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£285,000
Bedrooms
Bathrooms
A spacious three bedroom detached bungalow set on a large plot with South-Westerly facing rear, within the highly sought after Glebe area of Norton. The property comprises; generous entrance hall, spacious lounge, kitchen, utility room, two double bedrooms with wardrobes, third bedroom/dining room, bathroom, and additional cloaks/WC. There are well maintained gardens surrounding the property plus a driveway and garage providing off-street parking. Energy Rating: D-67. Council Tax Band: D (2,451.17). NO ONWARD CHAIN!!
Entrance Hall - UPVC entrance door with oval shaped leaded light & UPVC double glazed side panels, airing cupboard, access to part-boarded loft via aluminium pulldown ladder, coving and a radiator.
Lounge - 4.70m (max.) x 5.59m (max.) (155' (max.) x 184' - Front aspect UPVC double glazed box bay window, feature fireplace with wooden surround, marble hearth & gas fire, coving and a radiator.
Dining Room/Bedroom Three - 2.91m x 2.96m (96' x 98') - Rear aspect UPVC double glazed French doors opening to the garden, coving and a radiator.
Kitchen - 3.92m x 2.50m (1210' x 82') - Rear aspect UPVC double glazed window, base & wall units with rolled worksurfaces & tiled splashbacks incorporating a stainless steel sink, space for cooker with extractor over, coving and a radiator.
Utility Room - 2.40m x 2.73m (710' x 811') - Rear aspect UPVC double glazed window & door opening to the garden, base & wall units with rolled worksurfaces, space & plumbing for washing machine, coving and a radiator.
Bedroom One - 2.90m x 3.60m (96' x 119') - Front aspect UPVC double glazed window, wardrobes & matching drawers, coving and a radiator.
Bedroom Two - 2.91m x 3.59m (96' x 119') - Rear aspect UPVC double glazed window, fitted wardrobes & matching dressing table, wall light, coving and a radiator.
Bathroom - Side aspect UPVC double glazed window, panel enclosed bath with Mira thermostatic mixer shower over, pedestal wash basin, low level WC, part tiled walls, coving and a radiator.
Cloaks/Wc - Rear aspect UPVC double glazed window, wash basin, low level WC, coving and a radiator.
Externally - Set on a large corner plot with an extensive lawn to the front with mature shrubs & bushes. A driveway, providing off-street parking and leads to a garage (5.11m x 2.93m) with up & over door, power & lighting & a side door accessed from the rear garden. To the rear is a South-Westerly facing enclosed garden with large lawn & patio areas.
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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