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£725,000 Guide Price
Bedrooms
This attractive well extended detached bungalow provides spacious and versatile accommodation Detached double garage and good off-street parking on the driveway Delightful gardens Pleasant location
The Property - This very well presented modern detached bungalow offers spacious and versatile accommodation, including two large reception rooms, kitchen, utility room, three bedrooms, the master having its own en suite shower room, and family bathroom.
Constructed of cavity brickwork under a pitched tiled roof, the bungalow benefits from uPVC double-glazed windows and gas fired central heating.
The Outside - The delightful gardens are a particular feature of the property, with the plot measuring approximately 100 by 89 (30.6m x 27.1m) overall. The front garden is laid to lawn with a shrub border and weeping silver birch. The block paved driveway provides off-street parking and leads to the detached double garage.
A gate to the side opens to the rear garden, which wraps around the bungalow and is some 37 (11.2m) in depth. It is laid to lawn with crazy paved patios, herbaceous beds, ornamental shrubs and conifers and mature trees. Octagonal timber summerhouse.
The Location - Set at the head of this exclusive residential close, the bungalow lies three-quarters of a mile to the south of the town centre and only a very little farther from the mainline railway station. Letchworth Garden City is on the Cambridge to London mainline with the fastest service to London Kings Cross taking just 29 minutes and Cambridge 27 minutes away in the other direction. Junction 9 on the A1(M) is 2.2 miles away by car.
Designed in the early 20th Century to combine the benefits of town and country, Letchworth Garden City was the worlds first example of this concept and succeeds to this day in achieving its aim. The town provides excellent schools, shops, leisure facilities and green open spaces.
Council Tax - Currently Band E, but subject to an improvement indicator. The banding may be revised following a sale.
Services - MAINS water, sewerage, gas and electricity are connected to the property.
BROADBAND: A choice of providers with claimed download speeds of up to 1800 Mbps.
MOBILE SIGNAL: Most providers claim up to 4G coverage, O2 claims to provide 5G.
The Letchworth Garden City Heritage Foundation - To maintain the integrity of the Garden City concept and design, properties are subject to the additional planning requirements of the Heritage Foundation.
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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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