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£650,000 Offers in excess of
Bedrooms
Bathrooms
'''NO ONWARD CHAIN''' Arins Property Services are pleased to offer for sale this very well maintained detached bungalow situated in a popular location just to the west of Wokingham in central Berkshire. The accommodation comprises hall/lobby, open plan hallway which can be converted into a separate bedroom or reception, inner hallway, two bedrooms, family bathroom, living room and kitchen. Outside is a separate detached self contained annex which benefits from open plan living/kitchen area, bedroom, bedroom/study and bathroom, To the outside there is allocated parking for both the main residence and annex andthe annex can be rented separately STPP. There is a rear garden mainly laid to lawn, patio area and a newly erected garden shed/store. The location is fabulous as it is situated close to all local amenities, as Wokingham is only a ten minute drive away. There is a regular bus service within walking distance where you can catch a service between Reading, Wokingham and Bracknell. For the commuter the A329M can be accessed within a ten minute drive and Wokingham mainline railway station offers the commuter access to London Waterloo and Reading with onward connection to London Paddington via the Elizabeth line. The property benefits from gas central heating and double glazing. We believe this property would suit a larger family or a buyer looking for separate accommodation for relatives or as an investment, as the annex would provide a good rental income.With permission for loft conversion from council, you have the flexibility to extend upstairs. EPC to follow.
Floor: Solid, no insulation (assumed)
Roof: Pitched, 200 mm loft insulation
Walls: Cavity wall, filled cavity
Windows: Fully double glazed
Lighting: Low energy lighting in 63% of fixed outlets
Map location is not available for this property.
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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