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£675,000
Bedrooms
Bathrooms
Nestled in a secluded and peaceful location, this charming 2-bedroom detached bungalow presents an excellent opportunity for those seeking a comfortable retreat in a serene setting. Boasting two good-sized bedrooms, one complete with a bright and airy conservatory, this property offers a blend of cosy living spaces and modern amenities. Upon entering the bungalow, you are greeted by a spacious living room that exudes warmth and comfort, making it an ideal spot for relaxation or entertainment. The modern fitted kitchen is adjacent to the lounge and offers ample storage space and high-quality appliances. The utility room adds great practicality to everyday life and even has the use of a convenient W/C.
Stepping outside, you will find a large rear garden that provides a private retreat and is ideal for gatherings with friends and family. Other exterior benefits include off-street parking for several cars and access to the garage at the front.
Ideal for those seeking a peaceful location, this detached bungalow brings a rare tranquillity in a secluded setting whilst being close to local amenities. This property needs to be seen to be fully appreciated. Contact us today to arrange a viewing and make this property your own.
Location
Peacefully tucked away towards the end of Farm Drive, this delightful and tranquil setting is in stark contrast to the amenities within easy reach. Numerous bus routes and local shops can be found on the nearby Wickham Road, with a range of coffee houses, supermarkets, restaurants and shops on offer on West Wickham High Street only slightly further afield, approximately half a mile away. West Wickham mainline railway station is around one mile away, and Shirleys delightful Millers Pond recreational and wildlife area is only a short stroll away. For full directions, please contact Allen Heritage Estate Agents in Shirley, or see the map.
The Ground Floor Accommodation
Entrance Hall
Kitchen 3.10m (102') x 2.96m (99)
Lounge 4.64m (153') x 4.42m (146')
Bedroom 1 4.28m (14) x 4.18m (139')
Bedroom 2 4.28m (14) x 3.83m (127')
Bathroom 2.77m (91') x 2.67m (89')
Utility Room 1.88m (62') x 2.33m (78)
Conservatory 2.19m (72) x 3.56m (118)
Garage 3.31m (1010) 2.77m (91)
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 )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
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.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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