Chelmsford Road Hatfield Heath Bishops Stortford CM22 7BD

1 /7
Available / For Sale

2 bedroom detached bungalow for sale

£700,000

2

Bedrooms

1

Bathrooms

Floorplan

Charming Two Bedroom Detached Bungalow Chain Free with Previous Planning Permission for a Stunning Four Bedroom Detached Home (Now expired)

A wonderful opportunity to purchase this charming two double bedroom detached bungalow, ideally located in the heart of the highly sought after Hatfield Heath village. This delightful home has been lovingly maintained to a high standard throughout and is offered to the market chain free.

Set on a generous plot of approximately a quarter of an acre, the property enjoys an excellent position just a short walk from Hatfield Heaths excellent village amenities and only a brief drive to the mainline railway station, offering the perfect blend of rural tranquillity and accessibility.

The property also previously benefitted from planning permission (now expired) for the creation of a superb four-bedroom detached house, presenting an exciting opportunity for redevelopment or future expansion (subject to renewed consent).

Accommodation

The welcoming entrance hall features a solid timber front door, painted wooden floorboards, and a storage cupboard housing the boiler.

The open plan kitchen/living area is bright and beautifully presented, with painted wood flooring throughout. The living area includes a built in TV unit, double glazed windows to the side, and a double panel radiator.

The kitchen area offers modern fitted units and integrated appliances, including a 4 ring gas hob, built in oven, extractor fan, and dishwasher. Large bi fold doors open onto the wonderful rear garden, creating a seamless indoor-outdoor flow ideal for entertaining.

There are two double bedrooms, both with double glazed windows, fitted carpets, and radiators. The family bathroom features a panel enclosed bath, wash hand basin, WC, heated towel rail, and slate tiled flooring.

Outside

The property sits on a substantial plot of approximately 0.25 acres, with a large private rear garden mainly laid to lawn and enclosed by fencing. A spacious decking area provides the perfect space for outdoor dining and relaxation.
There is also a superb home office/studio and access to the single garage, which includes plumbing for a washing machine and tumble dryer.

To the front, a private shingled driveway provides ample parking for up to six vehicles.

This property represents a rare opportunity for those seeking a beautifully maintained home in a desirable village setting, with the added potential to create a substantial family residence in the future.

Approx. 0.25 acre plot

EPC Rating: D

Council Tax Band: E

Sold Chain Free

Expired Planning Permission (See link)




DISCLAIMER: Campbell Residential endeavour to advertise accurate representations of properties in descriptions, virtual tours and floor plans, however, they are intended as a guide only and interested parties must satisfy themselves by undertaking a personal inspection.
Measurements are approximate. No responsibility is taken for error or omission or miss statement in these particulars, which do not constitute an offer or contract. No representation of warranty is made or given.

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

£ 580200

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
    £ 17500
  • 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

£ 55200
  • 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

Adjust these figures

  %
  %
£
  %

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

The Property has been saved to your favorites

Love the most
Second best
Meets our criteria
May be
Last resort

 / 5

Enquiry

Please enter a valid UK mobile number (e.g. 07123456789 or +447123456789)

Book an Appointment

Enter Details

Select Date and Time

GNB Property

10 Minute Meeting

  

Check all Details

Submit

Booking Confirmed

All confirmed! We look forward to speaking with you.

10 Minute Meeting

A calendar invitation has been sent to your email address.
Message