Three bedroom semi detached house on st ives road

£320,000 OIRO

3

Bedrooms

2

Bathrooms

1

Reception

Ruut Homes is proud to present this spacious and versatilethree-bedroom semi-detached freehold homeis situated in the sought-after area ofSt Ives, LE4. Offering an ideal blend of comfort, practicality and potential, the property is perfect for families, first-time buyers, or investors.

Inside, you will find agenerously sized living room, amodern fitted kitchenwith ample cupboard and counter space, a brightconservatory-style second living space, and a functional layout that includestwo bathroomsone on each floor. The home also features aself-contained annex, ideal for guests, home office use, or additional income potential.

A standout feature is theexpansive garden with a wide paved area and a grassy centre, providing the perfect outdoor space for entertaining, children, or gardening. Theres alsoadditional storage space to the rear, offering superb practicality.

Located in a quiet residential area yet close to essential amenities and commuter links, this home ticks all the boxes.


Property Features:

- 3 Spacious Bedrooms

- 2 Bathrooms (One Upstairs, One Downstairs)

- Large Main Living Room

- Amodern fitted kitchenwith ample cupboard and counter space

-Fully Fitted Kitchen

- Bright Conservatory Living Area

- Self-Contained Annex

- Extra Rear Storage Space

- Generous Garden with Paved Surround and Grass Centre

- Freehold Tenure


Location & Amenities:

- Well-regarded local schools
- Nearby supermarkets and convenience stores
- Good transport links to Leicester city centre and surrounding areas
- Parks and green spaces within walking distance

- Regular bus routes and easy access to A6 & A46


Interested? Contact Ruut Homes today to arrange a viewing.

Nearest Stations:

2.14 miles
Leicester
2.7 miles
Syston
5.28 miles
Sileby
5.36 miles
South Wigston
6.81 miles
Barrow-Upon-Soar

Map location is not available for this 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

£ 266700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

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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
    £ 8000
  • 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

£ 26700
  • 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

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  %

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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