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£1,000,000 Guide Price
Bedrooms
Bathrooms
''' Guide Price 1,000,000 - 1,100,000 '''
Located in the highly sought-after area of South Cheam, this substantial detached bungalow presents an exceptional opportunity for those seeking a comfortable and spacious home. Boasting three well-proportioned bedrooms and two modern bathrooms, this property is ideal for families or those looking to downsize without compromising on space.
Upon entering, you are greeted by a generous lounge that offers a warm and inviting atmosphere, perfect for relaxation or entertaining guests. The separate dining room provides an excellent setting for family meals or dinner parties, ensuring that you have ample space for all occasions. The garden-facing kitchen is equipped with modern fitted appliances, making it a delightful space for culinary enthusiasts to create and enjoy meals while overlooking the tranquil garden.
The property also benefits from parking for up to three vehicles, a valuable feature in this desirable location. With no onward chain, this bungalow is ready for you to move in and make it your own without delay.
In summary, this detached bungalow in South Cheam combines comfort, convenience, and modern living, making it a perfect choice for anyone looking to settle in a vibrant community. Do not miss the chance to view this remarkable property and envision your future in this lovely home.
En-Suite Bathroom/Wc - 8ft 6inch x 7ft 6inch -
Bedroom 2 - 13ft 4inch x 11ft -
Bedroom 3 - 10ft x 7ft -
Outside -
Rear Garden - 55ft x 55ft -
Front Garden - 55ft x 35ft -
Garage - 15ft7inch x 15ft 3inch (including utility room) -
Accommodation -
Entrance Porch -
Reception Hall - 18ft x 14ft 7inch (ftTft shaped) -
Sitting Room/Dining Room - 23ft x 14ft -
Kitchen/Breakfast Room - 17ft x 9ft -
Separate Dining Room - 15ft 10inch x 9ft 7inch -
Family Shower Room/W.C -
Utility Room - 8ft 2inch x 6ft 9inch -
Large Hall - Leading to: -
Bedroom 1 - 15ft 6inch x 12ft -
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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