3 bed house for sale, lu2

£375,000 Guide Price

3

Bedrooms

2

Bathrooms

1

Reception

Pacific Estate is delighted to present this beautifully extended and fully refurbished three-bedroom semi-detached family home, located in the sought-after Stopsley area of Luton. This chain-free property offers an exceptional living experience, boasting a prime location with excellent transport links, great school catchment, and easy access to local amenities.

Property Overview:

This stunning home has recently undergone a comprehensive renovation, including new windows, electrics, plumbing, boiler, kitchen, and bathrooms. The ground floor features a welcoming entrance hallway, a cozy lounge, an open-plan kitchen/diner perfect for modern living, and a convenient downstairs shower room. The first floor offers three generously sized bedrooms and a stylish family bathroom.

Outside, the property boasts a large rear garden, ideal for outdoor activities and entertaining, as well as a front driveway providing parking for 3 cars and access to a garage.

Location:

Situated in the highly desirable Stopsley area, this property benefits from superb access to the M1, Thameslink mainline train station, and London Luton Airport. Local shops, schools, and amenities are just a short distance away, making it an ideal location for families and professionals alike.

Additional Information:

  • Gas Central Heating

  • Double Glazed Windows & Doors

  • Loft Conversion Potential

Dont miss the opportunity to make this stunning property your new home. We highly recommend arranging an internal viewing to fully appreciate all that this home has to offer.

For more details or to schedule a viewing, please contact Pacific Estate today.

Nearest Stations:

1.14 miles
Luton
1.43 miles
Luton Airport Parkway
2.88 miles
Leagrave
5.72 miles
Harpenden
6.45 miles
Harlington

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

£ 312075

Mortgage Loan to Value

%

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
    £ 9375
  • 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

£ 30825
  • 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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