Modern four bedroom house for sale

£250,000

4

Bedrooms

3

Bathrooms

1

Reception

Floorplan

Property For sale by Conditional Online Auction in Partnership with SDL Property Auction.


Executive Detached Property

Four Bedrooms- Principle Room with Ensuite

Fitted Kitchen & Utility

Separate Dining Room

Garage, Off Road Parking

Currently with Sit-in Tenants-Monthly Rental Income of 1100.00

Desirable Location Close to Local Schooling & Amenities

No Upward Chain

Close to Motorway Links

Central Heating Throughout



Property Sold Through SDL Auction

An excellent opportunity to buy this well presented four bedroom detached property in the popular area of Thorpe Astley. An ideal first time purchase, family home or buy to let investment, viewing of this property is highly recommended.

This attractive property features modern living space, kitchen with utility room, dining room, four good sized bedrooms, a minimal rear garden, garage and driveway with attached parking space.The property provides scope for additional accommodation to be added in the form of an extension to the side and rear, subject to planning permissions

To the front of the property is off road parking and an easy to maintain garden. To the rear of the property is a good sized private garden.

The property is located in the popular area of Thorpe Astley offering good transport links to the M1/M69. Local amenities include a school, community centre/surgery and chemist within walking distance. Meridian Leisure Park is close by offering Bowling, Restaurants, Cinema and a Gym.

Council Tax Band D. Please be advised that when a property is sold, local authorities reserve the right to re-calculate the council tax band.

All bids must be placed through SDL Auctions. Reading of the Legal Pack is recommended.

Ground Floor

Entrance Hall/Porch

A welcoming entrance to the property with spotlighting and carpets.A staircase that leads to the first floor.

Lounge

4.10m x 4.00m


A bright and airy carpeted lounge with a large window looking onto the front of the house.

Kitchen/Diner

2.80m x 3.60m

Fitted kitchen comprising of fitted units with work surfaces over, sink drainer unit, integrated oven, hob and fridge freezer and radiator. Window to the rear. Double french doors leading from the dining room into the private rear garden.

Utility Room

1.80m x 1.50m


Fitted base units, with work surface.

First Floor

Bedroom One

3.43m x 3.98m

Master bedroom with En-suite (1.60m x1.75m). Window facing towards the front of the house.

Bedroom Two

3.47m x 2.80m

Spacious bedroom with window looking into the drive-way.

Bedroom Three

3.40m x 2.65m

Double room with window facing the rear of the property

Bedroom Four

2.80m x 2.65m

Window looking into the garden.

Bathroom

2.05m x 2.00m

With Window to the rear, WC and hand wash basin

Money Laundering- In line with current money laundering regulations, prospective buyers will be asked to provide us with photo I.D. (e.g. Passport or driving licence and proof of current address (e.g. Current utility bill, bank statement etc dated within the last 3 months). Please note that these documents are required before a Sale is agreed.

Viewing of this property is highly recommended and through appointment only. Call Leicester Real Estates today..


Terms:
Auction Details:

The sale of this property will take place on the stated date by way of Timed Auction and is being sold as Conditional with Reservation Fee (England and Wales).

Contracts of sale will not be immediately exchanged. As the successful buyer, you will enter into a 40 business-day exclusivity agreement with the seller, in which to exchange contracts and complete. Please refer to our Auction Conduct Guide for further information on our auction types and sale methods.

All sales are subject to SDL Property Auctions Buyers Terms.

Auction Fees:

The following non- refundable auctioneers fee applies:

Reservation Fee of 4.8% of the purchase price for properties sold for up to 250,000, or 3.6% of the purchase price for properties sold for over 250,000 (in all cases, subject to a minimum of 6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.

The Reservation Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.



Features
  • Reading the Legal Pack is Recommended
  • Sold Through Auction in Partnership with SDL Property Auction
  • Freehold

Nearest Stations:

3.13 miles
Narborough
3.24 miles
Leicester
3.6 miles
South Wigston
7.24 miles
Syston
8.77 miles
Sileby

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

£ 208950

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
    £ 6250
  • 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

£ 21450
  • 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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