4 bedroom detached bungalow for sale

£640,000

4

Bedrooms

2

Bathrooms

Floorplan

THE PROPERTY
Allen Residential are pleased to offer for sale this large detached bungalow that has been extended and sits on a generous plot along Phillis Hill, enjoying a rural aspect surrounded by countryside with views. A fabulous home that would suit those in early retirement looking to relocate to the countryside, as well as families with its versatile living space. The village of Paulton itself is only 12 miles from Bristol and the property is positioned within a mile of Midsomer Norton with its wide range of amenities.
The accommodation is modernised throughout comprising of entrance hall, a light and airy lounge with stairs to a bedroom and en-suite shower room, three ground floor bedrooms, with the principle bedroom benefiting from a walk in wardrobe, a stylish and tastefully tiled shower room. At the rear of the property is stylish kitchen with a range of units, integrated appliances and granite worktops; opening through to lounge/ diner with log burner and bi-fold doors opening out to the garden and swimming pool.
To the front of the house is a large driveway that provides parking space for several vehicles making it ideal for family gatherings. The garage is detached, larger than average with remote operated door. There is also a changing room and wc. The beautifully presented rear garden is mainly laid to lawn and well maintained, with a range trees, shrubbery, flower beds and a timber constructed playhouse. The heated swimming pool provides large paved areas for seating and entertaining, alongside the home bar and outdoor cooking stove. There are views from almost all sides, whilst also enjoying a good degree of privacy and sunny westerly aspect.
A real show stopper that is sure to impress. For more information or to arrange a viewing contact the sales team at Allen Residential on .

THE ACCOMMODATION
ENTRANCE HALL
LOUNGE
BEDROOM ONE
WALK IN WARDROBE
BEDROOM TWO
BEDROOM THREE
SHOWER ROOM
KITCHEN
LOUNGE/ DINING ROOM
FIRST FLOOR
BEDROOM FOUR
EN-SUITE SHOWER ROOM
DOUBLE GARAGE
CHANGING ROOM
WC

SEE FLOORPLAN FOR MEASUREMENTS





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

£ 530700

Mortgage Loan to Value

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Gross Yield

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Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 16000
  • 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

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£

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

£ 50700
  • 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

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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