2 bedroom semi-detached bungalow - for sale

£265,000

2

Bedrooms

1

Bathrooms

2

Reception

Floorplan

DESCRIPTION


A well presented and extended 2 bedroom semi detached bungalow occupying a cul de sac position in this highly regarded residential location. The rear extension provides space for a modern fitted kitchen which leaves another room to use as a dining room or study. With gas fired central heating and double glazing the accommodation in full comprises: Fitted Kitchen with oven and hob, Living Room, 2 Bedrooms and a Bathroom with white suite. There are low maintenance gardens to the front and rear and a driveway provides off street parking and leads to a detached garage. A really lovely property that will suit a range of buyers and an early internal inspection is highly recommended.

ACCOMMODATION


Living Room

Fitted Kitchen

Inner Hallway

2 Bedrooms

Bathroom

Front & Rear Gardens

Driveway and Detached Garage

LOCATION

The property is located just to the north of Beverley town centre but provides good access to it and everything it offers. There are a range of local shops on nearby Woodhall Way.


Heating and Insulation:The property has gas-fired central heating and uPVC double glazing.

Services:All mains services are connected to the property. None of the services or installations have been tested.

Council Tax:Council Tax is payable to the East Riding of Yorkshire Council. The property is shown in the Council Tax Property Bandings List in Valuation Band 'C' (verbal enquiry only).

Tenure:Freehold. Vacant possession upon completion.

Viewings:Strictly by appointment with the agent's Beverley office. Tel: (01482) 866844.



Features
  • Freehold

Nearest Stations:

0.97 miles
Beverley
2.27 miles
Arram
5.07 miles
Cottingham
7.16 miles
Hutton Cranswick
8.41 miles
Hull

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

£ 221325

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
    £ 6625
  • 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

£ 22575
  • 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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