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£375,000
Bedrooms
Bathrooms
Spacious Detached Bungalow situated on a corner plot in a lovely cul-de-sac which is convenient for the town centre. Built by Bennett Homes this is one of the largest (110sq m) bungalows designed by this well regarded builder. Accommodation provides gas central heating and double glazing to; Entrance Hall, 19 Living Room, 21 Kitchen/Dining Room, Three Bedrooms, Principal Bedroom with En-suite Shower, Bathroom, Gardens, Garage and Parking. NO ONWARD CHAIN.
Accommodation
Entrance door with glass inserts and glazed side panel to;
Entrance Hall
Radiator, Storage cupboard with hanging rail, Airing cupboard with shelves housing gas boiler and water cylinder, doors to;
Living Room 1911 x 127 (6.09m x 3.85m)
York stone style fireplace with open fire, 2 radiators, triple aspect with windows to front and side and French doors to rear garden.
Kitchen/Dining Room 213 x 131 (6.49m x 3.99m)
Extensive range of matching fitted base and wall units with work surfaces, 1 bowl sink with mixer tap, 4 ring ceramic hob with cooker hood over, Hotpoint electric double oven, space for washing machine and dishwasher, space for fridge/freezer, tiled splash backs, radiator, laminated flooring, window to rear, French doors to rear
Bedroom One 130 x 126 (3.98m x 3.81m)
Radiator, window to front, door to;
En-suite Shower Room
Fully tiled walls, shower cubicle with mains shower, close coupled WC, wash basin with mono bloc tap inset to vanity unit
Bedroom Two 120 x 105 (3.66m x 3.18m)
Window to front, radiator
Bedroom Three 110 x 910 (3.36m x 3.01m)
Window to rear, radiator
Bathroom
Fully tiled walls, tiled floor, panelled bath with mains shower over, fitted bathroom suite with concealed cistern WC, wash basin with monobloc tap and vanity unit, heated towel rail, window to side
Outside
The bungalow stands on a corner plot, with low maintenance paved and gravelled areas to the front and side with mature shrubs and plants to borders and inset. A driveway to the side provides off-road parking and leads to a Garage with electric folding door and personal door to rear garden. To the rear is a fully enclosed garden laid mainly to lawn area with an array of shrubs and plants to borders, patio area, greenhouse, timber shed and gated access to side.
Downham Market is a popular market town with a wonderful variety of restaurants, shops and leisure facilities with a notable community spirit.
The town also provides pre-school facilities, two primary schools, Downham Market Academy and Athena Six Form Centre as well as doctors surgeries, dentists, leisure facilities and other important amenities.
EPC D
Council Tax Band E
Mains water, drainage, gas and electricity
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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