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£450,000
Bedrooms
Bathrooms
A detached 1970s bungalow which has been subject to a comprehensive programme of refurbishment by the present owners to create a stylish and beautifully presented home. Works undertaken include the refitting of the kitchen, including a full range of integrated appliances, new contemporary bathroom, including bespoke fittings, roll top bath and corner shower, new floor coverings throughout, all internal doors replaced, redecorated throughout and the reconfiguration of the living area providing a spacious kitchen/dining room with open access to an adjoining sitting creating a wonderful area for either social and family entertaining or the rooms can be kept separated, if required, by bi-folding doors. A further feature is the large deep glazed windows and French doors to the rear elevation which flood the property with natural light creating a light and airy feel. Heating is gas fired to radiators. There is an open plan garden to front, off road parking, single garage with adjoining workshop to side and a private, low maintenance garden to the rear. The Council Tax rating is currently Band D and the EPC rating is currently Band C.
Beald way is situated on the western outskirts of the city, particularly well placed for access to
Ely leisure, a complex on the western outskirts of the city, which includes various eating establishments, cinema, sports centre, swimming pool together with sporting activities including golf, squash and tennis. Ely offers a good range of day-to-day amenities, several weekly markets and a mainline railway station with services to Cambridge, London, Birmingham and the north.
Entrance Hall: - Part timber panelled walls, large storage cupboard, further storage cupboard housing the gas boiler and loft hatch, with ladder attachment, to roof space which has lighting and is part boarded.
Kitchen/Dining Room: - Range of matching cabinets, island unit, work surfaces, integrated appliances comprising oven, microwave, induction hob with down draught extractor fan, dishwasher, washer/dryer and fridge freezer. French doors to rear garden and bi-folding door to adjoining sitting room.
Sitting Room: - French doors to rear garden and wall mounted feature electric fire.
Bedroom 1: - Built in double wardrobes.
Bedroom 2: -
Bathroom: - Low level WC, vanity wash basin set within a reclaimed dresser, roll top bath, corner shower, timber panelled walls to half height and heated towel rail.
Outside: - An open plan shingled area to the front contains a variety of established shrubs and a driveway to side provides off road parking for 3 cars and leads to a detached Single Garage with up and over door to front, power, light, personal door to side and access to rear to an adjoining Workshop. A delightful, private garden to the rear is fully enclosed by walling and fencing and has been designed for ease of maintenance. An extensive paved terrace adjoins the rear elevation of the property with steps up to a shingled area containing a variety of established shrubs.
Map location is not available for this property.
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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