3 bedroom detached bungalow for sale

£320,000

3

Bedrooms

1

Bathrooms

Floorplan

This delightful detached bungalow offers a perfect blend of comfort and convenience. Situated in a friendly neighbourhood, this property benefits from local amenities and excellent transport links, making it easy to explore the surrounding areas. Whether you are looking to downsize, start a family, or simply enjoy single-storey living, this bungalow on Hemsby Road is a wonderful opportunity not to be missed. With its appealing features and prime location, this home is ready to welcome its new owners. Come and experience the charm of this lovely bungalow for yourself.

Living Room - 4.16 x 5.93 (137' x 195') - A good sized living space with fitted electric fire place and a bay window overlooking the front of the property.

Kitchen - 3.29 x 2.13 (109' x 611') - A spacious fully fitted kitchen consisting of under counter and wall mounted units an integral oven with four ring gas hob and chimney style extractor hood, built in fridge and freezer and plumbing for a washing machine. The kitchen also has a door to side of the property.

Bedroom One - 4.22 x 3.13 (1310' x 103') - A good sized double bedroom with French doors to the rear of the property.

Bedroom Two - 3.17 x 3.80 (104' x 125') - A good sized double bedroom with a window over looking the rear of the property.

Bedroom Three - 2.71 x 2.21 (810' x 73') - A good sized space with a window overlooking the side of the property.

Shower Room - Fully fitted with a three piece suite, including low flush WC, a wash hand basin with vanity unit and a good sized walk in shower cubicle.

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

£ 266700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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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
    £ 8000
  • 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

£ 26700
  • 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

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