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Coundon Green, Coventry

Guide price £625,000

  • Detached
  • 4
  • 3
  • 3
  • Property Type: Detached
  • 4 Bedrooms
  • 3 Bathrooms
  • 3 Reception
  • Tenure: Freehold
  • Current Occupant: Vendor
Reference number : friend_1072799230
Market info

Stunning Four Bedroom Detached Property

Friend & Farrelly Property Services are proud to offer this stunning detached family home in Coundon, Coventry. On the ground floor the property boasts a large, light and airy entrance hallway leading to a generously sized front study with countryside views, a stunning and spacious front lounge, a further separate family lounge with patio doors to landscaped rear garden, open plan kitchen/dining room which is equipped with a brand new high end kitchen suite, feature island, underfloor heating, plinth lighting and modern bi-folding rear doors providing uninterrupted access to a large, delightful and appealing rear garden. The property has a utility room, downstairs cloakroom, boot room (also with garden access), many further storage areas and a stunning staircase with a double length feature window allowing sunshine to flow throughout the property. On the first floor the property has a large master bedroom with stunning views across Coundon Wedge countryside, large walk-through wardrobe and contemporary ensuite (with heated floor). Further bedrooms include two similar sized double bedrooms both with built in wardrobes and a spacious double room with built in wardrobes and ensuite. There is also a further large family bathroom with separate shower cubical and bath. 

This property has many benefits including landscaped rear garden with high end astroturf lawn for low maintenance, very generously sized outhouse/office with power, heating and running water, separate workshop/store and rear access to garden. The front has a large drive with ample parking for 6-8 cars.  The property has been finished to a high standard throughout. 

The location of the property allows for excellent access to local amenities and is located within a catchment area of at least 1 excellent rated secondary school and at least 3 sought after primary schools.  An absolute must see! 

Tenure  : Freehold

Council Tax Band  :  F

Coundon Green, Coventry

Floor Plan

  • 1

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Calculate your 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
£ 527075
Mortgage Loan to Value
84%
Gross Yield
%
Annual ROI
%
Annual Rental Profit
£
Cumulative Rental Profit
£
Cost of Purchase
£ 58325
Stamp Duty
£ 40000
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Refurbishment Budget
£ 15625
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
£
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)
£
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.

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Single Property

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 0
£125k to £250k 2
£250k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12

Additional Property

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £125k 3
£125k to £250k 5
£250k to £925k 8
£925k to £1.5m 13
rest over £1.5m 15

First Time Buyer

Purchase Price

(Enter numbers only)

Show Full Calculation
Effective Rate
00.00 %
Tax Band % Taxable Sum Tax
less than £300k 0(2/5)*
£300k to £500k 5
£500k to £925k 5
£925k to £1.5m 10
rest over £1.5m 12
*For purchases over £500k, SDLT is charged at 2% from £125k to £250k and 5% from £250k to £925k.

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