Three bedroom detached bungalow in northwood

£1,350,000

3

Bedrooms

2

Bathrooms

1

Reception

Bribricks Delighted to market this attractive Three bedroom Detached Bungalow.A rare opportunity to acquire this three bedroom, two bathroom detached bungalow, occupying a generous plot in the heart of the Eastbury Farm estate.The accommodation comprises an entrance hall, leading through to a generous reception room, fitted kitchen, a principal bedroom with ensuite shower room, two further bedrooms and a family bathroom. The rear garden extends to approximately 100 ft in length and is mostly laid to lawn with some attractive mature trees. To the front is ample off street parking and access to a garage.


Internally, the property could benefit from some modernisation, plus there is huge potential for further extension. Planning permission has been granted for the demolition of the existing garage and construction of a single storey side and rear extension; loft conversion including front and rear dormer windows and side flank rooflights.These plans can be viewed on the Three Rivers District website under reference 22/2198/FUL.


The property is equidistant from both Northwood and Moor Park, with their boutique shops, coffee houses, restaurants and Waitrose Super Market. The Metropolitan Line train stations at both town centres provide a frequent service to Baker Street, The City and beyond. The area is also well served for good quality schools for all ages. Recreational facilities caters for those enjoying a sporting life, with four major golf courses, cricket and football clubs and two fitness centres.


Tenure: Freehold

Council: Three Rivers District Council

Council Tax Band: F

Energy Efficiency Rating Band: D


Nearest Stations:

0.66 miles
Moor Park
1.01 miles
Northwood
1.45 miles
Carpenders Park
1.76 miles
Croxley
1.76 miles
Northwood Hills

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

£ 1125200

Mortgage Loan to Value

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Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 33750
  • 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

£ 112700
  • 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.

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