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£550,000
Bedrooms
Bathrooms
Brown and Cockerill Estate Agents are delighted to offer for sale this extended three bedroom detached bungalow situated in the sought after village location of Brinklow. The bungalow is of standard brick built construction with a tiled roof and a flat roof over the extended kitchen to the rear of the property.
There are a range of local amenities including shops and stores, public houses and a village school. There are a wider range of facilities available in nearby Rugby, Coventry and Leamington Spa.
There is convenient commuter access to the Midland road and motorway networks and Rugby railway station offers a mainline intercity service to Birmingham New Street and London Euston in under an hour.
The accommodation is set over two floors and in brief, comprises of a large entrance hall, two spacious double bedrooms and a lounge with double doors opening onto the rear garden. The extended kitchen/breakfast room has a central island and double doors opening onto the rear garden and separate boot room/utility room. The study has stairs rising to the first floor and under stairs storage and the ground floor family bathroom fitted with a modern three piece white suite.
To the first floor, is the master bedroom with an en-suite bathroom fitted with a modern three piece white suite.
The property benefits from gas fired central heating to radiators, Upvc double glazing and all mains services are connected.
Externally, the fore garden is laid to lawn with a large block paved driveway providing off road parking for several vehicles and side pedestrian access to the rear of the property. The generously sized rear garden is predominantly laid to lawn with a paved patio area to the immediate rear which is ideal for al fresco dining/entertaining and there is a timber garden shed.
Early viewing is highly recommended to avoid disappointment.
Gross Internal Area: approx. 150 m (1614 ft).
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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