4 bedroom detached bungalow for sale

£500,000

4

Bedrooms

1

Bathrooms

Floorplan

Foxes Sales and Lettings are delighted to be instructed on this recently extended detached bungalow in the Redhill area of Bournemouth.
Redhill is a popular residential area with a large public park and playing field, and there is a charming parade of shops close by. The property also falls under the coveted Hillview School catchment.
The extension was carried out by the current owner and is predominantly on the side of the existing bungalow.
Access to the property is through a front door which leads into the entrance hallway, and immediately to the left is a door into the integral garage. A really useful space to house a car, or it could be used as a home gym as there is a cushioned floor as well as modern kitchen units and a sink along one wall.
The next room off the hall is the first of the four bedrooms, although this is currently being used as a home office.
The hallway turns to the right hand side and the two largest bedrooms lead off the right and overlook the front. The last of the four bedrooms also comes off this hallway and has a side aspect window.
Before you arrive in the living space, to the left hand side is a luxurious bathroom finished to an exceptional standard. To the right is a walk in shower with a fixed glass screen, waterfall shower and a second hand held shower head. To the left of the room is a large oval shaped stand alone bath, and completing the room is a WC, wash hand basin and a heated towel rail.
To complete the internal accommodation is the large open plan lounge, dining room and kitchen overlooking the back garden. The kitchen has a range of modern wall and base units and all the integrated appliances you would expect. A breakfast bar is in the middle of the room and double doors lead off from the dining area. There is also a log burner in the lounge.
To the outside, the front is mainly laid to block paving providing off road parking for two to three vehicles depending on size. Immediately adjacent to the rear of the house is a wooden decked area, with the remainder mainly laid to lawn and a garden shed at the very rear. The garden faces a sunny southerly aspect.
Council tax band: D

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

£ 415200

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

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

  • Refurbishment Budget
    £ 12500
  • 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

£ 40200
  • 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

Adjust these figures

  %

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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