2 bedroom semi-detached bungalow for sale

£185,000 Offers over

2

Bedrooms

1

Bathrooms

Floorplan

A delightful semi-detached bungalow in a nicely tucked away position, within easy reach of Stourport-on-Severn Town Centre and all its amenities.

Description

This charming bungalow includes a living room, a fitted kitchen, an inner hallway, two double bedrooms and a newly fitted family bathroom.

Outside, there are private gardens to the front and side of the bungalow. A parking space is available only via separate private negotiation.

Description
11b York Street is approached from the road through a secure gated car parking area, where the bungalow is situated to the right.

Accessed through a private gate leading to an Oak porch canopy, with small steps up to the front door.

As you enter the property you are greeted by a recently refitted kitchen comprising contemporary grey gloss kitchen cabinets, with grey concrete effect worktops. The kitchen is equipped with a single electric oven and an electric hob with a stainless-steel extractor hood above. There is a one and a half bowl stainless-steel sink with drainer and space for a washer dryer and a tall fridge-freezer.

The kitchen leads through into the good-sized living room, which is filled with plenty of natural light from the two windows at the front.

From the lounge, there is access to the inner hallway and to the left is the first bedroom, which is a double room with a window overlooking the front of the property.

Continuing down the hallway you will find the second double bedroom, again with a window to the front of the property.

At the end of the hallway, there is a newly fitted family bathroom comprising a bath, a large separate shower enclosure, a white vanity basin with a two-lever monobloc chrome mixer tap and a white close-coupled back to wall WC. There is also an obscure glazed window facing the courtyard area.

Outside
The gardens are to the front and side of the property. The front garden is fenced off and has a black block paved path running across the front of the bungalow, with raised sleeper beds to the left side and a small seating area. From here, the garden opens out to a lovely walled courtyard area at the side of the bungalow, which offers plenty of room for seating and outdoor entertaining.

Agents Note
There is a car parking space to the front of the property, which could be acquired via separate private negotiation only. The current vendors pay 45pcm to gh Banks for the parking space in the secure gated car park.

Services
The property has mains gas, mains electricity, mains water and mains drainage. There is a Worcester Bosch gas combination boiler for the hot water and central heating.

Council tax band - A

Location

The property is situated just off York Street opposite the Stourport Canal Basin. The delightful River Severn and Stourport-on-Severn town centre are just moments away on foot. The thriving town centre has a wide range of shops and amenities, including several supermarkets, independent shops, boutiques, pubs and eateries.

Fees

Reservation Fee - refundable on exchange

A reservation fee, refundable on exchange, will be payable by the Buyer to Andrew Grant Sales Limited prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract. This fee will be reimbursed upon Exchange of contracts. The fee will be retained by Andrew Grant Sales Ltd to cover costs in the event the Buyer withdraws from the purchase other than as a result of:

1. Any structural issues arising from any survey
2. Serious defect in the seller€™s legal title
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown

The reservation fee will depend on the level of your agreed offer for the property:

An agreed offer under 500,000 will be 500 inclusive of vat
an agreed offer between 500,000 and 1,000,000 will be 1,000 inclusive of vat
all agreed offers over 1,000,000 will be 1,500 inclusive of vat

Nearest Stations:

2.45 miles
Hartlebury
3.59 miles
Kidderminster
6.35 miles
Blakedown
7.05 miles
Droitwich Spa
8.04 miles
Hagley

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

£ 146075

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
    £ 4625
  • 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

£ 7325
  • 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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