2 bedroom bungalow for sale

£575,000 Guide Price

2

Bedrooms

Floorplan

Guide-Price: 575,000 - 600,000
Occupying a generous plot within good proximity to Coulsdon Manor Golf Club this two-bedroom bungalow is chain-free and perfect for anyone who wants a modern interior.

Features include an open-plan lounge/kitchen, two good-size bedrooms, bathroom, separate W.C, conservatory with bi-fold doors, integral garage, garden room and gas central heating.

Additional benefits include driveway with off-street parking, good-size rear garden with side access and potential to extend subject to planning permission.

Coulsdon Manor & Golf Club is an ideal place for golfers, with additional local leisure facilities including Woodcote Park Golf Club and Chipstead Golf Club, while a variety of gyms are located across the Croydon area. Local green spaces include The Farthing Downs, Grange Park, Happy Valley and Coulsdon Common.

Coulsdon South & Coulsdon Town Railway Stations provide swift and easy access to a variety of stations including London Bridge, London Victoria, Gatwick Airport, St. Pancras International, Kings Cross and Brighton. The M23/M25 interchange at Hooley can be used to access the national motorway network while local buses include the 404 and 466. Coulsdon High Street features a wide-range of shops including Waitrose, Aldi and Tesco Express along with restaurants and amenities.

Popular local schools include Brightsparks Day Nursery, Keston Primary School, Coulsdon C of E Primary School, Woodcote Primary School, Woodcote High School, Oasis Academy and Coulsdon Sixth Form College.

We have been informed of the following by the Vendor:

Council Tax: Band E

Lounge/Diner
The lounge/diner is open-plan with the kitchen and includes two double-glazed two-casement windows with shutters, two radiators, log burner, double-glazed glass-panel double doors with shutters leading to rear garden, wooden flooring, coved ceiling and down-lights.

Kitchen
The kitchen is dual-aspect and includes tiled floor, wall & base level units with work surface area, breakfast bar, one & a half bowl sink with drainer, double-glazed single-casement window, double-glazed glass-panel door to conservatory, double-glazed opaque gall-panel door leading to side of property, oven, space for washing machine, four-ring electric hob, radiator, space for free-standing American-style fridge-freezer, space for dish-washer, coved ceiling, down-lights and extractor fan.

Conservatory
The conservatory includes double-glazed bi-fold doors leading to rear garden and double-glazed windows.

W.C
The W.C includes tiled floor, wash-hand basin with stainless-steel mixer tap, double-glazed single-casement window, low-level W.C with dual-flush & concealed cistern and down-lights.

Bathroom
The bathroom includes panel-enclosed bath, double-glazed single-casement window, low-level W.C dual-flush, wash-hand basin with stainless-steel mixer tap, tiled walls, heated towel rail and down-lights.

Porch
The porch includes glass-panel double-glazed door and two double-glazed windows.

Entrance Hall
The entrance hall includes wooden flooring, two cupboards, radiator, smoke alarm, down-lights and coved ceiling.

Bedroom One
Bedroom one includes three-casement window with secondary-glazing, two radiators, fitted wardrobe, down-lights and coved ceiling.

Bedroom Two
Bedroom two includes three-casement window with secondary-glazing, radiator and coved ceiling.

Passage
The passage includes loft hatch down-lights and coved ceiling.

Integral Garage
The integral garage includes electric up & over door, power, lighting and smoke alarm.

Garden Room
The garden room includes double-glazed window, double-glazed glass-panel double doors leading to rear garden & radiator.

Rear Garden
The rear garden comprises a mostly decked area with side access and stairs dropping down to a mostly laid to lawn area. Features include a shed, water tap and a range of plants & shrubs.

Front Garden
The front garden is partially laid to lawn with a driveway featuring off-street parking.



Features
  • Freehold

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

£ 477075

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

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
    £ 14375
  • 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

Adjust these figures

£

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

£ 45825
  • 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

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

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

Notes

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