2 bedroom detached bungalow for sale

£300,000 Offers in excess of

2

Bedrooms

2

Bathrooms

1

Reception

Floorplan

FULLY RENOVATED PROPERTY LARGE FRONT AND REAR GARDENS GARAGE DRIVEWAY ACCESS NOT OVERLOOKED ENSUITE DETATCHED - VIEWINGS ARE A MUST

Borron Shaw is pleased to offer for sale this detached family home on a popular estate in Hindley. It comprises of: - Entrance Hallway, Lounge, Kitchen, Hallway, Two Bedrooms, En-Suite and a Family Bathroom. It benefits from double glazing and is warmed by gas central heating. Externally it sits on a good-sized plot with front and rear gardens and driveway parking. This is a great property and viewings are highly recommended.

Kitchen/diner (218 x 113) UPVC double glazed door and three UPVC double glazed windows. Two radiators and inset spotlights. One and a half sink units, built in units and worktops, plumbing for washing machine. Single electric oven, electric hob and extractor and built in microwave oven. Central Island.

Internal Hallway Laminate flooring and a radiator. Loft access with a ladder for aditional storage and garage access.

Lounge (172 x 112) UPVC bi-folding double-glazed doors, two radiators and laminate flooring

Bedroom One (149 x 114) UPVC double glazed window and radiator. Fitted wardrobes

Ensuite Double step in shower cubical, W/C and handwash basin. Chrome radiator and laminate flooring

Bedroom Two (12 x 113) UPVC double glazed window and radiator. Fitted wardrobes

Bathroom Shower and bath with shower screen. W/C and handwash basin. Partially tilled wall, chrome radiator, laminate flooring and UPVC double glazed windows.

Cloakroom Tilled floor, UPVC double glazed window and door to garage.

EXTERIOR

Front Garden Paved and landscaped with gates access. Path to front door and rear garden, flagged driveway with gated access that leads to the garage

Rear Gardens Large Garden, paved, landscaped and flagged patio. Outdoor water tap and not overlooked.

Garage (165 x 9) Electric roller door, rear door, power points and lights.


Nearest Stations:

1.58 miles
Hindley
1.85 miles
Daisy Hill
2.47 miles
Hag Fold
2.5 miles
Westhoughton
2.64 miles
Ince

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

£ 250200

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
    £ 7500
  • 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

£ 25200
  • 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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