 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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