Are you an Estate Agent? Register here
Are you an Estate Agent? Register here
£70,000
Bedrooms
Situated in the tranquil neighborhood of Acacia Avenue, Peterlee, County Durham (SR8 4HF), this inviting two-bedroom bungalow offers a fantastic opportunity for buyers seeking a comfortable, well-maintained home.
Upon entering, you are welcomed into a spacious and bright living room, designed for both relaxation and entertainment. Large windows allow natural light to fill the space, enhancing the airy feel of the home.
The property features two generously sized bedrooms, both offering ample space to personalize and adapt to various lifestyle needsmaking this an ideal home for couples, small families, or those looking to downsize.
A modern bathroom serves the property, fitted with a stylish bathtub, WC, and sink, all complemented by sleek, high-quality fixtures to ensure both practicality and comfort.
For added convenience, the bungalow benefits from loft access, providing valuable storage space or potential for future adaptation.
A key highlight of this home is the garage, offering secure parking or additional storage optionsideal for those needing extra space.
One of the standout features of this property is its beautifully landscaped front and rear gardens. Whether you enjoy gardening, al fresco dining, or simply unwinding outdoors, these private green spaces provide a peaceful retreat.
Located in the heart of Peterlee, this bungalow offers a quiet residential setting while remaining within easy reach of local amenities, transport links, and recreational facilities.
For buyers looking for a charming, practical, and well-located home with a garage, this 2-bedroom bungalow on Acacia Avenue is an excellent choice.
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.
The Property has been saved to your favorites
/ 5
It's quick and easy
