4 bedroom bungalow for sale

£425,000

4

Bedrooms

2

Bathrooms

Floorplan

Welcome to Black Horse Close, a spacious three/four bedroom bungalow, with no onward chain, situated within a quiet cul-de-sac in the historic town of Watton.

The ever-popular market town of Watton is steeped in history and holds rich agricultural connections. The town is decorated well by local amenities which include: nurseries, primary and secondary schools, GP clinic, dental surgery, pharmacy, opticians, butchers, post office, leisure centre, library, supermarkets and much more.

The ability to access surrounding towns and villages such as Dereham, Attleborough, Thetford and Norwich via personal or public transport is ideal for opening up additional leisure and professional opportunities.

The property comprises:

The entrance hallway benefits from a cloakroom and provides access to the other rooms within the property, finished with wooden flooring and integrated storage cupboards.

The study has a built-in display area and corner desk, providing the perfect space for a home office, alternatively as a fourth double bedroom.

The family bathroom is fitted with a white suite with a shower over bath and a glass screen. Finished with tile effect, nonslip flooring with built-in vanity units for storage.

The spacious master bedroom, which overlooks the rear garden, has built-in wardrobes, ceiling fan and carpet flooring, leading to the en-suite with a white suite and shower cubical.

Overlooking the front of the property, bedrooms two and three are large double bedrooms with ample built-in wardrobe storage and carpet flooring.

The kitchen has a mixture of base and eye-level modern kitchen units, with granite work surface, ceramic sink, built-in double oven, electric hob and integrated fridge/freezer and dishwasher. Leading to the utility room which is finished to the same standard with water softener under the sink, space for a tumble dryer and tile effect flooring.

The well-sized dining room boasts a stunning chandelier light fitting, finished with soft carpet flooring.

The naturally bright living room showcases a large marble fireplace with a fitted wood burner, overlooking the rear garden and providing access to the garden room via French doors. Finished with soft carpet flooring.

The garden room, finished with tile flooring, overlooks the rear garden and provides access via French doors with a fitted awning to the exterior.

Externally the property is built to a high standard, incorporating a brick and flint design. The property boasts a large double garage with a multi-vehicle driveway, providing ample parking with solar panels above. The rear garden is low-maintenance with a large slabbed patio surrounding the central lawn. Raised sleepers house a variety of well-established shrubs and flowers. A brick and wood Garden Shed / Hobby Room / Potential Home Gym with power available, is also located within the rear garden.

The property is fuelled by oil-fired central heating and is being sold with no onward chain.

We endeavour to make sales particulars accurate and reliable. However, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any service, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation. Please note that we have not inspected the garage or the loft so we cannot comment on the condition of these.

EPC rating: C. Tenure: Freehold,

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

£ 353325

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
    £ 10625
  • 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

£ 34575
  • 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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