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£365,000
Bedrooms
Bathrooms
Spacious Detached Bungalow situated in the quiet village of West Dereham, offering Oil Fired Central Heating and UPVC Double Glazing to: Entrance Hall, Lounge, Kitchen, Sun lounge/Dining Room, Utility Room/Conservatory, 3 Double Bedrooms, Ensuite Shower Room, Wet Room, Gardens and Garage.
West Dereham is situated 4 miles east of Downham Market and 13 miles south of Kings Lynn. Occupied on the edge of the Fens, West Dereham is surrounded by scenic views providing a peaceful place to live for the locals. Located in the village is a village hall, housing and lots of land. From the village, Downham Market and Kings Lynn both provide facilities such as petrol stations, train/bus station, restaurants and shops as well as other sporting and leisure facilities, schools and doctors surgeries.
Accommodation;
Double glazed front entrance door to;
Entrance Hall
Radiator, wood effect vinyl floor, doors to all rooms, access to loft space
Lounge 121 (3.69m) x 12 (3.65m) Excludes fireplace and bay window.
UPVC double glazed bay window to front. Radiator, TV Point, open fireplace with multifuel burning stove.
Kitchen 151 (4.61m) x 85' (2.57m)
Range of fitted wall and base units with work surfaces, pull out larder cupboard, integrated dishwasher, single stainless steel sink and drainer, built in oven, ceramic hob and extractor hood. Space for fridge/freezer, built in cupboard housing oil boiler and storage. Wood effect laminate floor, UPVC double glazing with dual aspect windows to rear and side, door to utility.
Utility Room/Conservatory 174' (5.29m) x 51' (1.58m)
Part brick construction with UPVC double glazed windows, wood effect laminate floor, space and plumbing for washing machine, single sink and drainer, fitted base units with work surface, part glazed side door to garden.
Bedroom One 1111' (3.64m) x 9 5 (2.89m) Excludes Bay window.
UPVC double glazed bay window to front, radiator, sliding door to;
Ensuite Shower Room
Large Walk in shower cubicle with mains shower, wash hand basin and w.c.
Bedroom Two 120' (3.66m) x 11 (3.36m)
UPVC double glazed window to side, radiator.
Bedroom Three 120 (3.66m) x 120' (3.67m)
UPVC double glazed window to side, radiator, built in storage cupboard
Sun lounge 151 (4.62m) x 810 (2.70m) /Dining room 105 (3.19m) x 101 (3.08)
UPVC window to side and patio doors to rear garden, part carpet and part wood effect laminate floor, roof lantern skylight, radiator, picture rail.
Wet room
Electric Mira shower, pedestal wash basin with monobloc tap, close coupled WC, window to rear, ladder style heated towel rail, extractor.
Outside:
The bungalow stands on a large plot in a quiet road with beautifully maintained established gardens laid mainly to lawn and well stocked with fruit trees, shrubs, vegetable patches, flowers and compost heap. The garden contains a brick-built garage with timber doors, multiple greenhouses, a paved patio and paved path through the garden. A gravel driveway provides ample off-road parking.
Agents Note; There is a well in the garden of this property.
COUNCIL TAX: Band C.
Mains water, drainage and electricity. Oil central heating.
EPC - D
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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