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£550,000
Bedrooms
Bathrooms
Doolittle and Dalley are pleased to present this outstanding detached dormer bungalow.
Situated on one of Kidderminsters sought after roads with excellent road links to nearby Bewdley and Kidderminster town centre which offers an array of everyday amenities. This wonderful home has been carefully renovated by the current owners to a high standard of finish. The property appeals to a broad market as it is suitable for family living as well as those looking for a larger type bungalow in which to retire. This fabulous accommodation comprises; welcoming entrance hall with storage for coats and shoes, principal bedroom with en-suite shower room and his and her sinks, two double bedrooms, contemporary family bathroom, the most impressive open plan living area with patio doors, kitchen area with island and integrated appliances and utility area. Upstairs is the fourth bedroom with potential to create en-suite (subject to any necessary consents). Outside is a wonderful space with a summerhouse being the cherry on top. This would make a great bar, home gym, office, teenage den, etc. The driveway to the front provides ample parking. Viewing is a must to appreciate the space on offer. EPC=C
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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