4 bedroom detached for sale

£375,000 Guide Price

4

Bedrooms

2

Bathrooms

1

Reception

Floorplan

The Property is currently let on a periodic tenancy. Having been completely re-decorated by the current owners an immaculately presented 4 bedroom detached bungalow with a modern kitchen/breakfast room, dual aspect living room together with a garage and a large fully enclosed rear garden. An early viewing is advised. EPC D

Entrance Hall
30 4 x 4 5 (9.24m x 1.35m)
A welcoming entrance hall with laminate flooring. Cloaks cupboard, double radiator, spotlights, coving to ceiling.
Kitchen/Diner
15 4 x 14 0 (4.67m x 4.26m)
A bright and airy dual aspect room with patio doors leading to the garden. The kitchen was installed 4 years ago and comprises of white gloss units both at base and eye level with white part tiled walls together with plumbing for a washing machine and dishwasher. There is space for a dining room table. Double radiator.
Living Room
20 9 x 15 7 (6.32m x 4.75m)
This room is a particular feature of the property being very spacious and being dual aspect with patio doors leading to both areas of the garden. 2 double radiators, coving to ceiling
Bedroom 1
12 7 x 11 8 (3.83m x 3.55m)
Located at the rear of the bungalow overlooking the large garden. Double radiator, spotlights, coving to ceiling.
En-Suite
8 3 x 6 6 (2.51m x 1.98m)
A wetroom with thermostatic shower, low level WC and wash basin together with a useful cupboard, double radiator, extractor.
Bedroom 2
12 7 x 8 8 (3.83m x 2.64m)
Located at the rear of the bungalow overlooking the large garden. Double radiator, coving to ceiling.
Bedroom 3
10 11 x 9 6 (3.32m x 2.89m)
A bright room located at the front of the property. Laminate flooring, coving to ceiling, double radiator.
Bedroom 4
10 0 x 9 4 (3.05m x 2.84m)
Located at the side of the property., Coving to ceiling, double radiator.
Bathroom
9 3 x 7 9 (2.82m x 2.36m)
A spacious bathroom with a 4 piece suite comprising a large shower cubicle, panelled bath, low level WC and wash basin, shaver point, tiled floor, coving to ceiling
Garage
17 4 x 8 11 (5.28m x 2.72m)
With an up & over door with light and power connected together with storage in the loft. Located at the rear of the garage is the Firebird boiler which serves the hot water and central heating.
Outside
The front of the property is approached over a shared drive with patio areas to the side of the property. To the rear of the property is a large garden laid mostly to lawn with a good sized patio area. The garden has been well maintained by the current owners and contains a mix of mature hedges, shrubs and flowers together with a storage shed and external electrical sockets & outside taps. To the side of the property you will find the oil tank.

Nearest Stations:

9.08 miles
Chapelton
10.13 miles
Umberleigh
10.65 miles
Barnstaple
10.96 miles
Portsmouth Arms
12.93 miles
King's Nympton

Map location is not available for this property.

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

£ 312075

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
    £ 9375
  • 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

£ 30825
  • 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

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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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