3 bedroom detached bungalow for sale

£895,000 Guide Price

3

Bedrooms

2

Bathrooms

Floorplan

Style and sophistication are on offer at this fabulous detached single-story home finished to an exacting standard and with an eye for detail.

Occupying a plot of around a third of an acre, the home offers privacy and seclusion with well-tended lawned gardens to both the front and rear, and with a lovely terrace at the rear ideal for summer dining and entertainment. From the rear, the property enjoys some quite spectacular far-reaching views over miles of glorious rolling Devon countryside. A gated driveway and a large attached double garage provide plenty of parking.

The property is located in a particularly sought-after and somewhat exclusive address on the rural edge of the popular and well-served village of Kingskerswell. Despite its almost semi-rural position, the location offers excellent access for Torbay and Newton Abbot. The A380 South Devon link road is around a mile away, and Torbay Hospital around 2.5 miles drive. The village itself offers an excellent range of day-to-day facilities including: a primary school, health centre, various shops and a handful of excellent pubs and restaurants.

With contemporary styling both inside and out, the home can only be fully appreciated on inspection and does represent an extremely rare opportunity when it comes to a balance of style and location particularly on one level.

Accommodation

Stepping inside, feature glazing and neutral tones provide for a light filled interior. Designer touches include gas fired underfloor heating throughout, solid oak internal doors, and some high-end solid wooden or tiled flooring. The front door opens into a large porch with vaulted ceiling and full-height window to the front. Twin doors open to a hallway which seamlessly flows on an open plan basis directly into a stunning living/kitchen/dining room of some 80sqm in total. With a part-vaulted ceiling, this area fully encapsulates the essence of modern living with plenty of space for sitting and dining furniture and with bi-fold doors and further full-height glazing drinking in the views and leading out to the terrace. The sitting area features a show-stopping ceiling hung/floating open fireplace and the kitchen area is fitted with a comprehensive selection of up-to-the minute cabinets and integrated appliances and has solid surface countertops and an undermount sink. Accessed from the hallway is a separate plumbed utility room, a good-sized guest cloaks/WC and a large recessed storage cupboard. A cosy snug is double-aspect including doors to the rear garden, whilst a completely separate sitting room again with doors to the rear garden also has a vaulted ceiling and a fabulous enclosed living flame gas fire. There are three double bedrooms, the principal with spectacular en-suite and walk-in wardrobe. Finally, there is a spacious shower room which is Jack and Jill to bedrooms two and three.

Agents Notes
Council Tax: Currently Band F
Tenure: Freehold
Mains water. Mains electricity. Private drainage. Mains gas.
A neighbouring property has occasional use to access a field at the rear of the house.



Features
  • Freehold

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

£ 741075

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

%

Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

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  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 22375
  • 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

£ 69825
  • 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

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  %

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

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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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