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£1,300,000 Offers over
Bedrooms
Bathrooms
Nestled on Riverside Avenue in Broxbourne, this charming detached bungalow, dating back to 1908, offers a unique opportunity for both comfortable living and potential redevelopment. Set on a generous double-width plot, the property boasts stunning views over the River Lea, complete with mooring rights for those who wish to indulge in boating or fishing, making it a perfect haven for outdoor enthusiasts.
The bungalow has been thoughtfully extended over the years, now featuring four spacious double bedrooms, two of which are equipped with en-suite shower rooms. The family bathroom is generously sized, catering to the needs of a growing household. The heart of the home is a welcoming kitchen/breakfast room, complemented by a utility room for added convenience. With four reception rooms, including a dining room adorned with a wood-burning stove and decorative panelling, this property is ideal for both entertaining and family gatherings. The living room, with its dual aspect windows, opens into a delightful garden room, seamlessly blending indoor and outdoor living.
The exterior of the property is equally impressive, situated at the beginning of a private road with an in-and-out driveway leading to a large detached garage. The expansive garden is a true highlight, featuring an additional side garden that has been lovingly used for growing vegetables, offering a touch of self-sufficiency.
With the potential for redevelopment into two properties, subject to planning permission, or the opportunity to create a grand family home, this property is a rare find. Whether you are looking for a peaceful retreat or a project to make your own, this bungalow on Riverside Avenue is not to be missed.
Broxbourne Station is within easy walking distance and has a fast and frequent service to Londons Liverpool Street (25min Approx).
The property has mains water, gas central heating, drainage and electricity. The property is set on a private road with a small discretionary charge requested.
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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